Friendly Takeover
A friendly takeover happens when one company is willingly acquired by another. In a friendly takeover, the management and board of directors' consent to or approve the takeover. It’s important to note that the target company’s shareholders will still need to agree to the takeover.
This glossary provides an overview of some key legal terms for startups. It's essential to consult with a legal professional to ensure a comprehensive understanding of these terms and their implications for your specific situation.