Question: How can I bypass the first right of refusal clause in the Shareholders Agreement?
Answer:If none of the shareholders want to exercise their first right of refusal and are happy for your shares to be sold to a third party, then the shareholders are essentially agreeing to a variation of the shareholders agreement. You should check your shareholders agreement to see what is required to vary the shareholders agreement – this normally requires consent by all of, or at least a majority of, the shareholders, in writing.
