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Glossary   >   S   >   "Shotgun Clause" Definition            Shotgun Clause A buy-sell provision used by related parties in a business venture. Investors within the partnership have the right to offer their portion to the partner at a specified price. If the partner does not buy the offered interest at this price, they must then sell their own interest to the offering party at the same specified price. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Shotgun Clause - A buy-sell provision used by related parties in a business venture. Investors within the partnership have the right to offer their portion to the partner at a specified price. If the partner does not buy the offered interest at this price, they must then sell their own interest to the offering party at the same specified price.