[ncd]

They do, and this Agreement specified that the ROFR was the only practical limit on transfers. Indeed, the sale passed the scrutiny of outside attorneys who looked at all documents that had been given to the employees.

It wasn't until a buyer had been found and the company had been notified that they pulled out the company bylaws and revealed this extra clause deep in the bowels of that document--a document which had never been furnished before.

[hkmurakami]

Wow that is... Pretty questionable wrt ethics (why did they explicitly call out ROFR, limiting their rights in the first place???).

Really appreciate you sharing.