Call Right

A call right is a contractual right that lets the holder require another party to sell a specified asset or ownership interest to the holder at a set price (or pricing formula) and within a specified time window.
Common context: in private company equity, a company or investor may have a call right to buy back shares from a founder/employee after certain events (e.g., termination, breach, failure to meet vesting conditions).
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Ryan Roberts Startup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.