Change of Control Clauses

A Change of Control clause is a provision in a contract, often in employment or investment agreements, that triggers certain rights or protections if a company's ownership or management changes significantly—such as through a merger, acquisition, or sale. It aims to safeguard key parties by allowing them to exit, renegotiate terms, or receive specific benefits if control of the company shifts. Essentially, it helps ensure stability and clarity for involved parties during major ownership transitions.