Hard transfer ban clauses are rare, usually they are ROFRs. Some boards may push back, but they do see the benefit of the founder having an aligned support network and we believe many will let this happen.
We believe that this exception to the ROFR or transfer restriction becomes a standard clause built into most term sheets in the future.
We believe that this exception to the ROFR or transfer restriction becomes a standard clause built into most term sheets in the future.