"Tag-Along Rights" often refer to rights established by a contract that afford protection to minority shareholders. Typically, tag-along rights arise in the context of an initial public offering, venture capital transaction, or some other financing event that constitutes a change in control of a company. For example, if a minority shareholder has tag-along rights and a majority shareholder sells its stake in the company, the minority shareholder has the right to include its shares in the sale at the offered price.