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Term Sheets: A VC/Angel I am negotiating with wants a clause whereby founders have to sell all vested shares if they leave in good terms. Is this normal?
Yoash Dvir, Business and legal expert answered:

What's "good terms"? If everybody is happy and you are moving on to your next venture considers as good terms? I never heard about something like this (and I drafted a lot of investment agreements) and it doesn't make any sense either. Will they sell all their vested shares if they decide to stop investing or not participating in future rounds?

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