A shotgun, or buy-sell provision is an exit provision usually inserted where shareholders are concerned about conflict with one another. It allows a shareholder to set a price for their shares, and offer them to the other shareholder(s). If the shareholders do not opt to purchase the shares at that price, the offering shareholder can then purchase the remaining shares at that offered price. In this way the offering shareholder is either bought out of the business, or buys the remaining shareholders out.