Family businesses often look to the next generation to run the business. But the next generation is not always prepared or qualified to take over the business. There may be multiple members of the next generation involved. Or the retiring generation needs cash from the sale of a family business in order to comfortably retire. More and more investment funds invest in family businesses to facilitate the succession. The issue of exit strategies or liquidation of the shareholding of family business has several angles. Not only the family dynamics, the interests of the investment fund who invests in view of a return on investment and the perspective of the (founding) shareholder who has long term goals need to be aligned. What are the appropriate mechanism that would cover such contradicting interests. In this session we will try to discuss standard clauses that are used in practice as well as examples of how such legal solutions reflected in particular situations in practice.