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"Minority ownership protections" doesn't mean much. It means the "majority" has a fiduciary duty to deal with you fairly and honestly, but since you have 49% you can actually do nothing to insure how the business is run. They are basically promising you that if they steal your money, you can sue them for fraud. We already knew that.
actually i will own 51 percent and the investor will own 49 percent
i understand that it means they are expecting me to deal with them fairly and if i do not they can sue me for fraud - if i reverse the parties in your answer
If you own 51%, then I love the language.