Description and usage Chinese Shareholders Agreement Template This document comes in two versions - English and Chinese. It is between two individuals who set up a limited company to run a new business in which each of them has 50% of the shares. The agreement contains 18 clauses covering - interpretation
- business of the company
- capital
- profits policy
- directors, chairman, secretary
- meetings
- day to day conduct of company’s business
- bank account
- accountants and registered office
- matters requiring the consent of both shareholders
- shares
- exercise of voting rights
- non-competition
- default
- deadlock procedure
- death
- language, law & resolution of disputes
- a general clause detailing partnership, assignment, notices and ambiguity
There are also provisions dealing with matters that require the consent of both parties, default and deadlock provisions if the two shareholders fall out - a useful basic document. What's in it? - See detailed Explanatory Notes below
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