ContractStore - Heads of Agreement Contract Template For 3 Parties - Each One Being A Shareholder And Director

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A108 - Heads of Agreement (New Company)

Description and usage
Heads of Agreement (New Company)

This is a three party agreement, suitable for three individuals proposing to set up a new company in which each of them will be a shareholder and a director.

This is a 4 page document with 14 clauses covering

objectives
company formation
initial capital
additional capital
profits policy
directors
management of business
matters requiring unanimity
bankers
accountants
deadlock
good faith and non-competition
preparation of a formal shareholders’ agreement
governing law and disputes

You need this document if you’re looking to ensure clarity and safeguard the interests of shareholders. Also see our Checklist for Shareholders Agreement.

For a two party shareholders’ agreement template, see Document A107.

What's in it? - See detailed Explanatory Notes below

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Heads of Agreement (New Company)

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You will find this contract in:

	Joint Venture Agreements and Collaborating Contracts
	Partnerships and Shareholder Agreements
	Full Catalogue
	Business Structures

You may also find these contracts of use:

A107	Shareholders Agreement Template - Two Parties
A166	Shareholders Agreement - Three or More Parties
Z142	Checklist for Shareholders' Agreement - Free Document

What's in it?

Whilst for obvious reasons we can't show you the actual item before you purchase it, we can do the next best thing. We show you the explanatory notes that go with each contract and, in the case of books and forms, a brief summary. These will give you a good idea of the content of the document before you buy it.

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