Description and usage
Shareholders Agreement - Three or More Parties This shareholders agreement is for use by three or more individuals as shareholders in a limited company. This twelve page document contains 19 clauses covering - interpretation
- business and name of the company
- capital
- profits policy
- directors, chairman and secretary
- meetings
- conduct of the business of the company
- bank accounts
- accounting information
- matters requiring the consent of all shareholders
- shares
- exercise of voting rights
- non-competition, restrictions and confidentiality
- transfers of shares
- default
- deadlock procedure
- notices
- governing law and resolution of disputes
- general clauses addressing the scope of the agreement, assignment, waiver, ambiguity and partnership
This Shareholder Agreement can be used both for setting up a new company and for a company that already exists. Alternative wording is provided for each situation. The contract is for use in England and Wales, and is governed by English law. What's in it? - See detailed Explanatory Notes below
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