A Shareholders Agreement covers the key provisions for owning and operating a private company. It is one of your company’s most important documents.
A Shareholders Agreement is a contract negotiated by the shareholders of a company. It should set out how shareholders:
govern their relationship and business arrangements;
detail their rights, responsibilities, obligations and liabilities; and
protect their interests — with regard to their particular circumstances.
It regulates matters not covered by a company’s constitution and is therefore supplementary to a company’s constitution.
As a member, you can request unlimited legal documents to be drafted or reviewed for your business,
including this Shareholders Agreement. Our membership also provides unlimited legal advice
consultations, faster turnaround times and ongoing legal support for an affordable monthly fee.
Learn more about becoming a member today.
The Shareholders Agreement (or
Shareholders Deed) template allows you to ensure that the
relationship between the company’s shareholders is documented.
Our corporate law team have drafted this document as a
deedrather than an agreement as it contains a
power of attorney clause(in many states a power of
attorney clause must be executed as a deed). There are therefore
certain signing formalities that must be complied with. In addition
to using the ‘deed’ style execution blocks within the document, the
document must be printed (in full) and signed (in ink). It should
not be signed electronically.
The document is 32 pages long, contains 17 sections and two
schedules.
Important clauses covered in this document include:
board of directors
meetings of the board
meetings of shareholders
management and decision making
financial matters
issue of new securities
transfer of securities
drag along and tag alone provisions
power of attorney
company protections
term
dispute resolution
representations and warranties
trust provisions
Two schedules are also included:
party details; and
deed of accession
The Shareholders Agreement template is most suitable for
early-stage or simple companies.
The following clauses can be customised by one of our lawyers to
your specific needs:
good leaver/bad leaver provisions;
setting out how critical business decisions will be made;
a structure ensuring subsequent shareholders can accede to the
shareholders agreement by deed of accession;
a structure allowing the company to be independently valued in
the event of a shareholder dispute;
a shareholder vesting structure;
a clause which sets out how intellectual property developed by
directors, key personnel and shareholders should be managed;
drag along and tag along to be customised for the business’s
needs;
division of power between shareholders and directors;
balance of power between majority and minority
shareholders;
protecting minority shareholders so they are comfortable to
invest;
setting out how working capital and loans will be managed;
setting out how shareholders can sell their shares; and
protecting the company with comprehensive dispute resolution
and non-compete provisions.
Benefits of Choosing LegalVision
We know there are many online document websites and legal marketplaces to choose from. When you
choose LegalVision, you can rest assured we are always here to help you.
We are a commercial law firm with industry-leading client satisfaction scores (read our reviews!)
All of our templates are drafted by qualified lawyers and regularly reviewed.
We have assisted over 250,000 businesses.
You can email or call our team for a free consultation to discuss any legal questions.
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