A shareholders agreement is a contract negotiated by the shareholders of a company outside the Corporations Act to:

  • 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.

Downloading your free legal document is easy. Fill in the required information and your document will be emailed to you instantly.

You will need the following information to generate your document:

  • number of shares issued per shareholder;
  • names of all shareholders; and
  • addresses of all shareholders.
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About this Document

The LVDox™ Free Shareholders Agreement allows you to ensure that the relationship between the company’s shareholders is documented in a basic manner.

Important terms covered in this document include:

  • operation of the business;
  • directors of the board and board meetings;
  • duties of directors and general meetings;
  • dividends, restrictions on parties and events of default;
  • first right of refusal and drag along; and
  • insurance, loan accounts and confidentiality.

The LVDox™ Free Shareholders Agreement is only suitable for very 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.
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Pro Document Benefits

You can choose to upgrade your LVDox to a LVDox Pro document. Upgrading your legal document has the following benefits:

  • Consultation with a lawyer specialising in your industry
  • Review of the legal requirements for your business
  • Drafted specifically for your business and industry
  • Document reviewed and signed off by a lawyer
  • Covered by LegalVision’s professional indemnity insurance
  • We provide a fixed-fee service so there are no surprises

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