Shareholder Agreement Draft

The decision-making power or seat on the board of directors of a corporation is vested in the majority shareholders and, in the vast majority of cases, does not rest with minorities. That is why shareholders need to know what they own and where they are, based on how the company expects to treat them and what it requires of them in their particular role. (a) The founders agree, as long as they are employed by the company, they will devote all their time and attention to the company and enter into a management agreement with the company. While they are employed and will not engage in directly competing activities for a period of two years after they have ceased to be employees of the company. The owners and directors of the company interact with each other on the basis of this agreement, so that it must be strong, thorough, well thought out and flawless, ambiguous formulations or other problems. Instead of achieving the objectives, the creation of a shareholder contract will reduce the problems and the risk of divergence in the final stretch. If there is disagreement at a later stage, the agreement will be something to which all shareholders and directors can be maintained, so that there will be no legal consequences in the absence of a formal agreement. (This section simply gives a smaller shareholder the right to „participate“ if a group of shareholders holding the majority of the shares wishes to sell its shares. If most shareholders receive an offer from a buyer for 100% of the company, some shareholders may be „trained“ and forced to sell their shares) 17.2 The content of this shareholders` pact cannot be changed without mutual agreement between the parties. The parties consult annually at the company`s general meeting on whether to revise the shareholder contract. 50. This agreement constitutes the whole agreement between the contracting parties and replaces any previous agreement or representation on the issues outlined in this agreement and there are no conditions, guarantees, assurances, agreements that are explicit or implicitly applicable to these issues. 4.

Any shareholder guarantees that he will not be prevented from entering into this agreement, either by law or other contractual agreement. CET ACCORD, dated [ACCORD DATE] is concluded between the following persons, who constitute all the current shareholders of [CORPORATION] („Corporation“): as a direct link between the shareholders and the directors of the company, this agreement provides information on the expectations of all parties to the agreement. Legal problems can arise from misunderstandings and this document reduces the extent of misunderstandings, so that there is less risk of recourse and the resulting difficulties. (a) the date set by a written agreement, signed by all shareholders, that terminates the agreement; or b.

abgelegt unter: Allgemein