Shareholders’ agreements are a necessity for any company. Shareholders Agreement set out the rights of one shareholder against another, both majority and minority owners will want an agreement to protect their interests in the company. T
Shareholders Agreement Template
A shareholders agreement Template (Shareholders Agreement) is general contract that attempts to regulate the rights and obligations of Shareholders or in the context of their ownership of securities in a company. The company itself may also be a party to the Shareholders Agreement.
Shareholders Agreements Contract (General) is not compulsory like the Replaceable Rules or a Constitution as required by the Corporations Act 2001 (Cth) (Act). On incorporation, or on obtaining an investor, many companies choose to regulate the rights and obligations of Members in addition to regulating various aspects of the management of the Company by preparing a General Shareholders Agreement
Precedents online offer a general purpose Shareholders Agreement Template with drafting notes. Covers most popular topics. 15 pages long.
Our most versatile and popular Shareholders Agreement
- Definitions and interpretation
- Operation of the business
- Directors and the board
- Board meetings
- Duties of directors
- General meetings
- Issue of new shares and dividends
- Dividends
- Transfers and restrictions on parties
- Sale notice and first right of refusal
- Event of buy back
- Drag along rights
- Tag along rights
- Insurance
- Loan accounts
- Confidentiality
- Contracts, transactions and conflict of interests
- Commencement and termination
- Independent legal advice
- Costs and expenses
- Amendment
- Notices
- Relationship of parties
- Assignment
- Waiver or variation of rights
- Powers, rights and remedies
- Consents and approvals
- Further assurance
- Counterparts
- Entire agreement and understanding
- Governing law and jurisdiction
You may also like:-