Unit Holders Agreement
A Unit holders Agreement is a contract between the unit holders of a Unit Trust. Unit holders Agreements govern the relationship between unit holders in a Unit Trust. A Unit holders Agreement covers the rights, responsibilities, obligations and liabilities of Unit holders. A Unit holders Agreement also protects the interests of Unit holders regarding their investment in the Unit Trust. It covers matters that not covered by the Unit Trust Deed itself or the trustee company’s constitution. The Unit holders Agreement operates in addition to the Unit Trust Deed, without changing the Deed itself. This agreement agreement includes among other things, terms on which a person can leave (or be required to leave) the Unit Trust scheme, decision making, management of the Unit Trusts’s business, meetings and voting rights, distribution of profits, contributions of capital, sharing of expenses and resolution of disputes.
- CONTENTS include:-
- 1 Definitions & Interpretation
- 2 Unit holding structure
- 3 Management of the company
- 4 Unit holders’ covenants
- 5 Matters requiring a special resolution of unit holders
- 6 Execution of documents
- 7 Dividends
- 8 Accounts
- 9 Encumbering Units
- 10 Insurance
- 11 Drag along and tag along options
- 12 Mediation
- 13 Non-competition
- 14 Conflicts of interest
- 15 Confidentiality
- 16 Mutual covenants
- 17 Exclusion of implied relationships
- 18 Term of agreement
- 19 Continuing rights
- 20 Notice
- 21 General provisions
This Unit Holders Agreement contains 14 pages
Looking forward to purchasing more precedents as it’s a great service for a small legal practice just starting out.
I have used Precedents Online since starting up my business over 5 years ago. There are many documents I was able to download and use to help with the start and running of my online business.
I have found Precedents Online to be very useful for my business. I have also used them for personal legal documents. Simple and easy to use. I don’t have to fill out any forms or subscribe. I can simply download the document I need and reuse it when I need it.
WE ALSO RECOMMEND THE FOLLOWING ATTACHMENTS or SEARCH
Sale of Shares
Asset Sale Agreement
Precedents Online sells legal documents to the legal profession in Australia. The online legal documents are supplied by Kalde Pty Ltd. Most of the copyright in the works available on this site vests in Kalde Pty Ltd and the documents themselves have been created by practising lawyers.
Legal precedents sold on this site are available for immediate use. Precedents shown on this site have been drafted by practicing lawyers and kept up to date with changes in the law.
Precedents Online. Powered by Kalde & Associates Commercial Lawyers.