Shareholder Agreement for New Company | Legal Path

Shareholder Agreement for New Company | Legal Path

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LegalPath
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£19.99
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£19.99
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Format: DIGITAL
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Shareholder Agreement for a New Company

This Shareholder Agreement Template has been drafted for new companies, of which the Shareholders wish to formalise and record the terms and conditions of their relationship with one another within the Company.

 

What is a Shareholder Agreement?

A Shareholder Agreement is a legally binding contract made between the Shareholders of a Company. It protects the interests of all Shareholders by setting out important rules, such as the relationship between shareholders, their rights and responsibilities, and how the Company is to be run. This helps to safeguard both minority and majority Shareholders by regulating future developments in the Company.

LegalPath’s Shareholder Agreement template has been drafted by a solicitor and covers a comprehensive range of provisions, including important clauses like the drag along and tag along clauses, and pre-emption rights in the transfer or issuing of shares. The template also regulates the appointment of Directors and how they may make decisions regarding the Company. 

 

What is included in this Shareholders Agreement template?

This kit contains one easy to complete, legally valid Shareholder Agreement template, as well as accompanying explanatory notes and a Share Certificate.


Agreement Contents 

  1. Parties 
  2. Definitions 
  3. Interpretation 
  4. Preamble 
  5. Shareholding 
  6. Main Object of the Company 
  7. Directors and Management of the Company 
  8. Restrictive Covenants 
  9. The Shareholders' Voting Rights and Meetings 
  10. Matters Requiring the Consent of a Special Majority 
  11. Funding 
  12. Dividend Policy 
  13. Borrowing and Guarantees 
  14. Financial Matters 
  15. Transfer of Shares 
  16. Obligatory Transfer Events 
  17. Completion of Share Purchase 
  18. Fair Value 
  19. Issue of Further Shares 
  20. Drag Along 
  21. Tag Along 
  22. Confidentiality 
  23. No Partnership 
  24. Notices 
  25. Serious Deadlocks: Resolution of Disputes 
  26. Termination 
  27. Governing Law and Jurisdiction 
  28. Utmost Good Faith 
  29. Severance 
  30. Variation and Waiver 
  31. Assignment 
  32. Costs 
  33. Conflict with Memorandum and Articles 
  34. Entire Agreement
  35. Third Party Rights 
  36. Counterparts