Most shareholder agreements include an option to buy out a shareholder if certain events happen, for example: if the shareholder dies (you probably don’t want to be in business with that shareholder’s estate); if the shareholder becomes disabled for a certain period of time; if the shareholder gets divorced and the ex-spouse would otherwise be […]
As a follow up to last week’s post, “Why You Need a Shareholders’ Agreement“, the following is an overview of some common provisions that are often included in unanimous shareholders’ agreements (“USAs”). However, the provisions below may or may not be appropriate in your situation. Your USA should be constructed to accomplish your specific goals in your […]
A shareholders’ agreement is a contract among the shareholders of a corporation which regulates the rights and obligations of the shareholders of a corporation. The agreement may also specify certain requirements for the election of directors or the management of the business and affairs of the Corporation. Typically, all shareholders of the Corporation are parties […]