A general shareholder agreement that covers initial funding, further funding, appointment of directors, relations between shareholders and disposal of shares. It contains a formula for the pricing and sale of shares. A versatile agreement that can be adapted to suit a wide range of industries. This agreement contains the following clauses:
- Definitions and Interpretation
- Conditions Precedent
- Term
- Objectives
- Structure of the Company
- Board of Directors
- Decision Making
- Management
- Financial Reporting
- Accounts
- Funding
- Agreements Between Company and Shareholders
- Transfer of Shares
- Procedure on Transfer of Shares
- Determination of Sale Price
- Non-Competition
- Publicity and Confidentiality
- Dispute Resolution
- Acknowledgments and Warranties
- Termination
- Default
- Assignment
- Counterparts
- Entire Agreement
- Further Action
- Choice of Jurisdiction and Law
- Non-merger
- Notices
- Waiver
- Variation
- Costs
- Paramountcy
- No Partnership or Agency
- Severability
- Consent
Fully formatted in Microsoft Word, ready to download edit and use. 21 pages long.