Related Precedents
Introduction
This Unit Holders Agreement is a comprehensive legal document governing the relationship between unit holders in a unit trust and the management of the trust’s business.
It sets out the rights and obligations of unit holders, including decision-making processes, management structure and restrictions on dealing with units.
The agreement includes provisions dealing with governance of the trust, financial reporting, dispute resolution and transfer of units.
It is suitable for use where multiple parties hold units in a trust and wish to regulate their relationship and the operation of the business.
📄 Unit Holders Agreement
• Agreement between trustee and unit holders
• Unit holding structure and ownership provisions
• Definitions and interpretation clauses
🏛 Management & Governance
• Management of the trust by the trustee company
• Board and decision-making framework
• Matters requiring special resolution of unit holders
• Execution of documents provisions
⚖️ Unit Holder Rights & Obligations
• Unit holders’ covenants and obligations
• Restrictions on encumbering units
• Conflict of interest provisions
• Confidentiality obligations
💰 Financial & Operational Provisions
• Dividend distribution provisions
• Accounting and financial reporting requirements
• Insurance obligations of the trust
🔄 Transfer & Exit Mechanisms
• Drag along and tag along rights
• Non-competition obligations
🧾 Dispute & Legal Framework
• Mediation and dispute resolution process
• Term, termination and continuing rights
• General provisions including notices and governing law
What is a Unit Holders Agreement?
A unit holders agreement is a legal document that governs the relationship between parties who hold units in a unit trust.
It sets out how the trust is managed, how decisions are made and the rights and obligations of the unit holders.
It also provides mechanisms for dealing with disputes, transfers of units and operation of the business conducted by the trust.
Professionally Drafted Legal Precedent
Prepared by experienced Australian commercial lawyers, this precedent provides a comprehensive and reliable framework for real-world use.
The document is fully editable in Microsoft Word and includes an Editing Legal Documents Guide to assist with completing and tailoring the agreement.
Designed for immediate use, it can be adapted to suit a wide range of legal and commercial scenarios.
At A Glance
What This Document Covers
• Unit holder relationship
• Trust management structure
• Decision-making processes
• Financial and reporting obligations
• Unit ownership and control
Key Provisions Included
• Special resolution requirements
• Unit holder covenants
• Dividend provisions
• Accounting and reporting
• Confidentiality obligations
Typical Use
• Unit trust structures
• Business ventures using trusts
• Investment arrangements
• Multiple unit holder arrangements
• Governance of trust businesses
Download Details
• Professionally drafted legal precedent• Suitable for Australian use
• Fully editable Microsoft Word document
• Includes Editing Legal Documents Guide
• Instant download available immediately after purchase
Drafted by Legal Professionals
Our precedents are prepared by Australian legal practitioners and reflect commonly used legal drafting standards.
Practical and Easy to Use
Each template provides a structured framework that can be adapted to suit the specific transaction or matter.
Instant Access
Download immediately after purchase and edit the document in Microsoft Word to suit your requirements.
Also Known As
• Unit holders agreement (unit trust)
• Trust governance agreement
• Unit trust agreement
• Agreement between unit holders
• Trust management agreement
Frequently Asked Questions
What is a unit holders agreement?
It is a legal agreement between unit holders in a trust that sets out their rights, obligations and how the trust is managed.
Does this include decision-making rules?
Yes. The agreement includes provisions dealing with matters requiring special resolution and governance of the trust.
Does this deal with transfer of units?
Yes. The agreement includes drag along and tag along provisions relating to the sale of units.
Does this include dispute resolution?
Yes. The agreement includes a mediation process for resolving disputes between unit holders.
Unit Holders Agreement – Instant Download
• Unit holders agreement for unit trust structures
• Includes governance and decision-making provisions
• Includes financial and operational framework
• Suitable for multi-party trust arrangements
• Fully editable Microsoft Word document
• Instant download available immediately after purchase
Used by lawyers, businesses and commercial operators across Australia.
Download This Precedent
Instant download. Fully editable Microsoft Word format. Includes practical drafting guidance.