
If there is no formal, written shareholders’ agreement, then the relationship between shareholders and their company is regulated by the company’s Articles of Association.
A written agreement negotiated between all shareholders is the best way to ensure everyone is covered adequately, and know their rights and obligations.
A shareholders’ agreement, which is a private document, provides that extra clarity.
We will help you consider the important terms and aspects when drafting a shareholders’ agreement, including:
- Voting rights of minority or majority shareholders
- Transfer of shares between shareholders or groups of permitted transferees (e.g. spouses, children)
- Exit terms
- Termination of the shareholders’ agreement and what happens in the event of bankruptcy or death of shareholders
- The valuation of shares on a transfer
- Rights of the shareholders to receive additional shares
- Rights of specific shareholders to purchase additional shares or sell shares on the triggering of certain events or achieving certain conditions
Because of the complexities of drafting a comprehensive shareholders’ agreement, appropriate advice is a must.
In most cases having a shareholders’ agreement is a far more cost-effective approach to heading off disputes before they occur. Director or shareholder dispute resolutions are much more difficult and expensive to achieve if there is no contract in place. If it does go so far as a formal dispute, we can help you out with this as well.
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Get in touch with our team of Shareholders & Partnerships experts today to discuss your requirements. You can contact us via email Email or telephone us 01803 213251
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Testimonials
I had a shareholder dispute with a partner. Simon has provided very valuable advice, while having a broad professional outlook on my case. He understood the core of the case swiftly and sharply. Besides being an in-depth professional, Simon Bean has enriched the value of advice by his empathic approach and pointing out key to-do’s for future endeavours. His letter of advice tackled the matter with depth, providing an exhaustive approach. An another point for which I am grateful, was his advice asto a person that is still on the steep curve of getting familiarised with many aspects of advising. I would definitely recommend him for his legal knowledge, for his communication throughout, and equally important, for his empathy and sharp overlook on situations.
Negotiation skills and ability to have difficult conversations with difficult clients.
I worked on a transaction with Dominic Hollingsworth. He was extremely collaborative and went the extra mile for the client. Dominic was very pragmatic in his approach and his vast experience gave a lot of confidence. Dominic was highly commercial and a pleasure to deal with.
Partner led – each partner takes an active role in cases and overseas their respective teams. This supports deliverable outcomes. Large enough practice to have expertise within locality and across the three sites, they are very joined up, acting as one team.
Emma Reed – Pro-active and engaged. Able to articulate possible solutions, giving practical advice and standing behind her decisions.
Hayley Green – Offers practical and simple actions to resolve difficult situations. Able to communicate complex issues in a clear and concise manner
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