The agreement can document key decisions of the company such as how shares can be sold, what happens if a shareholder dies, whether shareholders can work in competition with the company when they leave and whether any compulsory share transfers should take place if a shareholder has acted in contravention of the agreement.
This article is provided for general information purposes only and represents our understanding of the relevant law and practice as at the date of uploading. Our experienced team can produce bespoke shareholders agreements at fixed fee prices. Jonathan is a specialist business law solicitor who has been practising for over 14 years, starting at the top international City firms, before then working at smaller practices and since for himself.
The Jonathan Lea Network is now a SRA regulated law firm that employs solicitors, trainees and paralegals who work from a modern office in Haywards Heath. This close-knit retained team is enhanced by a trusted network of specialist self-employed solicitors who, where relevant, combine seamlessly with the central team. If you'd like a competitive quote for any legal work please first send an email to wewillhelp jonathanlea. This has the effect that the parties will first have to adhere to the prescribed requirements for dispute resolution before institution proceedings in court.
If you require assistance in relation to any of the information provided above or to book a consultation, please feel free to contact Henry van der Westhuizen at Pragma Lawyers. Contact us today by clicking here or call us on 08 Hit enter to search or ESC to close. Tag along and drag along rights Tag along provisions apply where a major shareholder wishes to sell its shares to a third-party purchaser. Pragma 10 November, Pragma 22 October, Pragma 21 October, Privacy policy.
Meet our Team. These restrictions can be stricter than may exist in any employment contract and can be very valuable in protecting the interests of the company moving forward. These may include at what stage there would be a referral to mediation, or who any arbitrator may be etc.
This is important in particular for banks and other creditors that may be looking to invest in your company. Any agreement should be reviewed periodically to check that it still operates in the way the company and shareholders wish it to and be updated and re-executed as shareholders come and go. Tags: Business , business terms , Corporate , Lawyers , shareholders , shareholders agreement , Solicitors.
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