Shareholders' agreement: new company

United Kingdom

Updated: Apr 01, 2021

28 clauses


Zermina Siraj Ul Haq

Verified user

Zermina Siraj Ul Haq

Halcyon & Partners LLP

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Key description

  • This agreement provides a very thorough framework for the shareholders of any private company to set out the precise structural management of their business. It covers the provisions that will be important to owners of most private limited companies.

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Covered clauses

General

  • Definitions

  • Interpretation

  • Relationship of Parties

  • Subscription For Shares

  • Completion

  • Company's Use of Money

  • Appointment and Removal of Directors

  • Duties of Directors

  • Proxy Votes

  • Company's Obligations

  • Actions Requiring Shareholder Consent

  • New Intellectual Property

  • Assets Introduced By a Shareholder

  • Confidentiality

  • Exit Strategy

  • Transfer of Shares and Right of Pre-Emption

  • Procedure After Transfer

  • Transfer of Shares on Death or Incapacity

  • Transfer of Shares on Bankruptcy

  • Restrictions on Shareholder After Transfer

  • Shareholder's Continuing Obligations

  • Life Insurance Provision

  • Publicity

  • Conflict With The Articles

  • Breach of This Agreement

  • Dispute Resolution

  • Severance and Invalidity

  • Miscellaneous Matters

  • Schedule 1: Ownership of Assets Used By The Company

  • Schedule 2: Letter of Instruction To Accountants For Valuation


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