Shareholder Agreements & Joint Ventures
A shareholder agreement is an essential element for the running of an efficient business as it can deal with the day to day management issues relating to the company, how the business of the company is to be carried on and the relationship of the shareholders. Businesses without such agreements may find themselves involved in disputes when the aims and objectives of the shareholders and company begin to differ. The written shareholder agreement allows the parties to have certainty at all times as it sets down ground rules for avoiding disputes while providing a mechanism for dealing with them if they do arise.
Issues commonly governed by shareholder agreements are as follows:
- Board decisions that require shareholder approval;
- Restrictions on the transfer and issue of new shares;
- Rules relating to the compulsory transfer of shares; and
- Valuation of shares in particular circumstances.
Joint venture arrangements between parties coming together to pursue a common business goal should be structured and documented to ensure maximum protection for all parties, as well as allowing flexibility to develop the venture.
We draft, revise and structure new and existing agreements, tailoring them to the requirements of your particular business and circumstances. To achieve this we draw upon the wide range of experience and knowledge within our firm, ensuring that a suitable agreement is drawn up in a timely fashion.