Relying solely on the Articles of Association to avoid any potential disagreement is a somewhat precarious position.
A company’s articles do set out the boundaries between Directors and Shareholders, but they do little to handle any fallout if these rules are broken and a dispute can occur. For this reason, a Shareholders Agreement can provide more complete protection for Shareholders and Directors, who might otherwise find themselves at a serious disadvantage if internal conflict breaks out.
The LawBite Shareholders Agreement Template helps ensure that you comply with the necessary regulation and achieve best business practice for a written legal document.
A Shareholders Agreement addresses matters involving the management of the company and the relationship with its shareholders in a way that differs from those covered by Model Articles – the standard articles of association that automatically apply to a company if the founders do not file any other bespoke set of articles.
So, what should a Shareholders Agreement include? The document usually covers;
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