For example, including the “Drag Along” provisions. They generally operate where an offer to buy all the shares of a company has been received and where the majority shareholders wish to accept this offer. For example, by booking certain decisions, such as the possibility for the company to issue other shares that can only be taken with the unanimous agreement of all shareholders. That`s why, at SeedLegals, we encourage all founders to have the right founders, consultants and consulting agreements (with the corresponding capital plans) as well as the IP endowments that cover you in terms of willingness to invest – instead of creating a customized shareholder pact. The good news is that you can create them for free as part of the SeedLegals Basic Plan in the Team Agreements section. It is customary for a shareholders` pact to provide for the following: guarantees granted to minority shareholders may be provided in a shareholders` pact. No no. Shareholder agreements are designed to be next to your by-statutes and are not publicly available documents. You are an agreement that you keep with your corporate files and accounts that do not need to be considered until there is a problem, in the same way that you do not actively use your insurance or your will. A shareholder pact can be held by your accountant or with your usual statement, but it is important not to lose, only in case; An accountant will be able to keep the document safe and advise you on any major changes to your business, in accordance with your shareholders` pact. Therefore, it is important to review the provisions contained in your company`s by-law that are not appropriate for your purposes, either to update your by-law or to enter into a written shareholders` pact. And of course, if you finish your turn, we`ll create for you a bespoke shareholder pact, which has been established exactly in accordance with the rest of your funding cycle – instead of paying in advance for something you need to change anyway.
We provide entrepreneurs, businesses and investors with pragmatic guidance to help them establish tailored shareholder agreements and status governing their relationships.