Service Description
A typical market standard shareholders’ agreement for private limited liability companies. A shareholders’ agreement sets forth the rights and obligations for each shareholder and the terms and conditions based on which the company shall be operated and managed.
The importance of a shareholders’ agreement cannot be overstated: a shareholders’ agreement will help you in deadlock situations as well as managing conflicts and disputes. It should be relatively easy to enter into a SHA at the beginning of a venture when everyone is happy and on the same page with each other. However, along the ride people will change, operative landscape will change, the company may pivot and the original aims may change or the level of a shareholder’s commitment may change. All of these may cause issues amongst the shareholders. At that point it is crucial that clear rules exist regarding the situation and possible exits.
Main clauses include: current and future financing, cap table, issue of new shares, general meetings and voting rules, composition of the board of directors, non-competition and non-solicitation, IPRs, negative pledge, transfer of shares (incl. right of first refusal), exit (drag-along, tag-along), bad leaver, confidentiality, breach and indemnification.
Language: single language (English).
What is included in the price?
- The price of the document includes initial correspondence(s) via email (details of the case), tailor-made drafting of a legal document and one (1) round of amendment after the delivery of the first draft to the client.
- Telcos and communication via phone shall be organised on a case-by-case basis and at the sole discretion of WDL.
What happens after your purchase?
After purchasing a document from Shopify, kindly send us:
(1) a copy of your payment receipt; and
(2) all the information regarding your drafting needs related to the specific document that you purchased (e.g. instruction, clear identification of intended goals and other details of the case);
by using the following email address: contact@wdlal.com.
After receiving your email, we will get back to you as soon as possible via email with more questions about your case (as needed) and other information requests before we start the drafting.
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