The shareholders` pact was established with the aim of improving activities related to the operation of the company and clarifying and structuring the relationship between the entity and its shareholders at a given time. This contributes to a faster resolution of disputes and leads to an unwavering and fluid operation of the company and its activities. This contract is applicable from the reason for limited liability of shareholders is to say that the company is a separate legal entity, that is, separate from the shareholders. The company has [number of directors]; and any shareholder, as long as he owns shares in the company, has the right to be the director of the company or to appoint a responsible person as a candidate. Strong tactics are more common when shareholders are already struggling to get along, and they may not get along as much later as they did at the beginning. This can be a serious problem for all parties, but if there is no agreement at the beginning, there is not much that can be done if things go wrong. As this agreement is a private document, you don`t need to place it with the company files. But all shareholders involved in the company must have a copy of the agreement to keep their personal files. This guarantees the confidentiality of the terms of the agreement. (This section simply gives a smaller shareholder the right to “participate” if a group of shareholders holding the majority of the shares wishes to sell its shares. Similarly, if most shareholders receive an offer from a buyer for 100% of the company, some shareholders may be “trained” and forced to sell their shares) A person may own a company, and decide to make his children and other family members of the shareholders. They give these family members shares of the company that have value. But they probably also want to make sure that they keep majority control over the same company, so they have to: PandaTip: This proposed shareholder pact sets out the terms of how shareholders interact with each other and what happens when one or more of them want to leave the company, or that something happens that forces the exit of a shareholder or the closure of the company.
(a) As a result of one of the events listed below, the company buys at the purchase value, as defined below, all the shares of the shareholder thus concerned: in the event that a candidate on the board of directors of one of the shareholders does not vote on the provisions of this agreement and acts as a director, the shareholders agree to exercise their right as shareholders of the company and in accordance with the company`s statutes. to remove this candidate from the Board of Directors and to elect, on the spot or even in his place, such a person who will do his best to implement the provisions of this agreement, but only if the shareholder whose candidate has been removed does not appoint a successor within fourteen days of the date on which that candidate was withdrawn.