16.2 Disputes between the parties, owners and/or the company regarding the shareholder contract or other agreements between the contracting parties, the owners and/or the company are settled through mutual negotiations. PandaTip: This model of shareholder agreements defines the conditions for shareholder interaction and what happens when one or more of them want to leave the company or something happens that forces the exit of a shareholder or the closure of the company. The proposal is based on 30 years of practical experience of our legal team on these issues. It contains all the default options that any shareholder might wish for, as well as notes for each paragraph, which explain in plain English how the document is processed. The right to a first refusal can help protect against an undesirable foreigner who buys into the company if one of the other shareholders decides to sell. PandaTip: This section ensures that shareholders have the same expectations about when they can withdraw money from the company and ensure that distributions do not compromise the company`s financial needs. A shareholders` pact is a contract between the owners of a company that defines their roles, rights and obligations as shareholders of the company. A shareholders` pact defines the appointment of executive shareholders, establishes rules for the appointment and termination of senior executives of the company, and defines requirements for general meetings and shareholders, shareholder obligations, information rights and rights and dividends. A proposed shareholder contract contains important, practical and specific rules that are directly related to the company and its shareholders. The development of such a document is of great benefit to all shareholders. Let`s take a look at the importance of this document: at this point, shareholders need to have a similar view of what they are receiving and what they are offering the company.
If, on that date, there are differences between the shareholders and they do not wish to participate in the agreement, you should consider this as a warning. They may also have difficulties with these people in the future. 28. If more than two shareholders participate in this agreement, the initiating shareholder may submit an offer of initiative to one of the other shareholders, and the “shot gun-commission” procedure applies as if there were only two shareholders.