Checklist for a Shareholders Agreement between majority and minority shareholders.  To be used to agree the principal terms of the shareholders agreement prior to preparing the agreement itself, to save time and negotiation on the Shareholders Agreement
Use this document:
- for a company with a controlling majority (more than 50%) shareholder and one or more minority (less than 50%) shareholders
- as a preliminary step prior to preparing the Shareholders Agreement
- as a checklist to record the agreed position on the principal terms
- to save time and future discussion and negotiation on the Shareholders Agreement itself
- in conjunction with Paper Rock’s template majority/minority Shareholders Agreement, see Shareholders Agreement: majority/minority shareholders
- for a private limited company incorporated in England and Wales
Key features include:
- clear and easy to complete checklist of non-legally binding terms
- table format with explanatory commentary on points and alternative options for consideration and discussion
- checklist covering matters including:
- shareholders
- business of the company
- shareholder roles and services
- shareholdings
- funding, including initial and further funding
- director appointment rights and board decision-making
- shareholder decision-making
- matters requiring prior approval of specified shareholders (reserved matters)
- issue of additional shares
- rules and restrictions on the transfer of shares
- shareholder rights to information
- deadlock resolution
- shareholder restrictive covenants
Alternative checklist
For a Shareholders Agreement checklist for a company with equal (50/50) shareholdings, see Shareholders Agreement checklist: equal 50/50 shareholders.
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