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Shareholders Agreement 

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Prepared for:
[Shareholder Name]

Prepared by:
[Company Name]

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Shareholders Agreement

This Shareholders Agreement (hereinafter referred to as the "Agreement") is entered into effective as on [Date] 

By and Between

[Company Name] (hereinafter referred to as “Company”), whose principal place of business is at [Address], and;

[Shareholder Name] (hereinafter referred to as the “Shareholder"), residing at [Address], 

The Company and the Shareholder are collectively referred to as the "Parties" and "Party" individually. 

WHEREAS the Shareholder hereto agrees to jointly manage the Company and incorporate under the laws of [Law]

AND WHEREAS the Shareholder is entering into this Agreement to provide management and control of the Company

NOW, THEREFORE, it is hereby agreed between the Parties as follows:

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Terms and Conditions

1. Operations

The Company shall be structured, organized by the terms and conditions of this Agreement and the Memorandum of Association (MOA), Articles of Association (AOA) of the Company. 

2. Share Capital

The authorized share capital of the Company is [Amount] [Amount in words], equity share of [Amount] each. There shall be no further issue of capital without the consent of the Shareholder and shall be agreed upon mutually in writing.

3. Directors

The Board of Directors of the Company shall consist of [Directors]. The Shareholder shall have the right to nominate two additional directors onto the board. 

4. Voting

The Shareholder shall jointly and severally vote and act as a member of the Company with regards to the shares of the Company.

5. Auditor

The Auditor of the Company shall be [Name of the Auditor]. The Auditor shall not be changed without the prior consent of the Shareholder and the Directors. 

6. Right of First Refusal

The Shareholder shall have a right of first refusal to purchase shares if the following events occur: 

1. New shares are issued by the Company;
2. Any shares are sold or otherwise transferred or disposed of by any Shareholder (other than the existing Shareholders).

7. Non-Competition

The Shareholder shall not, at any time during the [Number of Years] period immediately following the closing date, directly or indirectly, own, manage, control, participate or be related or otherwise affiliated in any manner with, any business similar to that engaged in by the Company in the territory of [Name of Territory] without the prior written consent of the Company.

8. Termination

Either Party may terminate/cancel this Agreement by written notice to the other Party. In case of breach of the terms and conditions herein by any Party, the Party in breach shall remedy it within [Number of Days] days upon receiving such notice of the breach. Failure to remedy the breach will lead to the termination of this Agreement without prior notice.

9. Transfer of Agreement 

This Agreement is confidential and shall not be transferred to any Party without prior written consent.

10. Indemnification

The Shareholder agrees to indemnify the Company against any claim, damages, cost, loss, or any kind of liability arising in and out of this Agreement. 

11. Arbitration

In the event of any dispute arising in and out of this Agreement between the Parties, it shall be resolved by Arbitration. There shall be [Number of Arbitrators] Arbitrators which shall be appointed by [Party Name]. The venue of Arbitration shall be [Venue/Location of Arbitration] and the seat shall be [State]. The Arbitrators' decision shall be final and will be binding on both the Parties.

12. Miscellaneous

Notice: All the approvals notices required hereto by either of the Parties shall be deemed to be given and delivered by international courier or registered email respectively. 
Severability: In the event, any provision of this Agreement is deemed to be invalid or unenforceable, in whole or part, that part shall be severed from the remainder of this Agreement, and all other provisions shall remain in full force and effect as valid and enforceable.
Governing Law: This Agreement shall be governed by and in accordance with the laws of [State]. 
Entire Agreement: The Parties acknowledge that this Agreement sets forth and represents the entire Agreement between both Parties. If the Parties are willing to change/add/modify any terms, they shall be in writing and signed by both Parties.

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Acceptance and Signature

IN WITNESS THEREOF, the Parties agree to the terms and conditions set forth above as demonstrated by their signatures as follows:

Company                                                                                                                          Shareholder

Signature

Assign signer 1

Name

Assign signer 1

Date

Assign signer 1

Signature

Assign signer 2

Name

Assign signer 2

Date

Assign signer 2

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DISCLAIMER: Revvsales, Inc is not a law firm. The content provided herein is for general information purposes only, and does not constitute legal advice. Revvsales, Inc and its partners make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information mentioned hereunder. The use or reliance of any information contained herein is for your personal use and solely at your own risk. You agree to fully release and indemnify Revvsales, Inc from any liability associated with the use of this content. You are advised to obtain independent legal advice before taking or refraining from any action on the basis of the content provided here.