Shareholders Agreement Not Witnessed
(6) to grant existing shareholders the right to authorise future shareholders. The shareholders` agreement is a special type of contract called an "act". This means that it must be signed in a special way: insurance policy for Buyout Money - if a shareholder decides to resign, other shareholders may have to cover the cost of the shareholder`s shares. To avoid this, a company should take out an insurance policy to obtain funds for the purchase money. Shareholder agreements can be very flexible and meet the needs of each company. An agreement may contain many provisions such as financing provisions, non-competition clauses, share restitution rules, etc. With this agreement, you can set the standards and know what to do in case of conflict. .