| Commentary

126 Leaving the company

| Commentary

126 Leaving the company

A shareholder who is on the receiving end of a breach of contract by his fellow shareholders may come to the conclusion that, instead of or in addition to pursuing a contractual claim, his best course of action is to leave the company altogether. There will usually be two problems in doing this. First, the shareholder will have to extricate itself from the shareholders’ agreement. Secondly, he will have to dispose of his shares in the company.

The shareholders’ agreement may itself provide machinery for the departure of a dissatisfied party, for example by allowing retirement from

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial