Joint venture shareholders’ agreement—corporate real estate—deadlock (50:50)
Joint venture shareholders’ agreement—corporate real estate—deadlock (50:50)

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Joint venture shareholders’ agreement—corporate real estate—deadlock (50:50)
  • BACKGROUND
  • 1 Definitions and interpretation
  • 2 Conditional Completion
  • 3 Completion
  • 4 Warranties, Representations and Undertakings
  • 5 Business of the Company
  • 6 Directors
  • 7 Reserved Matters
  • 8 Contracting with Group Companies and Associated Persons
  • More...

This Agreement is made on [insert date] 20[insert year]

Parties

  1. 1

    [Insert name of first shareholder] incorporated in England and Wales under number [insert company number] whose registered office is at [insert address] ([A]),

  1. 2

    [Insert name of second shareholder] incorporated in England and Wales under number [insert company number] whose registered office is at [insert address] ([B]), and

  1. 3

    [Insert name of the company in which the shares are held] incorporated in England and Wales under number [insert company number] whose registered office is at [insert address] (the Company).

BACKGROUND

    1. (A)

      The Company, at the date of this Agreement, has in issue ordinary shares of £[insert nominal value] each, of which one ordinary share has been issued fully paid and is registered in the name of [A] and one ordinary share has been issued fully paid and is registered in the name of [B].

    1. (B)

      The Parties have agreed to enter into this Agreement in order to carry out the Development (as defined below) and to set out their various rights and obligations.

    1. (C)

      The Company shall carry on business in accordance with the terms and conditions of this Agreement.

    1. (D)

      [A] and [B] shall exercise their rights in relation to the Company in accordance with the terms and conditions of this Agreement.

The parties agree:

    1. 1

      Definitions and interpretation

      1. 1.1

        In this Agreement, unless the context otherwise requires the

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