Joint venture shareholders’ agreement—majority/minority
Joint venture shareholders’ agreement—majority/minority

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

  • Joint venture shareholders’ agreement—majority/minority
  • 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 Conflict Matters
  • 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 Company shall carry on business in accordance with the terms and conditions of this Agreement.

    1. (C)

      [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 following expressions shall have the following meanings:

        [A Business

        1. means the business to be transferred to the Company by [A] at or before Completion on the terms of the A

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