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

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

  • Joint venture shareholders’ agreement—majority or minority
  • Parties
  • BACKGROUND
  • Schedule 1Reserved Matters
  • Schedule 2 [Data protection
  • Schedule 3Deed of adherence
  • PARTIES
  • Recitals:
  • The Parties Agree:

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Notes: Brexit—impact on corporate joint ventures and Brexit—drafting boilerplate clauses.

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].

    2. (B)

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

    3. (C)

      [A] and [B] shall exercise their rights in