In strict legal theory, the relationship between shareholders and those between shareholders and the company is governed by the company`s constitutional documents. [Citation required] However, for a relatively small number of shareholders, such as in a start-up, it is common in practice for shareholders to complete the constitutional document. There are a number of reasons why shareholders want to complete (or withdraw) the company`s constitutional documents: PandaTip: modify them according to the number of shareholders; Sometimes there are only two. What is a shareholder contract? A shareholders` pact is a document involving several shareholders of a company, which details the results and concrete measures that are taken in the event of the departure of a shareholder of the company, whether voluntarily, involuntarily or when the company ceases operations. PandaTip: This can be a common topic for shareholder disputes, everyone thinks the other doesn`t work hard enough, always overpaid, etc. The use of detailed employment contracts or the placement of these conditions here can help defuse future disputes. In most countries, registering a shareholder agreement is not necessary for it to be effective. Indeed, it is the greater perceived flexibility of contract law in relation to corporate law that provides much of the rationale for shareholder agreements. 1.1 The shareholders are all shareholders of the company, a company [STATE OF INCORPORATION] and are the sole directors and senior executives of the company. 9.1.2 If the above does not result in a solution within two weeks of the first negotiations between the parties, each of the parties may submit an offer to the other contracting parties for up to two weeks. The offer must contain all the shares of the other party and is subject to cash payment within two weeks of the expiry of the tendering period. Offers must be filed with a designated lawyer or the company`s legal auditor. The party making the offer that indicates the highest price per nominal share immediately gets the right and obligation to buy the other parties at the stated price.
14.1 Contracting parties are held incommunicado in the confidentiality of everything they learn as shareholders, boards of directors, directors or employees of the company.