2.1. The above shareholders own the number of common shares and the approximate percentage of the company`s ownership, as shown below: 9.1.3 If neither party makes an offer, one of the parties may demand the liquidation of the company. In the event of a disagreement between the liquidator and the liquidator is appointed by the legal auditor of the company`s accounts. 17.2 The content of this shareholders` pact cannot be changed without the mutual understanding of the parties. The parties consult annually at the company`s general meeting on whether to revise the shareholder contract. 1.4 Contracting parties undertake not to enter into agreements or to assume any obligations of any kind that may prevent compliance with the provisions of this shareholder agreement. 16.2 Disputes between the parties, owners and/or the company regarding the shareholder contract or other agreements between the contracting parties, the owners and/or the company are settled through mutual negotiations. There is no particular format that must be followed by a contract. In general, it will contain certain concepts, either explicit or implicit, that will form the basis of the agreement. These conditions may include contractual clauses or contractual guarantees. The parties mentioned above, referred to as “parties” and individually “parties,” have the following shareholder contract (the “shareholders` pact”) relating to the ownership of the parties to COMPANY NAME, the number of VAT NUMBER, a company registered in accordance with COUNTRY laws (hereafter referred to as “companies”). The shareholders` pact aims to ensure the fair treatment of shareholders and the protection of their rights.
17.3 The shareholder contract is binding on the contracting parties during the period during which the parties hold shares in the company and, if applicable, for certain provisions beyond that period. It is important to note that if a company has not adopted an enterprise agreement (most states, including Texas, do not require LLCs to have an agreement). The provisions of the TBOC are called default rules. On the other hand, when a company has adopted a company agreement, the company and its members must work in accordance with the provisions of the social contract. However, if a particular circumstance is not covered by a provision of the company agreement, the company must seek guidelines in accordance with the standard provisions of the TBOC. Shareholder agreements are different from the company`s statutes. If the statutes are mandatory and the management of the company`s activity, a shareholders` pact is optional. This document is often developed by and for shareholders and sets out certain rights and obligations. It can be very useful if a company has a small number of active shareholders.
As with all shareholder agreements, an agreement for a start-up often contains the following sections: PandaTip: This shareholder contract model defines the terms of shareholder interaction and what happens when one or more of them want to leave the company or something happens that forces the exit of a shareholder or the closure of the company.