Revised and Modernised

Our Shareholder Agreements are some of our most popular Corporate templates. Parties will often set up in business together and if they form a private limited company, they may wish to regulate their relationship through the means of a shareholders’ agreement.

This month starts the process of reviewing and updating this portfolio to revise and modernise these templates. We begin with one of our basic shareholders’ agreements where no new shares are being issued.

With the introduction of the General Data Protection Regulation (GDPR) an appropriate reference has also been made to GDPR compliance as a management obligation (this is an optional contractual obligation) but one that companies may increasingly wish to put into writing in an agreement such as a shareholders’ arrangement.

A selection of new clauses have also been added, including a simple non-compete clause, a clause on the appointment and removal of directors and simple warranties as to each shareholder’s ability to enter into the agreement.

We will continue to update and roll out our other Shareholders’ Agreements in the coming months.