1.1 The shareholders are all shareholders of the company, a company [STATE OF INCORPORATION] and are the only directors and officers of the company. PandaTip: This section ensures that shareholders have the same expectations about when they can get money from the company and ensure that distributions do not compromise the company`s financial needs. The termination clause allows a signatory to withdraw from the capital if one or more events mentioned in the contract occur during the term of the contract (sale of certain assets, departure of a partner,…). The signatories of the contract are obliged to buy back the shares of the contractor who wishes the withdrawal at a predetermined price fixed in the contract. This agreement, dated [date of contract], is concluded between the following persons, which include all the current shareholders of [CORPORATION] (“Corporation”),: to report a shareholders` agreement, an e-mail should be sent to the usual contact person of the corporate finance department and to declarationseuil [at] amf-france.org. A shareholders` agreement can contain many clauses. They can be divided into three broad categories: in addition, shareholder agreements often provide for the following: PandaTip: This can be a frequent topic of controversy between shareholders, each thinks that the other does not work hard enough, that he is overpaid, etc. The use of detailed employment contracts or the placement of these conditions can help mitigate future disputes. 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, if there is a relatively small number of shareholders, as in a startup, it is customary for shareholders to complete the constitutional document. There are several reasons why shareholders wish to supplement (or replace) the company`s constitutional documents in this way: the shareholders` agreement aims to ensure that shareholders are treated fairly and that their rights are protected. The “Buy or Sell” clause: it allows a shareholder (A) to ask another shareholder (B) to buy back his shares at a price proposed by A.

If shareholder B refuses, A may repurchase B`s shares at the price he had previously proposed. By simplifying, A B obliges either to buy back his shares, or to sell his shares, hence the clause “buy or sell”. This clause is rare, but can counter a bad “cohabitation” between two partners . . .