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Enter the full legal name of this person as it would appear on a legal document.
Enter the full legal name of this person as it would appear on a legal document.
A Shareholder Agreement supplements a corporation's bylaws by governing the rights and obligations of individual shareholders — transfer restrictions, buy-sell triggers, drag-along and tag-along rights, dividend policies, and board composition. Critically important in closely held corporations where shareholders are also employees. Fill out this free shareholder agreement template online, e-sign it digitally, and download a legally valid PDF. no account or lawyer needed. Sections: Company, Shareholders, Shares.
This Shareholder Agreement is entered into as of ______________ by and among ______________, a ______________ corporation (the "Company"), and the undersigned shareholders (each a "Shareholder").
______________ holds 0 shares and ______________ holds 0 shares of the Company's 0 total issued and outstanding shares.
No Shareholder may transfer any shares without first offering them to the Company and then to the other Shareholders on a pro rata basis (right of first refusal). Any transfer in violation of this Section shall be void.
If Shareholders holding a majority of the shares approve a sale of the Company, all Shareholders shall be required to sell on the same terms. Minority Shareholders shall have the right to participate in any proposed sale on the same terms as the selling majority.
Each Shareholder shall vote their shares to elect the directors as agreed by the Shareholders in writing from time to time.
Each Shareholder shall keep confidential all non-public information of the Company and shall not engage in any competing business while a Shareholder and for one (1) year thereafter.
This Agreement shall be governed by and construed in accordance with the laws of the State of ______________, without regard to its conflict-of-laws principles.