Description
The crucial importance of a shareholders' agreement
- The unanimous shareholder agreement is an agreement between all the shareholders of a single corporation to restrict or withdraw the powers normally reserved to the directors.
- Under the terms of the unanimous shareholder agreement, the powers of the directors may be completely withdrawn or restricted in one of the following ways:
- the imposition on directors of a special majority for decision-making;
- ratification of their decisions by the shareholders; or
- complete withdrawal of the directors' powers, transferring them to the shareholders.
- The signing of a unanimous shareholder agreement can be very useful when certain shareholders of a company hold a much larger share than the others. The signing of such an agreement allows corporate decisions to be made by a specific majority of the votes held by the shareholders, rather than by a majority of the directors in office.
- The Unanimous Shareholders' Agreement available on this site is a document providing the main clauses, an overview of which is given in the "Summary" tab.
- For further legal information, please consult our legal FAQ.
- If the company's shareholders also wish to settle the administrative aspects of holding shares or selling them to third parties in the event of disagreement or withdrawal from business, or the death or disability of one of the shareholders, use our other service available for this purpose, the " Shareholder Buy-Sell Agreement ".
Other services offered
Summary
Summary of clauses available for the preparation of your unanimous shareholder agreement.
- Identification of shareholders
- Definitions
- Scope and primacy
- Application of the agreement to holders of non-voting shares (if necessary)
- The various clauses relating to the choice made by the shareholders among the following:
- Imposition on directors of a special majority for their decisions
- Ratification by shareholders of directors' decisions before they take effect
- Transfer of all directors' powers to shareholders
- Shareholder vote
- Prohibition on transfer of shares
- Registration on share certificates
- Legal entities and trusts
- Holding company or personal management company
- Unanimous agreement
- Declaration of existence of agreement
- Non-transferability
- Dispute resolution - mediation and arbitration
- Notice
- Entry into force of the agreement
- Initial term - Renewal
- Termination of agreement
- Modification of agreement
- Election
- Interpretation
- Severability
- Non-waiver of rights
- Copies
- Jurisdiction
- Enforcement
- Intervention
- Declarations
- Signature of shareholders
Price
Unanimous shareholder agreement |
$150
|
Available option
Questionnaires review with a member of our legal team No discount or credit is applicable to this option. |
$60 |