Shareholders Agreement
KShs 3,000
9% Off
A shareholders’ agreement is an arrangement among the shareholders of a company. It contains provisions regarding the operation of the company and the relationship between its shareholders. A shareholders’ agreement is also known as a stockholders’ agreement. It protects both the corporate entity and the shareholders’ investment in that entity.
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- Interpretation. 1
- Mutual Undertaking by the Shareholders. 3
- Undertakings by the Company. 4
- Effect. 4
- Business of the Company. 4
- Expansion. 4
- Duration. 4
- Provisions Relating to Directors. 4
- Chairman. 7
- Alternate Directors. 7
- Shareholders’ Meetings. 7
- Reserved Matters. 8
- Deadlock Provisions. 9
- Financing of the Company. 10
- Guarantees. 11
- Management. 12
- Auditors and Accounts. 12
- Non-Competition. 13
- Investment by the Company. 14
- Undertakings Representations and Warranties. 14
- No Encumbrance. 14
- Custody of the Common Seal. 15
- Dividend Policy. 15
- Announcements and Publicity. 15
- Transfers of Shares. 15
- Admission of New Members. 18
- Option to Acquire Additional Shareholding. 19
- Rights Issues. 19
- Relationship between the Shareholders. 19
- Support clause. 19
- Warranties and Indemnity. 19
- Breach. 20
- Duration and Termination. 20
- Consequences of Termination. 20
- Exit of Shareholder. 21
- Confidentiality. 21
- Inconsistency with Articles. 22
- Force Majeure. 22
- Notices and Service. 23
- Assignment and Benefit. 23
- No Waiver of Rights. 24
- Variation. 24
- Severability. 24
- Entire Agreement. 24
- Counterparts. 24
- Costs. 25
- Jurisdiction. 25
- Dispute Resolution. 25