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Document Id : 6008
File Type : Microsoft Word
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Australia Shareholder Agreement
Prepare a Shareholder Agreement for an Australian corporation with this ready-made template form.
- The agreement governs how the corporation's shares are to be transferred, sold or otherwise disposed of.
- Each shareholder has a right of first refusal to purchase any shares being disposed of by the other shareholder(s) before the shares can be offered to third parties.
- Shareholders not wishing to exercise their right of first refusal can transfer a pro rata share of the offered securities to the other remaining shareholders.
- The shareholders also have a right of first refusal to purchase new securities being issued by the corporation.
- If a shareholder is in default (as defined in the agreement), the other shareholders have a call option; in other words, they have the option to purchase the defaulting shareholder's shares at fair market value.
- Procedure for avoiding deadlock in votes.
- Includes non-competition and confidentiality clauses.
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