Shareholder Agreement | Australia
Set out how the shares of an Australian corporation are to be transferred or sold under this customizable Australia Shareholder Agreement.
- 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.
- The procedure for avoiding deadlock in votes is set out.
- The template also includes non-competition and confidentiality clauses.
- Every corporation with more than one shareholder should have a Shareholder Agreement in place.
- Available in MS Word format.
- Intended to be used only within Australia.
Last Updated: 30-January-2023