Right of First Refusal Clause for Shareholder Agreement

Set out the rights and obligations of the shareholders of a UK company with this fully editable Shareholder Agreement template.

• The company will prepare a business plan for each financial year, which will include an estimate of working capital requirements, profit and loss projections, and an operating budget.
• The shareholders agree not to directly or indirectly participate in any competing business.
• Each shareholder agrees to keep the company's information confidential.
• Pre-emption procedure for transfers of shares, except for shares being transferred to a subsidiary or holding company, or to a family trust.
• If a shareholder wishes to sell their shares to a bona fide purchaser, the other shareholders have the option to piggyback the sale of their shares to the same purchaser.