Shareholder agreement solicitor Scotland

When a corporation consists of multiple shareholders, shareholders’ agreements become necessary.

These are an arrangement among the company’s shareholders that governs their conduct and various other facets of the enterprise.

Disagreements may readily emerge in the absence of such agreements.

Although we remain prepared to provide support in shareholder disputes, the implementation of a pre-existing agreement can aid in circumventing the animosity, time, and financial burden associated with a dispute.

What does a shareholders’ agreement consist of? 

To protect the interests of all shareholders they establish clarity regarding the management of the company. Once an agreement is in place, it can protect the Shareholders of a company, in the event of an untimely departure. Shareholder agreements are of the utmost importance.

In general, they have been set up to deal with the following:

• The type of operations of the company.
• Consideration of share transferability.
• The framework by which commercial decisions are executed.
• The board of directors’ organisational structure.
• The resolution of shareholder disputes.
• Contribution of each shareholder to the business.
• Policy regarding dividends.

You have complete discretion over the content of shareholders’ agreements. 

Complete Clarity’s specialised shareholder agreement solicitors will consult with you regarding the permitted terms and ensure that the most suitable provisions are incorporated to meet the company’s requirements. 

One potential scenario involves a shareholder desiring to liquidate their shares and requiring the other shareholders to exercise a right of first refusal. 

It is possible that you would like to incorporate a list of decisions that directors are unable to make unless a specified number of shareholders have given their prior consent. 

The specialised business law solicitors at Complete Clarity can assist you with any matter.

Shareholder agreements offer several benefits

Shareholders’ agreements provide numerous benefits.

While initially requiring payment, these measures may ultimately save you more money in the long run by preventing disputes.

Additionally, they provide a variety of other benefits. Since shareholders’ agreements are not accessible for public inspection, they are subject to a higher level of confidentiality. Additionally, shareholders’ agreements are enforceable by contract regulations.

New shareholders

Although newly appointed shareholders are legally obligated to abide by the articles of association, they do not possess the same legal authority as the shareholders’ agreement. 

When a new shareholder obtains shares in a company, it is crucial that they formally subscribe to the shareholders’ agreement.

Contact us to speak to our Business lawyers in Glasgow – Solicitor Scotland

Whatever the nature of your business, speak to one of the specialist solicitors in Glasgow for expert guidance on all matters concerning business law.

We act for many local landlords and tenants in the Scottish sector. Our solicitors will help you negotiate the best possible terms for your lease and allow you to concentrate on growing your business, ensuring your contracts are solid and beneficial. Contact the Complete Clarity business team at 0141 433 2626 or complete our online enquiry form and we will get back to you with legal advice tailored to your needs.