Business Shareholders Agreement
1. Purpose and Objectives
The primary purpose of this Shareholders Agreement (hereinafter referred to as the "Agreement") is to establish the terms and conditions governing the relationship between the shareholders of the company, as well as their rights, duties, and responsibilities. The Agreement is intended to provide a framework for the smooth management and operation of the business, ensuring that all shareholders' interests are protected.
2. Company Details
This Agreement pertains to the shareholders of [Your Company Name], a corporation duly organized and existing under the laws of [State/Country], with its principal office located at [Your Company Address].
2.1 Shareholder Information
The shareholders covered under this Agreement are listed below:
Shareholder 1: [Your Name], [Your Company Address]
Shareholder 2: Lyda Fadel, Houston, TX 77001
Shareholder 3: Maria Turner, Minneapolis, MN 55401
3. Shareholder Roles and Responsibilities
Each shareholder agrees to fulfill the following roles and responsibilities:
Participate in shareholder meetings as scheduled.
Exercise voting rights in accordance with their respective shares.
Adhere to the strategic objectives set forth by the company.
3.1 Voting Rights
Each shareholder shall have voting rights proportional to their equity interest in the company. All major decisions affecting the company shall require a 12% majority vote of shareholders.
3.2 Profit Distribution
Profits earned by the company shall be distributed among shareholders in proportion to their respective shareholdings, unless otherwise agreed upon by a unanimous vote of the shareholders.
4. Transfer of Shares
In the event a shareholder wishes to transfer their shares, the following procedures shall apply:
4.1 Conditions for Transfer
All share transfers are subject to compliance with applicable securities laws and the articles of incorporation of the company.
5. Dispute Resolution
Any disputes arising from this Agreement shall be resolved through good faith negotiation. If negotiations fail, disputes shall be submitted to arbitration in accordance with the rules of [Arbitration Body]. The decision of the arbitrator shall be final and binding.
6. Amendments
This Agreement may be amended only by a written agreement executed by all shareholders. Any amendment shall be appended to this Agreement as an addendum.
7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State/Country], without regard to its conflict of laws principles.
8. Signatures
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the 22nd day of March, 2099.
[YOUR NAME]
Shareholder
Lyda Fadel
Shareholder
Maria Turner
Shareholder
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