CET ACCORD, dated [ACCORD DATE] is concluded among the following persons, who constitute all the current shareholders of [CORPORATION] (“Corporation”): Shareholders are persons who hold “shares” in a company. The shares are representative of the property, so that the shareholders are the true owners of the company. Officers are people who regularly lead the company`s operational activities. Standard officers in a company that most states need are a president, treasurer and secretary. Most companies also have one or more vice-presidents to support the president`s duties. Directors are people who help manage the broader structure of the company and act on behalf of shareholders. Directors help a company cling to its stated mission, and it is often the people who choose the officers. If they no longer see that value, they end up withdrawing their support. Before investing, they will carefully study the business so that they can make a good decision that will benefit them in the short and long term.
Companies without these agreements do not show investors what they need to see to feel comfortable, how they recover their investments over time. and if the material dispute cannot be resolved within a reasonable time or by the mediation and arbitration provisions in this agreement, any shareholder (the “initiating shareholder”) may initiate a forced purchase or sale agreement (the “Shot Gun Commission”). (a) the date set by a written agreement, signed by all shareholders, that terminates the agreement; or b. bankruptcy, liquidation or dissolution of the company. PandaTip: This model of shareholder agreements defines the conditions for shareholder interaction and what happens when one or more of them want to leave the company or something happens that forces the exit of a shareholder or the closure of the company. When it comes to companies, it is important that their shareholders know what to do or not to do, so that they do not end up making decisions based on false information. A provision for other shareholders to purchase shares of the deceased or termination of operations is generally also included in this agreement to ensure that these shares can be properly processed and evaluated.