Shareholders' agreement

Joint venture through company
2 Reviews
Select support levelCompare
Recommended

Document overview

An agreement for a JV, operated through a company formed for that specific purpose.The project that will be undertaken could be anything. Examples are: a property renovation, design and creation of a consumer product, or buying a company in order to sell the assets.Because the company is likely to focus on achieving a single outcome, particular emphasis in placed on exit arrangements, including re-structuring.
Compliant
Compliant with the latest law in
  • ACT
  • NSW
  • NT
  • QLD
  • SA
  • TAS
  • VIC
  • WA
Document propertied
Document properties
  • Length:25 pages (4500 words)
  • Available in:
    MsWordMicrosoft Word DOCXApple pagesApple PagesRTFRTF
watertight guarantee
Backed by our watertight guarantee

If the document isn’t right for your circumstances for any reason, just tell us and we’ll refund you in full immediately.

writing in plain english
Written in plain English

We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.

Notes
Guidance notes included

You don’t need legal knowledge to use our documents. We explain what to edit and how in the guidance notes included at the end of the document.

email
Support from our legal team

Email us with questions about editing your document. Use our Lawyer Assist service if you’d like our legal team to check your document will do as you intend.

Update
Up to date with the latest law

Our documents comply with the latest relevant law. Our lawyers regularly review how new law affects each document in our library.

About this document

This document regulates a company set up for a specific joint venture project.

Although the company will be an independent legal unit, the venturers will want to know what is happening and will exert closer control than if they were mere shareholders in an associated company.

It is assumed that the venturers will be two companies, but they could as easily be three or more – individuals or any other entities.

This agreement is about control, co-operation and management. It is as suitable for research project as to construct a road or export goods abroad. There is no specific cut off between a joint venture company and any other in tax laws and other areas.

A shareholder agreement is an essential document for partners in a JV, more so if contributions of time, expertise, money, use of assets and intellectual property brought in are not in equal proportions.

A JV is also likely to be time or outcome limited, compared to a normal company that is likely to be expected to continue trading into the long term future. After the goals of the venture have been achieved, the owners are likely to go their own ways and disband the company.

This template helps the parties to identify and deal with the most likely points of dispute. Given the nature of joint projects, we have provided particular emphasis on deadlock resolution during decision making, transfer of shares, and exit arrangements.

This agreement is drawn by a  solicitor with experience of problems that can occur in the management of a JV company.

Note: It is important that the constitution of the company is in terms that permit and support this agreement.

Contents

In many areas, we give you complete alternative paragraphs and explain in the notes when each will be the most suitable for you.

This document contains commercial paragraphs as well as what you might call technical legal provisions. You can choose which are suitable for your needs. Many are based on our practical experience as solicitors of dealing with shareholder disputes.

Examples of these provisions are:

  • obligations of the company to the shareholders (the company is also a party to the agreement)

  • roles of directors and actions by the company or a director which require shareholders’ consent: controls and redistributes power between the parties

  • financial information for all shareholders

  • list of actions that require all shareholders’ (or whatever percentage you decide) consent

  • how to deal if deadlock occurs

  • how to deal with new intellectual property

  • tax matters

  • transfers of shares and rights of pre-emption or first refusal: when allowed, under what conditions and to whom

  • termination of this agreement

  • procedure after termination

  • publicity about the deal

  • confidentiality

  • dividend policy and procedure

  • use of a shareholder’s own assets in the business

  • different valuation methodologies for the shares on the departure of a shareholder

 
Sample shareholders' agreementFront cover

Recent reviews

Covers The Basics Well
18 March 2013
Having used shareholder agreements before , this is a good template that covers all the basic points. good value
Nicholas Kirk
Review of the United Kingdom version
Mostly Clear
19 May 2023
I bought from Netlawman because you had what I wanted at a reasonable price . Navigation was a bit tricky and you could check buying from Amazon as the ideal model.
Kerry Ambler
Review of the New Zealand version

Choose the level of support you need

Document Only

Complete the document template yourself using our guidance notes
A$59.00
  • ok This document
  • okDetailed guidance notes explaining how to edit each paragraph
Most Popular

Lawyer Assist

Support from our legal team during and after editing
201 Reviews
A$559.00
  • ok This document
  • okDetailed guidance notes explaining how to edit each paragraph
  • okUnlimited email support - ask our legal team any question related to completing the document
  • ok
    Review of your edited document by our legal team including:
    • reporting on whether your changes comply with the law
    • answering your questions about how to word a new clause or achieve an outcome
    • checking that your use of defined terms is correct and consistent
    • correcting spelling mistakes
    • reformatting the document ready to sign
© 2000 - 2024 Net Lawman Limited.
All rights reserved