Shareholders’ Agreements – what you need to know

Most companies are formed between people who, at the time of formation, are on good terms – otherwise they probably wouldn’t be going into business together! Accordingly, there is often an optimistic view taken that there is no need to document the relationship and agreement between the parties – on the basis that “We won’t fall out”. It is however a sad fact of life that, no matter how close people are at the start of a business venture, friends/family/associates do not always maintain such a rosy relationship forever. This is particularly the case where a business gets into challenging or otherwise critical situations, with the stress that naturally follows.…