SHAREHOLDERS’ AGREEMENT

SHAREHOLDERS’ AGREEMENT

Many businesses do not collapse because they ran out of money, but because the owners never agreed on what would happen when things stopped going well.

At the beginning, everyone is happy. Friends become business partners, family members invest together, promises are confidently made and difficult conversations are ignored.

Nobody expects quarrels over profits, decision-making, share transfers or the future of the company/partnership.

Then the business begins to grow and one shareholder wants to sell, another wants to expand while a third believes he deserves a larger share of profits.

Now the friendship that built the business is tested because the rules were never clearly written down.

That is why every serious business needs a Shareholders’ Agreement.

A Shareholders’ Agreement is a legally binding contract that states the rights, duties and expectations of shareholders.

It sets out ownership rights, voting powers, profit-sharing, share transfers, dispute resolution and other key rules that govern the business relationship.

A poorly drafted agreement can have loopholes that lead to disputes, deadlocks and litigation.

Every clause must be well tailored to the business, its shareholders and its long-term goals.

Get a Business Lawyer to prepare a comprehensive Shareholders’ Agreement.

At Apex Chambers, Barristers and Attorneys in Port Harcourt, Nigeria, we believe a successful business is built on legal foundation that protects relationship.

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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors, Advocates, Counsel and Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria

Phone: +234(0)7030868694 (Calls and Whatsapp)
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com