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Commercial Agreements (More Information):
Commercial Agreements
The commercial success of a business depends on the ability of that business – and the persons engaged in it – to manage and maintain the relationships which arise in that business.
Those relationships may be between
• The shareholders, partners and directors of the business or
• Between the business itself and its customers, suppliers or employees
Agreements between shareholders of a limited liability company are called ‘shareholders agreements’. Whether the shareholders are equal, shareholders or minority / majority shareholders, it is vital for the long-term health of the business for there to be properly drawn up, legally binding agreements which are in place so that if and when disputes between shareholders arise (as they often do) there is a pre-agreed procedure in place, either to resolve the dispute, or to enable one party to be bought out by the other, or others, on fair and pre-agreed binding terms. It is a sad and inevitable fact of human nature that if two or more people have ‘fallen out’ they are usually unable to agree on anything, even on procedures to resolve that dispute.
It is therefore greatly preferable to agree these terms before the parties have ‘fallen out’ and are then unlikely to agree the terms of a shareholders agreement that they might have easily agreed before they had fallen out. If you do not have a shareholder’s agreement for the company you have shares in contact us for a free ‘no obligations’ chat.
Because different persons have differing perceptions as to what they require in a shareholders agreement, they usually have to be tailor made for each company.
The same is true in respect of partnership agreements. In addition to shareholders and partnership agreements, we also have expertise in the fields of:
• Franchise agreements
• Business terms and conditions
Remember – a properly drawn agreement, using expert legal assistance, can save on expensive legal bills later, if and when a dispute arises. It may even save your livelihood and future income.
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