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Shareholder Agreement Solicitors Brighton and Hove

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Shareholder Agreement Solicitors

What is a shareholders agreement?

Shareholders agreements outline terms and conditions between a company and its shareholders. Examples of these conditions include which shareholders can make company decisions, whether minority shareholders have as much authority in company decisions, and placing restrictions on changes to the nature of the company.

Crucially, shareholders agreements also outline what should happen in the event a shareholder dispute occurs, or the process for what happens to the rights of existing shareholders if more shares are issued.

What does drafting or reviewing a shareholders agreement involve?

We will always insist that clients have an initial consultation with one of our solicitors before drafting a shareholders agreement. This allows us to understand what rights you would like to afford to your shareholders, what protections need to be put in place for majority shareholders, and any nuances specific to your company.

Even if there are only 2 shareholders, each holding 50%, a shareholder’s agreement will outline what should happen if the two of you cannot agree on a certain topic, ensuring your company can continue operating.

When reviewing a shareholders agreement, we will always look to understand what you want to achieve, and whether or not the terms of the existing agreement are fair and enforceable.

How much will it cost to draft or review a shareholders agreement?

A thorough shareholders agreement is essential for any company, and the last thing a business needs is a document that leaves scope for imagination, or evasiveness.

We estimate that to draft a basic shareholders agreement costs upwards of £800 plus VAT.

If there are a large number of shareholders, or different clauses required to differentiate between stock types and shareholder types, this price can increase to over £2,000 plus VAT.

How long does it normally take to draft or review a shareholders agreement?

We aim to have the first draft of a new shareholders agreement with you within 1 to 2 weeks, subject to the complexity of the document.

For more complicated shareholders agreements involving clauses such as competition and tag along/drag along provisions, amongst others, this will increase the time required to produce a first draft.

Your solicitor will always advise how long it will take to draft your agreement during your initial consultation.

Key stages involved in drafting or reviewing a shareholders agreement

Depending on your matter, the typical drafting of a shareholders agreement will involve:

  1. An initial consultation to understand what you seek to achieve from the agreement
  2. Outlining the potential implications for you, each business partner and the company from the proposed agreement
  3. Drafting your initial agreement
  4. Making any adjustments to the agreement to cover any risks and input from other shareholders if relevant
  5. Finalising the agreement, ready to be signed

Depending on your matter, a typical reviewing of a shareholders agreement will involve:

  1. An initial consultation to understand what your understanding of the agreement is and the context in which it was made
  2. Outlining the potential implications for you in the agreement
  3. Advice on any undesirable terms and conditions in the agreement on your behalf.
  4. Re-drafting any particularly onerous clauses within the contract

How Can Our Shareholders Agreement Solicitors Help?

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Solicitors in Brighton Paul

Paul Britton

Head of Commercial Law, Solicitor Director

Solicitors in Brighton Joe

Joseph Navas

Solicitor

Solicitors in Brighton Rory

Rory Lindsay

Paralegal

6 Reasons to Choose Britton and Time’s…

Shareholders Agreement Solicitors

Britton and Time is proudly regulated by the Solicitors Regulation Authority and our solicitors believe in offering no nonsense, common sense advice with up-front pricing. We do this through our 6-point service guarantee:

PROFESSIONAL FEE PROMISE

We will offer fixed fees where possible, and if not, we will state clearly what your case is estimated to cost, alongside hourly rate options so you can judge what works for you

SURPRISE-FREE PRICING

We will inform you when we know there will be third party costs to be paid. If additional third party payments are required, we will always seek your approval first

REASONABLE TIMELINES

We will let you know how long your case will take, what delays you can expect, and our solicitors will always reply to you in a timely manner

BILLING TRANSPARENCY

We bill every month, with detailed accounts of what you are being charged for. Our solicitors are happy to discuss if you have any questions about your bill.

CLEAR CASE MANAGEMENT

Before work starts, we will tell you what work needs to be done to reach the best outcome for you, and what your options are once you reach that point

OBJECTIVE ADVICE

We never take on cases we do not feel we can do justice and if your case does not need a solicitor, we will tell you just that and advise you what your options are

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