Shareholders agreements established certain rights and responsibilities of founders and the board of directors.
A shareholders agreement is a legally binding contract between the shareholders of a company that outlines the rights, responsibilities, and obligations of the shareholders with respect to the company.
The main components of a shareholders agreement typically include provisions related to the management and control of the company, the rights and obligations of the shareholders, the transfer and sale of shares, and the resolution of disputes.
A shareholders agreement is important for a company because it helps to establish clear guidelines for how the company will be run and how disputes will be resolved. It also helps to protect the interests of the shareholders and can be used to prevent deadlocks or other conflicts that can arise among shareholders.
A shareholders agreement can be amended or terminated by the mutual agreement of the shareholders, or in accordance with the terms of the agreement itself.