Shareholder Agreement Format
Piggy Back Commission: A Piggy Back provision, also known as a “Tag Along” or “co-sale”, applies to majority shareholders who intend to sell a significant portion of their shares. It protects minority shareholders because the buyer must also buy his shares at the same price as the majority shareholder and therefore agrees to buy all the shares. 4. Any shareholder warrants that it will not be prevented from entering into this agreement under laws or other contractual agreements. 13.2 The foregoing prohibition of competition applies for a period of XX Months after a party has ceased to be a shareholder of the company, but not in cases where the company ceases to exist. Minority shareholders are those who do not have much power when it comes to running the company. THE AGREEMENT, dated [DATE OF CONTRACT], is concluded among the following persons, which include all the current shareholders of [CORPORATION] (“Corporation”),: the shareholders` agreement is not a prerequisite for a company, so there is technically nothing that “should” be included in it, insofar as there are no specificities that must be included in it to make it valid. . . .