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Without a Shareholders Agreement, scrutiny can be remarkably limited, leaving shareholders with few remedies should they question the company’s direction. This is where a robust Shareholders Agreement is important.

Key Benefits of a Shareholders Agreement with Franklins Solicitors

At Franklins Solicitors, we understand the unique dynamics of your business and its stakeholders. Our Business Services team specialises in creating Shareholders Agreements that offer comprehensive protection and clarity for all parties involved. By choosing Franklins Solicitors, you benefit from:

  • Bespoke Shareholder Agreements: Tailored specifically to the needs and nature of your business and its shareholders.
  • Expert Drafting: Inclusion of vital provisions such as confidentiality clauses, non-compete stipulations, and contingency planning.
  • Protection for Your Investment: Whether you’re an investor, operator of an owner-managed business, or starting a new business with family or close associates.

Why a Shareholders Agreement is Essential

  1. Unanimous Decision Making: Certain critical business decisions require the unanimous consent of shareholders, ensuring all voices are heard and considered.
  2. Clarity and Direction: Provides a clear roadmap for handling complex situations, guarding against potential disputes and misunderstandings.
  3. Dispute Prevention: Thoughtfully addressed potential challenges within the agreement act as a pre-emptive measure against conflicts, saving time, resources, and relationships.

Dealing with Disputes

Prevention Over Cure: With more than 40+ years of experience working with Directors and Shareholders, we are familiar with the business scenarios that can lead to disputes. With a Shareholders Agreement, pre-emptive measures are embedded to mitigate conflict, safeguarding your business’s future against unforeseen circumstances.

In the unfortunate event that disputes arise, our litigation team can advise on navigating these complex situations. Whether it’s a breach of agreement or the absence of one, we prioritise resolving issues efficiently and amicably, avoiding court intervention whenever possible.

Contact Franklins about Shareholder Agreements

Secure Your Business’s Future: A well-written Shareholders Agreement is not just a legal formality; it’s a foundation for your business’s success and stability. With Franklins Solicitors, you’re choosing partners who are invested in your business’s wellbeing and future. Engage with our Business Services team to create an agreement that reflects your business’s aspirations and values.

Ready for a Consultation?: Whether you’re setting up a new business or looking to add protection to an established business, we’re here to ensure your interests are protected.

Contact Us: We’re a dedicated team of expert legal professionals that stands by your business. Email or call Franklins Solicitors for a comprehensive discussion on how a Shareholders Agreement can benefit you.

Take the step towards securing your business’s future. With Franklins Solicitors, explore how a bespoke Shareholders Agreement can be the answer to safeguarding your investment and aligning shareholder interests with the strategic vision of your company.

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Frequently Asked Questions about Shareholder Agreements

What is a Shareholder Agreement?

A shareholder agreement is a legally binding document between all or some of the shareholders of a company, and often, the company itself. It outlines the shareholders’ rights, responsibilities, and obligations, providing a framework for the company’s operational processes and decision-making. Typically, it covers aspects such as the management of shares, resolution of disputes, dividend policies, and procedures for buying and selling shares. This agreement is crucial for preventing conflicts among shareholders and ensuring the smooth operation of the company.

How can Franklins Solicitors assist with Shareholder Agreement-related legal matters?

Franklins Solicitors offers comprehensive services for drafting, reviewing, and amending shareholder agreements. We can assist with:

  • Tailoring agreements to fit the specific needs and circumstances of your business.
  • Advising on the legal implications of each clause and ensuring the agreement aligns with current laws and regulations.
  • Negotiating terms on behalf of shareholders or the company.
  • Resolving disputes arising from existing agreements.
  • Updating agreements in response to changes in the business structure or legislation.

What is included in your Shareholder Agreement services?

Our services include:

  • Initial consultation to understand your business and shareholder dynamics.
  • Drafting of a customised shareholder agreement.
  • Review and amendment of existing agreements.
  • Legal advice on the implications of shareholder agreements.
  • Representation in negotiations or disputes related to the agreement.

What are the costs involved?

Costs vary depending on the complexity of the agreement, the level of customisation required, and whether additional services like dispute resolution are needed. We offer an initial consultation at a fixed rate, after which we provide a transparent quote based on the scope of services required.

How long does it take to draft or review a Shareholder Agreement?

The time frame depends on the agreement’s complexity, the number of parties involved, and how promptly we receive necessary information and feedback. Typically, drafting a new agreement might take a few weeks, whereas reviewing and amending an existing agreement could be completed in less time.

Why should I choose Franklins Solicitors for my Shareholder Agreement needs?

Choosing Franklins Solicitors means benefiting from our:

  • Deep expertise in corporate law and specific experience with shareholder agreements.
  • Customised approach that ensures your agreement is tailor-made to fit your business needs.
  • Proactive communication and dedication to understanding your business goals.
  • Commitment to providing clear, practical legal advice without the jargon.

How do I get started with Franklins Solicitors for my Shareholder Agreement?

To get started, contact us to schedule an initial consultation. You can reach us via phone, email, or through our website’s contact form. During this consultation, we’ll discuss your needs, outline our services, and explain the next steps.

Contact the Franklins Business Services team

If you have any questions about business services, please don’t hesitate to contact our team of experts who are on hand and ready to help you.