50 50 Shareholder Agreement Template for Australia

1. Tag Along and Drag Along Rights: Optional provisions for share sale scenarios, particularly useful if future sale is contemplated

2. Non-Compete and Non-Solicitation: Restrictions on competitive activities, recommended if shareholders are active in the industry

3. Intellectual Property Rights: Specific IP provisions if the company's business is IP-intensive

4. Employment of Shareholders: Terms for shareholders who are also employees of the company

5. Put and Call Options: Specific share purchase rights, useful for providing additional exit mechanisms

6. Business Plan and Budget: Provisions regarding annual business planning, if detailed oversight is required

7. Related Party Transactions: Rules for dealing with related party transactions, if shareholders have other business interests

8. Insurance Requirements: Specific insurance obligations, important for high-risk businesses

9. Social Media and Public Relations: Guidelines for public communications, important for consumer-facing businesses

1. Schedule 1 - Company Details: Details of company registration, share capital, and current shareholdings

2. Schedule 2 - Reserved Matters: List of decisions requiring unanimous shareholder approval

3. Schedule 3 - Tag and Drag Along Procedures: Detailed procedures for implementing tag and drag along rights

4. Schedule 4 - Deed of Accession: Template deed for new shareholders joining the agreement

5. Schedule 5 - Valuation Methodology: Agreed method for valuing shares in various scenarios

6. Schedule 6 - Business Plan: Initial business plan and format for future plans

7. Schedule 7 - Shareholders' Loans: Details of any existing shareholder loans and terms

8. Schedule 8 - Key Performance Indicators: Agreed business performance metrics and targets

9. Appendix A - Board Meeting Procedures: Detailed procedures for conducting board meetings

10. Appendix B - Share Transfer Notice: Template for notice of intention to transfer shares