Document background
The Put And Call Option Shareholders Agreement is a vital instrument in Irish corporate governance, typically employed when shareholders wish to establish clear mechanisms for future ownership changes. This document is particularly useful in private companies, joint ventures, and investment scenarios where parties need predetermined exit routes or purchase rights. It provides a framework compliant with Irish law for shareholders to either compel the purchase of their shares (put option) or force the sale of others' shares (call option) under specified conditions. The agreement typically includes comprehensive provisions on valuation mechanisms, timing of exercise, completion procedures, and various protective provisions for all parties involved. It's especially relevant in situations involving venture capital investments, family businesses, or strategic corporate partnerships where future ownership flexibility is crucial.
