Document background
The Business Prenup, also known as a shareholders' agreement, is a crucial document for New Zealand businesses with multiple shareholders or partners. It serves as a preventive legal framework that addresses potential future scenarios and conflicts before they arise. This document becomes particularly important when establishing new business partnerships, bringing in new investors, or restructuring existing business relationships. The agreement typically includes provisions for share transfers, decision-making processes, dispute resolution mechanisms, and exit strategies, all structured in compliance with New Zealand's legal framework, particularly the Companies Act 1993 and Contract and Commercial Law Act 2017. The Business Prenup is essential for protecting both majority and minority shareholders' interests while ensuring business operations remain smooth and uninterrupted.
