Document background
The Restaurant Shareholder Agreement is essential for any restaurant business in New Zealand with multiple owners, whether they are active in the business operations or passive investors. This document is typically used when establishing a new restaurant venture or when restructuring ownership of an existing establishment. It provides a comprehensive framework for corporate governance, operational management, and dispute resolution, while addressing industry-specific considerations such as food service licenses, menu and recipe ownership, and restaurant premises arrangements. The agreement ensures compliance with New Zealand corporate law while protecting all shareholders' interests and maintaining clear operational guidelines for the restaurant business. It is particularly important for restaurants with chef-shareholders or family-owned establishments where roles and responsibilities need clear definition.
