Document background
The Startup Shareholder Agreement is a fundamental document for New Zealand startup companies, typically implemented during company formation or early investment rounds. It serves as the cornerstone agreement between shareholders, establishing their rights, responsibilities, and relationships while ensuring compliance with New Zealand corporate law, particularly the Companies Act 1993. This agreement is essential when multiple founders are involved, when bringing in new investors, or when establishing employee share schemes. The document typically addresses key issues such as share transfer restrictions, decision-making processes, protection of minority interests, and exit mechanisms. It's particularly crucial for startups planning future investment rounds or potential exits, as it provides clarity and certainty for all stakeholders while maintaining flexibility for company growth.
