The Individual's Shareholders Agreement (Private Company Limited by Shares) is a legally binding document designed to govern the relationship between the different shareholders of a private company in the United Kingdom. This agreement outlines the rights and obligations of each individual shareholder, as well as the procedures for decision-making, transfer of shares, and the resolution of disputes.

This template sets out the provisions for the protection of shareholders' interests, ensuring transparency, fairness, and clarity in the management and operation of the company. It covers a wide range of areas, including the allocation and issuance of shares, restrictions on the transfer of shares, dividend distributions and financial reporting, decision-making procedures, and the appointment and removal of directors.

Furthermore, this agreement addresses issues related to the protection of minority shareholders, such as veto rights, reserved matters, and exit provisions. It may also address matters specific to individual shareholders, such as drag-along and tag-along rights, which provide options for selling shares in the event of a sale of the company or if another shareholder intends to sell their stake.

The Individual's Shareholders Agreement aims to avoid potential conflicts by establishing clear rules and procedures, promoting effective communication and decision-making within the company. It also provides a mechanism for dispute resolution, either through mediation, arbitration, or litigation, to help resolve any disagreements that may arise among the shareholders.

As this template is under UK law, it ensures compliance with relevant legislation and regulations applicable to private companies limited by shares within the jurisdiction. However, it is important to note that individual circumstances and requirements may vary. Therefore, seeking legal advice or customization of the template to suit the specific needs of the shareholders and their company is strongly recommended.

How it works

Create doc / use template

Chat to our AI Legal Assistant

Edit, collaborate & share

Export to .docx

PRODUCT HUNT
#1 Product of the Day

Try using Genie's Free AI Legal Assistant

Generate quality, formatted contracts with AI

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

Let our Legal AI make 
edits for you

Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.

AI review

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

See Genie AI in action

Book your personalised demo now

Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue



Click here to book your personalised demo now.

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to: https://bit.ly/GenieAIDemo

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.

Similar legal templates

Tender Invitation For Procurement of Services

This legal template could be a document that outlines the process for inviting bids or proposals from interested parties for the procurement of services, in accordance with UK law. It may include details such as the scope of services required, evaluation criteria, submission requirements, timeline, terms and conditions, and any other relevant information necessary for potential suppliers to submit their proposals. The template would likely specify the legal framework and regulations that need to be followed during the procurement process, ensuring fairness, transparency, and adherence to UK law. Overall, this template aims to provide a comprehensive and legally compliant framework for conducting a competitive procurement process for services within the UK jurisdiction.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales

Van Driver Contract

This Van Driver contract template is designed for a commercial driving organisation (or an individual van driver) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of driving and driving-related services to be completed by the van driver on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the driving firm or individual van driver on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).

Read More

Publisher

Genie AI

Jurisdiction

England and Wales

Unilateral Undertaking (Section 106)

The Unilateral Undertaking (Section 106) legal template pertains to an essential provision under UK law that addresses planning obligations associated with development projects. As part of the planning permission process, local planning authorities in the UK may impose conditions or obligations on developers to ensure the project's positive impact on the community and environment. Section 106 of the Town and Country Planning Act 1990 enables authorities to require unilateral undertakings from developers, meaning legally binding commitments made solely by the developer.

This legal template sets out the framework for such unilateral undertakings, which typically involve financial contributions, provision of public amenities, or other actions that mitigate or compensate for the development's effects. The template comprehensively outlines the necessary sections, including the introduction, definitions, agreements, obligations, enforcement mechanisms, and termination clauses.

By utilizing this legal template, both developers and local planning authorities can ensure clarity, fairness, and compliance with legal requirements during the negotiation, drafting, and finalization of unilateral undertakings. It enables the provision of detailed obligations that developers must fulfill, ensuring the necessary infrastructure and community benefits are delivered alongside the development project.

Overall, the Unilateral Undertaking (Section 106) legal template plays a vital role in harmonizing the interests of urban development and the well-being of communities in the UK by providing a standardized, comprehensive, and legally binding mechanism to ensure developers fulfill their obligations for the benefit of all stakeholders involved.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales