A confidential and extra-statutory document, the shareholders' agreement is the keystone of corporate governance. It allows anticipating conflicts and organizing share movements.
Financial Clauses and Governance Clauses
A good agreement must provide for pre-emption and approval clauses, but also exit mechanisms (Buy or Sell, liquidity clause). regarding governance, it can define a veto right on certain strategic decisions for minority shareholders.
The Bad Leaver Clause
Often dreaded by executives, the Bad Leaver clause provides for the conditions of share repurchase in case of wrongful departure. Its drafting must be precise to avoid any judicial challenge. The Pierre Lavie firm accompanies you in the tailor-made drafting of these complex acts.
Back to Articles