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Shareholders’ Agreements – Fixed Fee

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“We encourage you to seek legal advice before going into business with your co-owners. This will help to reduce the potential for disagreements or have in place a mechanism for dealing with disagreements without the need for expensive, stressful and risky court proceedings.” – Kush Birdi

Fixed Fee Shareholders’ Agreement and complementary estate planning consultation*

We are currently offering a fixed fee shareholders’ agreement service. We operate a Standard Fee which applies to shareholders’ agreements covering off a prescribed set of issues. We will send a questionnaire to you to complete and return to us to help us draft your agreement.

Inclusive within this offer is a 30-minute free consultation on estate planning with a member of our Private Client Team (an accredited member of the Law Society’s Wills and Inheritance Quality Scheme (WIQS)).

This means that, when you instruct us to prepare your shareholders’ agreement, not only will you benefit from a fixed price but, upon us starting the work, we will provide your details to the Private Client Team who will contact you to arrange your free 30-minute consultation.

To find out more about this service, please click here to submit your details.

*Additional or bespoke terms to be included will attract a Bespoke Fee, which we will add on as an additional fixed amount to our Standard Fee. Terms will apply.

Why (or when) someone would need this service?

A well-drafted shareholders’ agreement will identify the objectives of the shareholders and agree how control should be exercised within the company. It will also be designed to “deal with the unexpected”.

We will advise you in relation to these and other issues surrounding the relationship between shareholders such as:

  • Transfer of shares: requiring the shareholders to offer their shares to existing shareholders, pro rata their holdings, before they can be transferred or sold to anyone else, or in any other proportions.
  • Termination of the employment or directorship of a shareholder: some agreements provide for ‘bad leaver’ or ‘early leaver’ provisions under which shares may be transferred back to the company by the outgoing shareholder at a reduced value.
  • Death of a shareholder: usually his or her shares will pass under their will or on intestacy. Some agreements contain option agreements to enable or require the continuing shareholders to buy the shares from the deceased shareholder’s estate.
  • Bankruptcy of a shareholder: his or her shares will form part of the bankrupt’s estate. The trustee in bankruptcy will want to sell these shares for the benefit of the creditors.  The shareholders’ agreement may contain provisions to deal with this.
  • Dispute resolution provisions: these will require the parties to try to resolve any disagreements by way of negotiation or mediation (or other form of alternative dispute resolution) before legal proceedings can be initiated.

How does the process work and what are the steps?

Usually we provide a questionnaire to get the shareholders thinking about how they wish to regulate their relationship. We would decide at an early stage whether we can represent all the shareholders or whether some may need to seek independent advice due to any perceived conflict of interest.

We would either produce a draft agreement or comment on a draft agreement produced by the other party’s solicitors to ensure that it meets the requirements.

How long does it take?

This depends upon the complexity of the arrangements but generally we would hope that it could be dealt with within four weeks.

Why are Grant Saw the best people for the job?

Our lawyers are highly competent in company law. We are familiar with simple and complex shareholder arrangements and can suggest a broad range of contractual ways to regulate your business relationship. We also understand the most common ways that disputes between shareholders arise and we seek to draft shareholders’ agreements with a view to reducing the potential for those scenarios arising in your business.

With these tools at our disposal, you can enter into business with the confidence that your rights and obligations are fairly balanced with your co-shareholders (even if you own a minority share).

Meet the Shareholders’ Agreements – Fixed Fee team
Ray Crudgington
Managing Partner
greenwich
02083054224
ray.crudgington@grantsaw.co.uk
Maria Lati
Partner
Head of Residential Property
blackheath
02083054229
maria.lati@grantsaw.co.uk
Mike Clary
Partner
Head of Family
greenwich
02083054237
mike.clary@grantsaw.co.uk
Kalpa Prajapati
Partner
Head of Private Client
blackheath
02083053536
kalpa.prajapati@grantsaw.co.uk
Mario Savvides
Partner
Head of Commercial Property
greenwich
02083053531
mario.savvides@grantsaw.co.uk
Sarah-Kate Jackson
Partner
Head of Litigation
greenwich
02083054236
sarah-kate.jackson@grantsaw.co.uk
Adina-Leigh Collins
Litigation
Solicitor
greenwich
02083053556
adina-leigh.collins@grantsaw.co.uk
Aimal Gram
Commercial Property
Solicitor
greenwich
02083053524
aimal.gram@grantsaw.co.uk
Aisha Mohammed
Residential Property
Solicitor
greenwich
02083054228
aisha.mohammed@grantsaw.co.uk
Aishat Balogun
Aishat Balogun
Family
Solicitor
greenwich
02083054214
aishat.balogun@grantsaw.co.uk
An Le Tran
Commercial Property
Professional Support Solicitor
greenwich
02083054226
anle.tran@grantsaw.co.uk
Angus Young
Litigation
Solicitor
greenwich
02083054225
angus.young@grantsaw.co.uk
Atifha Aftab
Atifha Aftab
Family
Solicitor
greenwich
02083054238
atifha.aftab@grantsaw.co.uk
Bimal Kotecha
Litigation
Solicitor
greenwich
02083053523
bimal.kotecha@grantsaw.co.uk
Charlotte Mandy
Charlotte Warren
Private Client
Solicitor
blackheath
02083054231
charlotte.warren@grantsaw.co.uk
Claire Mac Mahon
Litigation
Solicitor
greenwich
02083053537
claire.macmahon@grantsaw.co.uk
Deborah Taite
Residential Property
Solicitor
blackheath
02083053542
deborah.taite@grantsaw.co.uk
Emily Pearce
Residential Property
Solicitor
greenwich
02083053526
emily.pearce@grantsaw.co.uk
Georgia Beales
Litigation
Paralegal
greenwich
02083054206
georgia.beales@grantsaw.co.uk
James McKimm
James McKimm
Corporate and Commercial
Solicitor
greenwich
02083054217
james.mckimm@grantsaw.co.uk
Jeremy Brooks
Jeremy Brooks
Private Client
Solicitor
blackheath
02083053534
jeremy.brooks@grantsaw.co.uk
Joanna Godden
Notary Public
Notary
greenwich
02083083535
joanna.godden@grantsaw.co.uk
Kim Whitaker
Kim Whitaker
Corporate and Commercial
Head of Corporate and Commercial
greenwich
02083053539
kim.whitaker@grantsaw.co.uk
Laura Danquah
Compliance Manager
greenwich
02083054222
laura.danquah@grantsaw.co.uk
Lauren Smith
Employment and Family
Paralegal
greenwich
02083053543
lauren.smith@grantsaw.co.uk
Mandeep Clair
Family
Solicitor
greenwich
02083054235
mandeep.clair@grantsaw.co.uk
Michael Pope
Employment
Consultant Solicitor
greenwich
02083053540
michael.pope@grantsaw.co.uk
Michelle Pinnington
Michelle Pinnington
Residential Property
Solicitor
greenwich
02083054216
michelle.pinnington@grantsaw.co.uk
Noella Gooden
Employment
Solicitor (Australian qualified)
greenwich
02083053543
noella.gooden@grantsaw.co.uk
Raj Waghela
Raj Waghela
Residential Property
Solicitor
greenwich
02083053529
raj.waghela@grantsaw.co.uk
Randeep Thethy
Randeep Thethy
Residential Property
Solicitor
greenwich
02083054209
randeep.thethy@grantsaw.co.uk
Ruggero Pesciatini
Ruggero Pesciatini
Corporate and Commercial
Paralegal
greenwich
02083054220
ruggero.pesciatini@grantsaw.co.uk
Sarah Conner
Sarah Conner
Private Client
Solicitor
blackheath
02083054234
sarah.conner@grantsaw.co.uk
Simran Lalli
Simran Lalli
Employment
Solicitor
greenwich
02083054208
simran.lalli@grantsaw.co.uk
Susan Collins
Commercial Property
Solicitor
greenwich
02083054200
susan.collins@grantsaw.co.uk
Tatiana Zenina
Tatiana Zenina
Private Client
Solicitor
blackheath
02083054239
tatiana.zenina@grantsaw.co.uk
Trisha Djemal
Trisha Djemal
Residential Property
Consultant Solicitor
blackheath
02083053546
trisha.djemal@grantsaw.co.uk
Tyrone Grant
Residential Property
Head of Leasehold Enfranchisement
blackheath
02083053522
tyrone.grant@grantsaw.co.uk
Denise
Accounts Staff
greenwich
02088586971
enquiries@grantsaw.co.uk
Jayne Lye
Support Staff
Office Manager
greenwich
02083054204
jayne.lye@grantsaw.co.uk
Jamie
Support Staff
Head of IT
greenwich
02088586971
enquiries@grantsaw.co.uk
Kasia
Accounts Staff
greenwich
02088586971
enquiries@grantsaw.co.uk
Michael Tobin
Michael Tobin
Support Staff
Marketing and Business Development Manager
greenwich
02083053550
michael.tobin@grantsaw.co.uk
Sue Holness
Support Staff
Customer Services
greenwich
02083054221
sue.holness@grantsaw.co.uk