Trading as Avery Walters Ellis Solicitors 
Trading as Powell Eddison Solicitors 

Leeds Lawyers Advice for Partnership & Shareholder Agreements 

If you are going into business with another person or persons, you might need a partnership and shareholder agreement to make sure you get a fair return for your financial or non-financial investment. 
Why have a Partnership Agreement or Shareholders Agreement? 
A shareholders agreement is a contract between the shareholders (and, usually, the company as well) which governs the relationship between the shareholders and places some element of control over the day to day business of the company. A shareholders agreement will commonly provide for the following: 
Restrictions on shareholders selling their shares 
The ability to force certain shareholders to sell their shares to the others. This can be useful if there is a shareholder who is not “pulling their weight”, commits some wrongdoing, or in the event of the death or bankruptcy of a shareholder 
Determination of the correct price to be paid for shares should a shareholder wish (or be forced) to leave the company 
Restrictions on the issue of new shares 
Rights of shareholders to nominate a director of the company 
Restrictions on the way the company does business, for example in the spending of large sums or committing to big contracts, or employing staff on excessive salaries 
Restrictions on what shareholders may do outside the company. 
If there is no shareholders agreement in place, for as long as shareholders agree with the way the company’s affairs are managed and are happy with the relationships between themselves and the company, then no problems are likely to occur. However, when these matters break down, there is little in the general law than can be of much help – often the solution is drastic and results in the company ceasing to exist, or the shareholders engaging in lengthy and expensive legal battles. While a shareholders agreement cannot prevent every dispute, they can be a very useful tool in avoiding and managing such difficulties. 

Contact us to arrange your Partnership & Shareholder Agreement 

Our Commercial team are very experienced in advising on and preparing partnership and shareholder agreements. So if you’re looking for expert legal advice for your business, call us today on 0113 200 7480 or use our online contact form below. Our Commercial Law Solicitors will be able to help you to draw up shareholder & partnership agreements should the case arise. 
Contact us on 0113 200 7480 or email us on info@averywalters.com to arrange your free initial, no obligation consultation with a specialist lawyer. 
Andrew Parascandolo 
Managing Director 


Phone: 0113 200 7480 
Email: ap@averywalters.com 
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* Laura Stafford is the SFE accredited memberand a full member of STEP 
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