Shareholders agreement for startups: Sample template for Ontario startups
Once your startup has negotiated and signed back a term sheet with an investor, the process of ensuring that you have all the proper legal documents will begin. Several key documents must be drafted, negotiated and finalized before an investor will cut a cheque for your business. One of these documents is the shareholders agreement.
A shareholders agreement regulates:
- Management of the corporation
- Procedural matters
- Covenants of the corporation
- Dealing with shares
- Provisions for the resolution of any future disputes between shareholders
MaRS has created a sample template of a shareholders agreement to help streamline business for startups, investors, founders and their respective legal advisors. While MaRS makes this document available for educational purposes and to facilitate the negotiation of terms between investors and startups, the template is yours to use at your own risk. Please see the disclaimer below.
Sample shareholders agreement template
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