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Company Ownership Contract
"I need a Company Ownership Contract for my tech startup with three co-founders, where we want to include specific provisions for future investment rounds and a clear exit strategy in case any founder wants to leave by March 2025."
1. Parties: Identification of all parties involved in the ownership agreement, including full legal names and registered addresses
2. Background: Context of the agreement, including company details and purpose of the ownership arrangement
3. Definitions: Defined terms used throughout the agreement, including technical and legal terminology
4. Share Structure: Detailed provisions regarding share classes, rights attached to shares, and share capital structure
5. Transfer Restrictions: Rules and procedures governing the transfer of shares, including pre-emption rights and approval requirements
6. Management Rights: Decision-making processes, voting rights, and management structure of the company
7. Exit Provisions: Procedures and terms for shareholder exits, including share sale processes and valuation methods
1. Tag-Along Rights: Provisions allowing minority shareholders to join in the sale of shares on the same terms as majority shareholders
2. Drag-Along Rights: Provisions enabling majority shareholders to force minority shareholders to join in a company sale
3. Non-Compete Provisions: Restrictions on shareholders engaging in competitive activities during and after their ownership
4. Dividend Policy: Framework for determining and distributing company dividends to shareholders
5. Deadlock Resolution: Procedures for resolving situations where shareholders cannot reach agreement on key decisions
1. Schedule 1 - Share Capital Table: Detailed breakdown of shareholdings, including number of shares, classes, and percentage ownership
2. Schedule 2 - Articles of Association: Current or amended Articles of Association of the company
3. Schedule 3 - Shareholders' Information: Complete details of all shareholders including PSC (People with Significant Control) information
4. Schedule 4 - Reserved Matters: List of decisions requiring special majority or unanimous shareholder approval
5. Schedule 5 - Deed of Adherence: Template document for new shareholders to sign when joining the agreement
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