Document background
A Unanimous Shareholder Agreement (USA) is essential when all shareholders wish to establish clear rules for company governance and shareholder relationships. This document is particularly relevant under English and Welsh law when shareholders want to supplement or modify their statutory rights, establish specific procedures for share transfers, or create additional protections beyond those provided in the Articles of Association. The USA typically includes provisions for decision-making processes, share valuation methods, exit mechanisms, and dispute resolution procedures. It's commonly used in private companies where shareholders have a close working relationship and want to ensure all parties have agreed to specific terms of operation and governance.
