Shareholders Agreement

(Shareholders Agreement, Comprehensive -- long form)

This Agreement is also included in the firms101 Business Legal Documents pack

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To use a contract, simply insert all relevant details in the appropriate space and go to print. It's that simple!

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SHAREHOLDERS AGREEMENT. THIS AGREEMENT made this _____________ day of _______________, 20_____, by and between

[FIRST SHAREHOLDER NAME] (the "First Shareholder")

[SECOND SHAREHOLDER NAME] (the "Second Shareholder")

[THIRD SHAREHOLDER NAME] (the "Third Shareholder"),

hereinafter "Shareholders" of ______________________________,

with its principle offices at____________________________________ hereinafter "Company".

W I T N E S S E T H:

WHEREAS, the parties believe it is in their best interest to unanimously agree to terms below related to the operation, management and control of the Company in order to achieve harmonious balance and direction.

NOW THEREFORE, the parties agree to the following:

1. The Shareholders agree to maintain company records "books" status of the Company for commonwealth tax purposes throughout a period of five ( 5 ) years from the date hereof unless seventy-five percent ( 75% ) of outstanding stock of the Company is voted in such a manner as to consent to the revocation of such status.

2. The parties hereto agree to execute a Buy Sell Agreement between and mutually acceptable by the parties.

3. For a period of five (5) years from the date of this Agreement, the Shareholders as Directors shall, unless one is either no longer a Shareholder, or unable or unwilling to___

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