Every business can experience disagreements and disputes from time to time, so it’s essential to ensure there is watertight and comprehensive documentation which allows problems to be resolved amicably. A Shareholders Agreement is a key contract which sets out the bespoke arrangements which are specific to your company. Issues such as deadlock, losses and mismanagement, expansion, business expectations and exit should be clearly documented within a Shareholder Agreement.

Our legal team of commercial law experts can help you to draft a new Shareholders Agreement that reflects the needs of your business. We can also review an existing Shareholders Agreement to check for missing information or weak points.

For more information about our commercial law services please call us on +44 (0)20 3475 6751 or email

More information on Shareholders Agreements

Does your business have a shareholders agreement in place? We can help with drafting or updating your shareholder agreement, as well as answering any questions.

Sometimes referred to as a stockholder’s agreement, a shareholders agreement describes the operation of the company and sets out in writing the obligations and rights of the shareholders. It also covers the sale of the shares in the company. A shareholders agreement is specific to your company and supersedes the standard articles of association.

A shareholders agreement is not legally compulsory, but if there are two or more shareholders in the business, it’s strongly recommended. You won’t need to file the shareholders agreement at Companies House.

What to include

A shareholders agreement can be created at any point during the lifetime of the company; it can also be reviewed and updated. It’s therefore advisable not to defer creating an agreement because of anticipated changes because in the event of a disagreement, it may be crucial.

Some of the areas you might want to consider for inclusion in your shareholders agreement are:

  • Process for new shareholders to join
  • Process for the issue of new shares
  • How shares can be bought or sold, including forced sales
  • Any restrictions which apply to the transfer of shares
  • The dividend policy for the business, including what proportion of profits will be retained
  • Changes to the Articles of Association
  • Using company assets to facilitate borrowing, or large-value loans
  • The make-up of the board of directors and the terms of their remuneration
  • How the value of shares will be calculated
  • How the business can re-purchase shares back from a shareholder
  • Whether minority shareholders will be permitted a veto on key issues
  • The dispute resolution process if the share value cannot be agreed
  • The activities the company will partake in
  • Future borrowing and funding
  • Any decisions which require a unanimous decision from all shareholders
  • Disposal or acquisition of premises
  • How illness or other interruptions to a shareholder’s capability will be managed
  • Removal or appointment of directors
  • Winding up of the company
  • Process for resolving a management deadlock on operational or strategic issues
  • Timescales and exit routes

Whether you are considering updating your shareholders agreement or creating a brand new agreement, we can help to ensure the document is legally viable and executable.


Preea Jutla

Commercial Solicitor

t: +44 0203 649 9016

Hammad Naveed

Senior Associate Solicitor

t: +44 020 3475 2729
m: +44 07377 190 406

Reena Popat

Managing Partner

t: +44 020 3475 2724 
m: +44 07931 347 854

Kate Beech

Partner, Corporate Commercial

t: +44 020 3093 0872
m: +44 07908 078 025

Paul Harris

Senior Associate Solicitor

t: +44 020 3093 0873


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We have advised a start up social media company secure a lucrative services agreement with one of the largest broadcasting companies in the MENA region

Advised clients on all types of commercial contracts ranging from supplier contracts, distribution contracts, manufacturing agreeements, joint ventures and more with a combined value of over £1bn

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All our clients benefit from the same high level of care and attention whether the instruction is big or small. At the outset of each matter, we discuss the entire process with our clients, including the costs, potential outcomes and issues associated. This is to ensure clients are fully aware, knowledgeable and are in control always. Supporting and ensuring we provide the highest level of services, we offer our constant contact process with the partner or barrister leading  your file, a document log in for matters which are for larger and more complicated instructions and on-going support post transaction should our clients require it. Our aim is not just to get the work done, but to make our clients’ lives easier as we do it, which is why we ensure that our clients have regular access to the resources they need from us.


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