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This is a three-party Shareholders' Agreement for a Joint Venture Company that provides standard clauses for minority protection and is drafted in Neutral Form. The parties involved have agreed to form a jointly-owned company, which will acquire specific rights and assets and conduct business according to the terms of this agreement. The relationship between the shareholders will be governed by the provisions of this agreement.
Upon completion of this agreement, the parties will cause the company to be incorporated as a limited liability company with the agreed name, memorandum, articles, authorized share capital, registered office, and auditors. Completion will take place within 10 days after the Conditions Precedent is fulfilled and the parties will subscribe for the respective shares, issue the shares, and enter the names of the parties in the company's register of members.
It is important for all parties to carefully read this agreement, sign and return a copy, and keep a copy for their records. To avoid future disputes, the parties may choose to have their signatures witnessed. In case of any future amendments, all parties must agree and record the changes in writing, signed by all parties.
Using this three-party Shareholders' Agreement is simple. First, all parties involved in the Joint Venture Company should carefully read the agreement. Once all parties have a good understanding of the agreement's terms and conditions, each party should sign and return a copy. After all three parties have signed the agreement, each party should receive a copy.
To prevent any potential disputes in the future, it's recommended that all signatures be witnessed. This helps to ensure that all parties fully understand the agreement and have agreed to its terms.
In the event that any party wishes to make changes to the agreement, all parties must agree to the amendment. The original agreement and any amendments should be recorded in writing and signed by all parties involved.
By following these steps, you can use the three-party Shareholders' Agreement to establish a Joint Venture Company with confidence. By having a clear understanding of the agreement and ensuring all signatures are witnessed, you can avoid any potential disputes and ensure a smooth working relationship between all parties involved.