If you're looking to set up a joint venture with equal shareholding and light obligations on the parties, this 4-party shareholders agreement may be just what you need. The agreement outlines the terms that will govern the relations between the parties as shareholders in the new company they will form. The company will be incorporated as a company limited by shares with a name agreed upon by the parties. The authorised share capital will be divided equally between the parties, and the auditors of the company will also be agreed upon.

Completion of the agreement will take place within ten days after the conditions precedent are fulfilled or waived. At that time, the parties will subscribe for their respective shares in cash at par, and the shares will be issued to the parties. The names of the parties will be entered in the company's register of members as the respective holders of the shares subscribed by them, and share certificates will be issued to the parties.

This simple joint venture agreement imposes lighter obligations on the parties, making it suitable for those looking to start a joint venture without the heavy demands of some shareholders' agreements. The agreement is a legal document for joint ventures and serves as a partnership agreement for business ventures. With the agreed-upon terms, this shareholders' agreement is a good choice for anyone looking to draft a simple agreement that will help to establish and carry on business as equal shareholders.

How to use this Document?

If you're planning to establish a Joint Venture Company with equal shareholding and looser obligations, this shareholders' agreement may be the right choice for you. Here's how to use this document:

1. Read the Agreement: Carefully read this document to ensure you understand the terms and conditions that will govern the relationship between you and the other shareholders.

2. Sign the Agreement: Once all parties agree to the terms, all four parties should sign and return a copy of the agreement. It is important to keep a copy of the signed agreement for future reference.

3. Witness the Signatures: To avoid any future disputes, all parties may wish to have their signatures witnessed. This is not a requirement, but it can provide added assurance that the agreement was executed correctly.

4. Amendments: If any of the parties wish to make changes to the agreement in the future, all parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by all parties. This ensures that all parties are aware of the changes and that they have all agreed to them.

By following these simple steps, you can establish a Joint Venture Company with equal shareholding and looser obligations. This shareholders' agreement will help to ensure that all parties are on the same page and that their relationship is governed by clear and concise terms. It's a legal document for joint ventures that serves as a partnership agreement for business ventures. With this agreement in place, you can focus on growing your business and achieving success together.