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LLC Shareholder Agreement
"I need an LLC Shareholder Agreement for a Saudi Arabian technology startup with three individual shareholders and one corporate investor, including specific provisions for future funding rounds and tech IP protection, to be implemented by March 2025."
1. Parties: Identification of all shareholders and the company, including their full legal names and addresses
2. Background: Context of the agreement, company formation details, and purpose of the arrangement
3. Definitions and Interpretation: Defined terms used throughout the agreement and rules of interpretation
4. Share Capital and Shareholders: Details of share capital, shareholding percentages, and classes of shares
5. Management and Decision Making: Governance structure, manager appointments, and decision-making processes
6. Shareholders' Meetings: Procedures for general assemblies, voting rights, and meeting requirements
7. Transfer of Shares: Share transfer restrictions, right of first refusal, and transfer procedures
8. Pre-emptive Rights: Rights of existing shareholders in new share issuances
9. Deadlock Resolution: Procedures for resolving fundamental disagreements between shareholders
10. Dividend Policy: Rules governing profit distribution and dividend declarations
11. Reserved Matters: Actions requiring special shareholder approval
12. Confidentiality: Obligations regarding company and shareholder information
13. Term and Termination: Duration of the agreement and termination circumstances
14. Governing Law and Dispute Resolution: Applicable law and dispute resolution mechanisms
1. Tag-Along Rights: Include when minority shareholder protection is required for share sales
2. Drag-Along Rights: Include when majority shareholders may need to force minority participation in a sale
3. Put and Call Options: Include when shareholders want specific share purchase/sale rights
4. Non-Competition and Non-Solicitation: Include when shareholders are involved in similar businesses
5. Intellectual Property Rights: Include when the company has significant IP assets
6. Emergency Funding Provisions: Include when additional capital contributions might be needed
7. Shareholder Services: Include when shareholders will provide services to the company
8. Exit Strategy: Include when specific exit mechanisms are planned
9. Shariah Compliance: Include detailed provisions when strict Shariah compliance is required
1. Schedule 1 - Details of the Company: Company registration details, address, and commercial registration information
2. Schedule 2 - Initial Shareholders and Shareholding: List of shareholders with their respective shareholdings and capital contributions
3. Schedule 3 - Reserved Matters: Detailed list of decisions requiring special approval
4. Schedule 4 - Business Plan: Initial business plan and key objectives
5. Schedule 5 - Articles of Association: Copy of or reference to the company's Articles of Association
6. Schedule 6 - Deed of Adherence: Template for new shareholders joining the agreement
7. Schedule 7 - Share Valuation Methodology: Agreed method for valuing shares in transfer scenarios
8. Schedule 8 - Key Management Positions: Description of key management roles and appointment rights
Authors
Real Estate
Manufacturing
Technology
Retail
Professional Services
Healthcare
Construction
Hospitality
Trading
Education
Logistics
Financial Services
Consulting
Energy
Telecommunications
Legal
Corporate Governance
Executive Leadership
Finance
Compliance
Risk Management
Corporate Affairs
Investment
Business Development
Board Secretariat
CEO
Managing Director
Legal Counsel
Corporate Secretary
Chief Financial Officer
Compliance Officer
Board Member
General Counsel
Investment Manager
Business Development Director
Company Manager
Shareholder Relations Manager
Risk Manager
Corporate Governance Officer
Legal Director
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