Unitholders agreement
What is covered in a Unitholders Agreement?
Price: $POA
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Those who own a business jointly with another person via a unit trust should have a unitholders agreement in place. When the parties inevitably want to reconsider their options, they find that there is little regulation in this area, which makes the agreement a critical instrument governing the relationship.
Our unit agreements may cover, amongs other this, the contributions of each party, the structure and management of the trust, the rules dictating the trust's operation and cessation and instructive clauses that are triggered by unforeseen circumstances such as the death of a principal of the business.
As most unit trusts have a corporate trustee the agreement must also deal with the shares in the company.
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