[Legal Review] Investment Agreement for Co-Founders

Article posted in 2022-07-25 09:48:25 | VEAT

Law firm Veat conducted legal review of the shareholders’ agreement (shareholders’ contract) upon receiving a commission from A, a company specializing in online content production.

Law firm Veat conducted a review to ensure the draft of the shareholders’ agreement (partnership agreement) prepared as the first version by the co-founders, as A was about to proceed with co-founding. In particular, it conducted a comprehensive legal review of clauses such as non-compete, cooperation obligation, stock disposition restriction, first refusal right, and liquidated damages, aiming for a smooth resolution of potential issues that might arise even if the initial partnership begins with good intentions.

Since the shareholders’ agreement (partnership agreement) includes content related to management control, discussing management control with the co-founders in advance and reflecting it in the shareholders’ agreement can be of great help in preventing potential disputes. In addition, it is recommended to reflect clauses such as stock transfer restriction, first refusal right, and liquidated damages through legal experts.

Law firm Veat provides the shareholders’ agreement form and explanatory manual, incorporating the experience gained while providing legal advice to general IT companies and startups. If you draft the first shareholders’ agreement draft based on the explanatory manual and then consult with Law firm Veat for legal review, you can receive legal advice at a reasonable cost.

If you need to draft the shareholders’ agreement (partnership agreement) and conduct legal review, please contact Law firm Veat!

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Law firm Veat