The Restrictive Covenants Shareholders Agreement is essential for companies seeking to protect their business interests from competitive activities by current or departing shareholders. This document, governed by English and Welsh law, becomes particularly crucial during ownership transitions, company sales, or when shareholders have access to sensitive information. It typically includes detailed provisions on non-competition, non-solicitation of customers and employees, and confidentiality obligations, all carefully drafted to ensure enforceability under UK law while balancing the company's protection with reasonable restrictions on shareholder activities.
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1. Parties: Identification of all shareholders party to the agreement
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Duration of Restrictions: Time period for which restrictions apply
5. Geographic Scope: Territorial limits of restrictions
6. Non-Competition Covenant: Specific prohibited competitive activities
7. Non-Solicitation of Customers: Restrictions on approaching company customers
8. Non-Solicitation of Employees: Restrictions on hiring company employees
9. Confidentiality: Protection of company confidential information
10. Governing Law: Specification of English and Welsh law governance
1. Garden Leave: Terms for paid leave during notice period - use when shareholders are also employees
2. Intellectual Property Protection: Additional IP safeguards - use when company has significant IP assets
3. Non-Dealing Covenant: Broader restriction on any dealings with customers - use for higher-risk situations
4. Step-In Rights: Rights to take control of shareholder's interests - use for key shareholders or high-risk scenarios
1. Schedule 1: Restricted Territory: Detailed geographic boundaries of restrictions
2. Schedule 2: Restricted Customers: List of specific customers covered by restrictions
3. Schedule 3: Restricted Business Activities: Detailed description of prohibited business activities
4. Schedule 4: Confidential Information: Detailed categorization of protected information
5. Appendix A: Deed of Adherence: Template for new shareholders to join agreement
Find the exact document you need
Restrictive Covenants Shareholders Agreement
An English law agreement establishing restrictions on shareholders' activities to protect company interests through non-compete and confidentiality provisions.
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Confidentiality And Restrictive Covenant Agreement
An English law agreement combining confidentiality obligations and restrictive covenants to protect business interests and confidential information.
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