A Shareholder' agreement is a legal document of a business describing the rights, responsibilities and privileges of a shareholder. The agreement also includes the price of shares, the percentage of shareholder’s ownership in business, provisions relating to transfer of shares, dispute resolution, etc.
The agreement must be vetted by an experienced lawyer who can scrutinise the document for any errors and can identify any inaccuracy or exclusions. The lawyer can suggest the changes that must be made to protect the interest of investors as well as the business.
Once the Shareholder Agreement is submitted and sent to the lawyer, the lawyer reviews the shareholder agreement and sends their suggestions. Necessary changes can be made by the business before the Shareholder agreement is signed.