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LLC Shareholder Agreement
"I need an LLC Shareholder Agreement under Austrian law for a technology startup with three founding shareholders, where two will be active in management and one will be a passive investor, including specific provisions for future funding rounds and protecting intellectual property rights."
1. Parties: Identification of all shareholders and the company, including their full legal names, registration details, and addresses
2. Background: Context of the agreement, company formation details, and current shareholding structure
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules for interpretation
4. Share Capital and Shareholders: Details of company's share capital, shareholding percentages, and classes of shares
5. Management and Corporate Governance: Structure and powers of management, appointment of managing directors (Gesch盲ftsf眉hrer), and decision-making processes
6. Shareholders' Meetings: Procedures for convening and conducting shareholders' meetings, voting rights, and quorum requirements
7. Transfer Restrictions: Restrictions on share transfers, including right of first refusal and approval requirements
8. Pre-emption Rights: Process and conditions for existing shareholders to purchase shares before they can be offered to third parties
9. Confidentiality: Obligations regarding confidential information and trade secrets
10. Dividend Policy: Rules and procedures for dividend distributions and profit sharing
11. Deadlock Resolution: Mechanisms for resolving disputes and deadlock situations between shareholders
12. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
13. General Provisions: Standard legal provisions including governing law, jurisdiction, and notices
1. Tag-Along Rights: Used when minority shareholders need protection to join in sale of shares by majority shareholders
2. Drag-Along Rights: Included when majority shareholders want the right to force minority shareholders to join in a sale
3. Anti-dilution Provisions: Required when there's likelihood of future capital increases and need to protect existing shareholding percentages
4. Put and Call Options: Included when shareholders want specific rights to sell or buy shares under predetermined conditions
5. Non-Competition and Non-Solicitation: Added when shareholders are actively involved in business operations or have access to sensitive information
6. Intellectual Property Rights: Necessary when the company has significant IP assets or shareholders contribute IP
7. Employee Shareholders: Required when some shareholders are also employees, defining special conditions for their shareholding
8. Exit Strategy: Included when shareholders want to define specific procedures for company sale or IPO
1. Schedule 1 - Share Capital Structure: Detailed breakdown of share capital, including share classes and shareholders' holdings
2. Schedule 2 - Articles of Association: Copy of the current Articles of Association (Gesellschaftsvertrag)
3. Schedule 3 - Reserved Matters: List of decisions requiring special majority or unanimous shareholder approval
4. Schedule 4 - Share Valuation Methodology: Agreed method for valuing shares for transfers or exit purposes
5. Schedule 5 - Management Structure: Detailed organizational chart and management responsibilities
6. Schedule 6 - Business Plan: Initial business plan and strategy (if applicable)
7. Schedule 7 - Deed of Adherence: Template for new shareholders to join the agreement
8. Schedule 8 - Competing Businesses: List of businesses considered competitors for non-compete provisions
Authors
Technology
Manufacturing
Professional Services
Real Estate
Retail
Healthcare
Financial Services
Construction
Media and Entertainment
Hospitality
Energy
Transportation and Logistics
Agriculture
Education
Consulting
Legal
Corporate Governance
Executive Leadership
Finance
Compliance
Corporate Affairs
Investment Relations
Risk Management
Strategy
Board Secretariat
CEO
Managing Director
Chief Legal Officer
Corporate Lawyer
General Counsel
Company Secretary
Chief Financial Officer
Board Member
Compliance Officer
Corporate Governance Officer
Investment Manager
Business Development Director
Shareholder Relations Manager
Risk Manager
Corporate Strategy Director
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