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1. Parties: Identifies all family members and entities who are shareholders and parties to the agreement
2. Background: Sets out the history of the family business and purpose of the agreement
3. Definitions and Interpretation: Defines key terms and interpretation rules used throughout the agreement
4. Shareholding Structure: Details current shareholding distribution and share classes
5. Management and Control: Governance structure, board composition, and decision-making processes
6. Share Transfer Restrictions: Rules regarding transfer of shares, including right of first refusal and tag-along/drag-along rights
7. Dividend Policy: Framework for profit distribution and dividend declarations
8. Dispute Resolution: Procedures for resolving family and business disputes
1. Family Council: Structure and role of family council in business governance - recommended for larger family businesses with multiple branches
2. Employment of Family Members: Policies regarding family member employment in the business - recommended when family members are actively involved in business operations
3. Succession Planning: Framework for leadership transition and next-generation involvement - recommended when planning for future generational transfer
4. Family Constitution Reference: Integration with family constitution if one exists - recommended when family has a separate family constitution
5. Business Valuation Methods: Agreed methods for valuing shares and business - recommended when specific valuation methodology is required
1. Current Shareholding Schedule: Detailed breakdown of current share ownership
2. Family Tree: Visual representation of family relationships
3. Corporate Structure Chart: Diagram of company ownership structure
4. Board Composition: Current board members and their roles
5. Reserved Matters: List of decisions requiring special approval
6. Share Valuation Formula: Agreed methodology for share valuation
7. Family Employment Policy: Detailed policies for family member employment
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