Is a Partnership Agreement different from a Shareholders Agreement?
There is no difference between a Shareholder agreement and a Partnership Agreement. The two can be used interchangeably.
Both a Partnership Agreement and a Shareholders Agreement are agreements entered into by two or more persons stating the rights, power, interest and benefits they are entitled to in a business.
A shareholder having acquired shares is a partner in a corporate entity.
Shareholders or Partnership Agreements are detailed agreements and should contain issues such as the number of shares subscribed to by each sub scriber, pre-emptive rights, transfer of shares, voting etc
Do you have any question or clarification regarding the topic in this post that was not answered / provided by this post? Or you have questions regarding what the law states about a particular legal issue? Log on to our website – www.618bees.comor call us on 23412803791 to speak to any of our consultants that are always on hand to provide answers to such questions.
Team 618 Bees
The information in this blog post (“post”) is provided for general informational purposes only, no information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or professional advice from the particular facts and circumstances at issue from a lawyer.This post is protected by intellectual property law and regulations. It may however be shared using appropriate sharing tools provided that our authorship is always acknowledged and this Disclaimer Notice attached