SHAREHOLDER AGREEMENT CHECKLIST
  Yes No
Does a shareholder agreement exist?    
Does the agreement contain a non-competition clause?    
Does the agreement provide for:    
  • mandatory buy back?
    
  • right of first refusal?
   
  • shotgun clause?
    
Does the agreement provide for mandatory arbitration?    
Does the agreement provide for mandatory offer upon:    
  • withdrawal from business?
    
  • fraud?
    
  • bankruptcy?
    
  • disability?
   
  • death?
    
  • personal bankruptcy?
    
Does the agreement provide for a method of establishing share value by:    
  • going concern?
    
  • book value?
    
  • outside evaluation?
    
Does the agreement require life insurance to be purchased by:    
  • the shareholders?
   
  • the company?
    
Does the agreement provide the ability to personally purchase corporate insurance policies if no longer required?    
Hosted by www.Geocities.ws

1