Creating An Effective Unanimous Shareholder Agreement: 7 Key Topics Shareholders Should Discuss

No matter the number of shareholders in a corporation, a unanimous shareholder agreement (commonly abbreviated to "USA") is an important tool for effective business operations. USAs protect the rights among shareholders, directors and the corporation itself by among other things, explicitly setting out each parties' rights, obligations and entitlements to allow for a streamlined co-existence.

This article highlights several key topics for discussion amongst corporations, shareholders, directors and other stakeholders to improve communication and understanding among those parties and their legal advisors as to the important elements when reviewing or assembling an effective USA.