Shareholder agreement
A contract between the shareholders of the company and the company itself, in which certain things, usually the purview of the board of directors, are detailed.
Expanded Legal Definition of ShareholderShareholder agreement A contract between the shareholders of the company and the company itself, in which certain things which would otherwise be the purview of the board of directors, are predetermined.
This is a legal area and is fraught with difficulty as the laws of countries differ, particularly on the enforceability of 'heads of' or shareholder agreements. For some legal reasons it is may be called a Memorandum of Understanding.
 See also: Shareholder, Will, Term, Were, Company
  
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