Stock Option Agreement of Key Tronic Corporation
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How to fill out Stock Option Agreement Of Key Tronic Corporation?
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FAQ
A stock agreement -- also known as a buy-sell agreement, "buyout agreement" or shareholders' agreement -- controls who owns shares of stock in your corporation and when a shareholder can or must be bought out by the corporation or the other shareholders.
A shareholders' agreement is an agreement entered into between all or some of the shareholders in a company. It regulates the relationship between the shareholders, the management of the company, ownership of the shares and the protection of the shareholders.
Is a shareholders agreement legally binding? Once a shareholders agreement has been signed it should be legally binding, provided that it complies with the usual 4 aspects of a contract: offer, acceptance, consideration and an intention to create legal relations.
There is no legal requirement for a limited company to have a Shareholders Agreement, but I strongly recommend every limited company to have one, even if it is just you and your spouse (and perhaps more so!) A Shareholders Agreement governs and regulates the relationship between shareholders.