Fulton Georgia Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Greystone Funding Corp

• Category: Corporations - Public - Stockholder
• State: Multi-State
• County: Fulton
• Control #: US-EG-9097
• Format: Word; Rich Text

Description

Stockholders Agreement among Schick Technologies, Inc., David Schick, Allen Schick and Greystone Funding Corporation dated December 27, 1999. 5 pages Fulton Georgia Stockholders Agreement, also known as the Fulton Agreement, is a legal document that outlines the terms and conditions governing the relationship between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, all shareholders in the company. This agreement is crucial in protecting the rights and interests of each party involved and establishes guidelines for decision-making, profit distribution, share transfers, and corporate governance. The Fulton Georgia Stockholders Agreement covers various key aspects, including ownership percentages, voting rights, and management responsibilities. It clearly defines the roles and responsibilities of each shareholder, their respective shareholding percentages, and the power they hold in making significant corporate decisions. Furthermore, the agreement outlines the process of capital contribution and financing obligations, ensuring that all parties play their part in funding the company's operations and growth initiatives. This provision safeguards against any imbalance or unfair burden on one party, as it establishes a clear understanding of financial responsibilities. Another important aspect covered by the Fulton Agreement is the transfer of shares. It details the procedures and conditions under which shareholders can transfer their shares to third parties or other existing shareholders. This provision helps maintain stability and control by ensuring that shares do not end up in the hands of undesirable or unqualified individuals who may jeopardize the company's objectives. The Fulton Georgia Stockholders Agreement also addresses the issue of dispute resolution. In case of conflicts, it may include provisions for mediation, arbitration, or other alternative methods to resolve differences outside the court system. This mechanism is designed to promote efficiency and cost-effectiveness in settling disputes and preventing unnecessary litigation. It is worth noting that there may be various types of Fulton Georgia Stockholders Agreements, tailored to specific circumstances or needs. For instance, there could be different agreements based on the shareholder's relationship with the company, such as voting agreements, buy-sell agreements, or drag-along agreements. These specialized agreements may focus on specific areas of shareholder rights, control, or exit strategies that require more detailed attention. In conclusion, the Fulton Georgia Stockholders Agreement is a vital legal document that governs and protects the interests of shareholders in Schick Technologies, Inc. It offers clarity regarding ownership, voting rights, decision-making powers, capital contributions, share transfers, and dispute resolution mechanisms. Different types of agreements may exist depending on the shareholders' specific roles and circumstances, ensuring a comprehensive and tailored approach to their rights and obligations.

Fulton Georgia Stockholders Agreement, also known as the Fulton Agreement, is a legal document that outlines the terms and conditions governing the relationship between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, all shareholders in the company. This agreement is crucial in protecting the rights and interests of each party involved and establishes guidelines for decision-making, profit distribution, share transfers, and corporate governance. The Fulton Georgia Stockholders Agreement covers various key aspects, including ownership percentages, voting rights, and management responsibilities. It clearly defines the roles and responsibilities of each shareholder, their respective shareholding percentages, and the power they hold in making significant corporate decisions. Furthermore, the agreement outlines the process of capital contribution and financing obligations, ensuring that all parties play their part in funding the company's operations and growth initiatives. This provision safeguards against any imbalance or unfair burden on one party, as it establishes a clear understanding of financial responsibilities. Another important aspect covered by the Fulton Agreement is the transfer of shares. It details the procedures and conditions under which shareholders can transfer their shares to third parties or other existing shareholders. This provision helps maintain stability and control by ensuring that shares do not end up in the hands of undesirable or unqualified individuals who may jeopardize the company's objectives. The Fulton Georgia Stockholders Agreement also addresses the issue of dispute resolution. In case of conflicts, it may include provisions for mediation, arbitration, or other alternative methods to resolve differences outside the court system. This mechanism is designed to promote efficiency and cost-effectiveness in settling disputes and preventing unnecessary litigation. It is worth noting that there may be various types of Fulton Georgia Stockholders Agreements, tailored to specific circumstances or needs. For instance, there could be different agreements based on the shareholder's relationship with the company, such as voting agreements, buy-sell agreements, or drag-along agreements. These specialized agreements may focus on specific areas of shareholder rights, control, or exit strategies that require more detailed attention. In conclusion, the Fulton Georgia Stockholders Agreement is a vital legal document that governs and protects the interests of shareholders in Schick Technologies, Inc. It offers clarity regarding ownership, voting rights, decision-making powers, capital contributions, share transfers, and dispute resolution mechanisms. Different types of agreements may exist depending on the shareholders' specific roles and circumstances, ensuring a comprehensive and tailored approach to their rights and obligations.