Common Contracts
1 similar Nominee Shareholder Agreement contracts
Nominee shareholder agreement template singaporeNominee Shareholder Agreement • September 20th, 2023
This clause could protect them from having their shareholdings diluted Shareholders who are not parties to the agreement are generally not able to enforce a contract like this one. It binds solely the contracting parties, as opposed to the company constitution, which binds all of the business’s shareholders. This means that unless the provisions are likewise written into the company constitution, if the company is not a party to the contract, there is often no mechanism to compel all of the company’s shareholders to comply with the contract’s terms. To be bound by the conditions of the agreement, new shareholders must sign it as well.
