A right of first refusal (abbreviated to ROFR and also known as a right of pre-emption) is an optional right that company owners can give to each other in a shareholders agreement. The clause allows existing shareholders to buy the shares of an … [Continue reading]
Key Legal Documents Founders Should Put In Place
Forming a company is inexpensive and fast. A typical formation agent charges around £12 for a most basic service that takes a couple of hours or less. A newly incorporated company can start trading immediately – provided there are customers and a … [Continue reading]
What Should A Shareholders Agreement Cover?
A shareholders agreement is a way of planning for the future. The document redistributes decision making power on matters that are important to certain owners, and sets out what happens in certain circumstances. Unlike with articles of … [Continue reading]
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