Shareholder Agreements and Employment Contracts
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A shareholder agreement is a document involving multiple shareholders of a company, detailing the specific outcomes and actions that will be taken in the event of a shareholder leaving the company, whether voluntarily, involuntarily, or if the company ceases trading.
All employees have an employment contract with their employer. A contract is an agreement that sets out an employee’s:
- Employment conditions
Employees and employers must stick to a contract until it ends (eg by an employer or employee giving notice or an employee being dismissed) or until the terms are changed (usually by agreement between the employee and employer).