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Deed of Adherence Shareholders Agreement​

A deed for new shareholders to adhere to an existing shareholders' agreement

Word and PDF formats
file_type_word
Average time to complete
7 minutes
Date last updated by lawyer
24/09/2024
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What Is a Deed of Adherence for Shareholder Agreement?

This deed serves as an annexure to the original shareholder agreement, thereby maintaining the initial contract's integrity. It enables seamless integration of new shareholders without renegotiating the entire agreement, safeguarding the interests of current shareholders.

Through this deed, the new shareholder commits to adhering to the original terms, including voting rights, dividend distribution, and any covenants. This ensures consistency and stability within the company's governance structure, as all shareholders are unified under the same contractual obligations.

Who Should Use a Deed of Adherence for Shareholder Agreement?

A Deed of Adherence for a Shareholder Agreement is primarily used by new shareholders in a company. It ensures that the incoming shareholder agrees to be bound by the terms of the existing Shareholder Agreement.

Other Names

Accession DeedAdherence AgreementJoinder AgreementDeed of Adherence to Shareholders' AgreementAccession Agreement

Applicability

England flagWales flagEngland and WalesNorthern Ireland flagNorthern IrelandScotland flagScotland

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