Document background
The Memorandum of Understanding Shareholders Agreement is typically used in Belgian corporate environments when shareholders need to establish initial understanding before committing to a comprehensive shareholders agreement. This document is particularly valuable during company formations, restructuring phases, or when bringing in new investors, as it allows parties to document their preliminary agreements while maintaining flexibility for future detailed negotiations. Under Belgian law, while primarily serving as a framework document, certain provisions can be made binding, offering a balance between commitment and flexibility. The document typically includes essential elements such as share transfer principles, management structures, and basic shareholder rights, while adhering to the requirements of the Belgian Code of Companies and Associations.
