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Company Ownership Agreement
"I need a Company Ownership Agreement for a Philippine tech startup with three equal shareholders (all Filipino citizens), including specific provisions for future funding rounds and anti-dilution protection, to be implemented by March 2025."
1. Parties: Identifies all shareholders and the company, including their complete legal names and addresses
2. Background: Explains the context of the agreement, company formation details, and purpose of the arrangement
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Share Capital and Ownership Structure: Details the company's authorized capital, issued shares, and ownership distribution
5. Rights and Obligations of Shareholders: Outlines shareholders' voting rights, dividend rights, and general obligations
6. Share Transfer Restrictions: Specifies conditions and procedures for transferring shares, including right of first refusal
7. Management and Control: Details governance structure, board composition, and decision-making processes
8. Meetings and Resolutions: Procedures for shareholder meetings, voting requirements, and resolution passing
9. Dividend Policy: Sets out the approach to declaring and distributing dividends
10. Dispute Resolution: Procedures for handling disagreements between shareholders
11. Confidentiality: Obligations regarding company and shareholder information confidentiality
12. Term and Termination: Duration of the agreement and circumstances for termination
13. Governing Law: Confirms Philippine law as governing law and relevant jurisdiction
14. Execution: Formal signing section with witness requirements
1. Tag-Along Rights: Used when minority shareholders need protection to join in sale of shares by majority shareholders
2. Drag-Along Rights: Included when majority shareholders may need to force minorities to join in a company sale
3. Anti-Dilution Provisions: Added when protecting certain shareholders from equity dilution is necessary
4. Special Rights for Specific Share Classes: Required when the company has multiple share classes with different rights
5. Foreign Ownership Compliance: Needed when foreign shareholders are involved, ensuring compliance with Philippine foreign ownership restrictions
6. Deadlock Resolution: Important for companies with 50-50 ownership splits
7. Pre-emptive Rights: Optional section for giving existing shareholders priority in new share issuances
8. Put and Call Options: Include when shareholders want specific share purchase or sale rights
1. Schedule A - Share Capital and Shareholding Structure: Detailed breakdown of share classes, numbers, and ownership percentages
2. Schedule B - Initial Officers and Directors: List of initial board members and corporate officers with their positions
3. Schedule C - Reserved Matters: List of decisions requiring special majority or unanimous approval
4. Schedule D - Company Information: Detailed company information including registration numbers, registered address, and other corporate details
5. Schedule E - Deed of Adherence: Template for new shareholders to join the agreement
6. Schedule F - Valuation Methodology: Agreed methods for share valuation in various scenarios
7. Schedule G - Transfer Procedures: Detailed procedures and forms for share transfers
8. Schedule H - Competing Business Restrictions: Details of any non-compete obligations and restricted activities
Authors
Articles of Incorporation
Board of Directors
Business Day
By-laws
Company
Competing Business
Confidential Information
Deed of Adherence
Drag-Along Notice
Drag-Along Rights
Encumbrance
Fair Market Value
Financial Year
Founding Shareholders
General Meeting
Initial Public Offering
Intellectual Property Rights
Material Breach
Minority Shareholders
Ordinary Resolution
Parties
Pre-emptive Rights
Put Option
Call Option
Qualified Transfer
Reserved Matters
Right of First Refusal
Securities
Share Capital
Shareholders
Special Resolution
Subsidiary
Tag-Along Rights
Tag-Along Notice
Transfer
Valuation
Voting Rights
Working Day
Related Party
Permitted Transferee
Majority Shareholders
Business Plan
Dividend Policy
Exit Event
Deadlock
Good Faith
Liquidation Event
Material Adverse Effect
Share Transfer
Share Capital
Subscription Rights
Pre-emptive Rights
Transfer Restrictions
Right of First Refusal
Tag-Along Rights
Drag-Along Rights
Board Composition
Management Rights
Voting Rights
Reserved Matters
Shareholder Meetings
Director Appointments
Information Rights
Dividend Rights
Exit Rights
Anti-dilution
Put and Call Options
Non-compete
Confidentiality
Representations and Warranties
Dispute Resolution
Deadlock Resolution
Term and Termination
Amendment
Assignment
Notices
Governing Law
Force Majeure
Severability
Entire Agreement
Further Assurance
Costs and Expenses
Waiver
Counterparts
Technology
Manufacturing
Retail
Financial Services
Real Estate
Professional Services
Healthcare
Education
Hospitality
Construction
Energy
Agriculture
Transportation
Media and Entertainment
Legal
Corporate Secretariat
Compliance
Finance
Corporate Governance
Board Secretariat
Risk Management
Investor Relations
Corporate Affairs
Business Development
Chief Executive Officer
Chief Financial Officer
Company Secretary
Corporate Lawyer
Legal Counsel
Compliance Officer
Board Director
Managing Director
Corporate Governance Officer
Investment Manager
Shareholder Relations Manager
Business Development Director
Corporate Finance Manager
Risk Management Officer
Company Registrar
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