🗞️ Forfeitable shares agreement

A forfeitable shares agreement is a contract between a company and its shareholders that outlines the conditions under which shares may be forfeited. The agreement may specify that shares will be forfeited if the shareholder fails to meet certain conditions, such as attending board meetings or investing a certain amount of money in the company. The agreement may also provide for the forfeiture of shares if the shareholder engages in certain prohibited activities, such as selling the shares to a competitor.

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