Shareholder Agreement
定義
A shareholder agreement is the contract among a company’s owners governing share transfers, voting, board composition, and protective rights.
資金調達における位置づけ
In venture deals these terms live across the stock purchase agreement, investor rights agreement, voting agreement, and ROFR agreement, collectively defining the power map.
よくある質問
What protective provisions do investors get?
Veto rights over actions like new financings, sale of the company, budget approval, and senior hires, typically held by preferred majority.
What should founders watch in these documents?
Board control, veto thresholds, drag-along mechanics, and anything giving one investor rights others lack.