A Deed of Accession can be seen as a ‘joining document’. If a company wishes to bring on a new shareholder, they can agree to and show their consent to abide by the existing Shareholders Agreement by signing a Deed of Accession. This essentially adds a person to a Shareholders Agreement.

Deeds of Accession are commonly used as it saves the company the stress of drafting an entirely new agreement, and makes things more efficient and simple.

A Shareholders Agreement is a legal document that sets out the roles, responsibilities and liabilities of company shareholders. It covers details around how their shares are managed, what happens when a shareholder wants to leave and how voting rights work.

A shareholder needs to agree to a Shareholders Agreement.

Our package starts at $400 + GST and includes a high level review of your Shareholders Agreement and Company Constitution, drafting a Deed of Accession and phone consultations with a Sprintlaw lawyer who can advise you on the legal issues that may apply to your business.

Sprintlaw provides a range of legal services, and our approach is designed to help small businesses and startups cover their legals no matter what stage of their business journey they are in.

We offer legal help with business set up, getting finance, franchising, contracts, employment law, data & privacy and intellectual property. Have a look at our Services Page for more information.