Unitholders Agreement

WHAT’S IT FOR?

A Unitholders Agreement is an important contract between owners of a unit trust. It governs how decisions are made, what happens when a unitholder wants to leave the trust, how disputes are handled and other important matters. Even if you’re in business with friends or family, having ground rules is always healthy for the relationship and the business, especially as your business grows and the stakes become higher.

WHAT’S INCLUDED?We’ll draft a Unitholders Agreement in accordance with your requirements.

This package includes:

• Drafting a Unitholders Agreement in accordance with the requirements of your trust
• Phone consultations (up to 60 minutes) with a Sprintlaw lawyer who will take your instructions, advise you on the legal issues you need to know and answer your questions about the agreement
• 1 x complimentary amendment to the final draft we provide you, as long as you request the amendment within 10 business days of us delivering the final draft
• Preparing a standard Deed of Accession that you can use with future shareholders

Please note: Under this package, we will act as lawyers for the company that is party to the Unitholders Agreement, and not for any individual shareholder.

Parties to a Unitholders Agreement may have different or conflicting interests. Each individual unitholder should consider seeking their own legal representation. By electing to proceed without separate legal representation, each individual unitholder agrees to waive any conflict of interest arising out of our engagement by the company.