- Shareholder Agreements
Contracts are at the very foundation of the business relationship. Many lawsuits are the result of contracts that were not well drafted. The Latin legal term contra preferentum, also known as “interpretation against the draftsman”, is a doctrine of contractual interpretation providing that, where a promise, agreement or term is ambiguous, the preferred meaning should be the one that works against the interests of the party who provided the contract to the other. Avoid costly legal disputes where possible by having Crangle review your contracts and revise as necessary.
Starting a company with business partners? Avoid problems before they start by having a clear shareholder agreement. Or maybe you need to enforce your rights under an existing shareholder agreement. Many people make the mistake of going into business with friends or people that they initially trusted, and do not bother to get a shareholder agreement which defines their respective ownership interests and rights. Later if there is a dispute, it becomes a serious and costly problem. You will remain friends and business partners longer if you have a shareholder agreement from the beginning. Crangle can assist with that, and also with litigation involving shareholders disputes.
Starting a new company? Incorporate to minimize your exposure to potential personal liability. Many people make the mistake of not incorporating, or of having a partnership without a signed shareholder agreement. Using best business practices early can avoid costly problems later.