Welcome to the second half of our Shareholder Agreements series. Today, we return with Simon Bedard, the Founder and CEO of Exit Advisory Group. In this episode, we continue our discussion on Shareholders’ Agreements.
Our host, Joanna Oakey and guest Simon Bedard highlight the critical role of Shareholder Agreements in navigating disagreements and exits. In this episode, we also emphasise the dangers of relying on templates and the need to work with a commercial lawyer to ensure your agreement is structured appropriately. They also touch on timing, keyman insurance and how drafting a Shareholder Agreement as soon as possible minimises future issues, along with examples from their respective businesses.
Episode Highlights:
- 00:06 The importance of considering both commercial and legal aspects of shares
- 00:52 Setting a roadmap for your business using Shares & Shareholder Agreements
- 2:48 Do you need “Keyman Insurance” built into Shareholders Agreements?
- 5:12 More Case Study Stories from Simon
- 7:18 Always get in touch with the right commercial lawyers
Connect with Simon Bedard:
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Relevant episode:
Talking Law [EP 143] Why Shareholders Agreements are essential for Business Owners
The Deal Room [EP 241] The Importance of Shareholder Agreements (Part 1)
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