No one goes into a marriage already expecting the worst, but even the most seemingly stable couples can hit bumps in the road that tear them apart. Prenuptial agreements have the power to protect both parties when entering a marriage. The whole idea being to minimize the uncertainties of the law and litigation, if something does happen and the marriage ends in divorce or death.
Similarly, a shareholders’ agreement (business prenup) would be extremely handy in the event of a dispute or a breakdown in trust between the shareholders of a company i.e. disagreement on the business of a company, or the methods of carrying out the same, or their decision making powers etc. A lack of certainty created by not having a shareholders’ agreement in place can often lead to disputes amongst the shareholders which can be costly to deal with. Continue reading “The Business Prenup – The Importance of a Shareholders Agreement”