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A shareholders agreement is a contract between a company's shareholders that regulates their relationship and establishes how the company should be managed. It is typically aligned with the company's articles of association. It is strongly recommended to have a shareholders agreement if there is more than one shareholder, as it provides certainty and helps prevent disputes and expensive litigation. For instance, it allows for mechanisms to address dishonest behavior by shareholders, including the transfer of shares if necessary. Consider implementing a shareholders agreement at any stage of your company, especially when specific circumstances arise, such as involving third parties.
