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[Music] hello everyone this is Herman Santiago from novice international lawyers today I want to talk to you about a shareholders agreement shareholders agreement is an agreement between shareholders of a company preferably that is your own company it regulates the relationship between the shareholders who are the owners of the company but with the management of the company the ownership of the shares and the protection of the shareholders they also govern in which the way the company is going to be run this agreement is a private document of the company therefore it is not held at the companys house and just because its not held at the companys house that doesnt mean that its not important to you yes its not a legal requirement but it does control a lot of what the company will go through so such as if you want protection for minority shareholders such as issuing new shares and understand that the shareholder plays a very important part in the company its a vital role in financ