Based on your research, what essential terms and provisions are necessary for a properly drafted shareholder’s agreement?
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Based on your research, what essential terms and provisions are necessary for a properly drafted shareholder’s agreement?
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Research shareholder agreements in case law, statutes, or relevant news articles. Based on your research, what essential terms and provisions are necessary for a properly drafted shareholder’s agreement? Why? What are the consequences if those terms are left out? Next, what is the business judgment rule? Why is it so important to both directors and shareholders? What are the possible consequences if directors could not rely on the business judgment rule?
