[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-169244-en":3,"doc-seo-169244-105":30,"detail-sidebar-cat-1-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":11,"category_id":12,"category_name":13,"doc_title":14,"doc_description":15,"doc_content":16,"file_id":17,"file_url":18,"file_type":19,"file_size":20,"view_count":4,"is_deleted":4,"is_public":11,"is_downloadable":11,"audit_status":11,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":15,"update_tm":28,"read_time":29},169244,2336475104957,"นรินทร์","https://ap-avatar.wpscdn.com/avatar/22000c4c6bd8a5076e1?x-image-process=image/resize,m_fixed,w_180,h_180&k=1787554080175789136",1,18,"Letters","SHAREHOLDERS' AGREEMENT - INTERPRETATION - NZ Template Shareholders Agreement","Shareholders' Agreement template prepared by AANZ with NZ investment community members and legal professionals, intended to support industry-standard documentation for use in New Zealand. Investors, entrepreneurs, and companies are guided to align on business outcomes, success, and investment return, and to carefully consider key terms including director appointment rights, board approval provisions, founder vesting, restricted share transfers, restraints, anti-dilution protections, and employee share option schemes. It coordinates updates with market practice and includes legal disclaimers, drafting notes, clauses, and schedules.","This template has been prepared by AANZ together with members of the NZ emerging company investment community and legal profession.\nThe aim of this template (and other template documents we make available) is to promote industry standard legal documentation for use in NZ so investors, entrepreneurs, and companies can focus on deal-specific matters.\nAll parties should:\nensure they are aligned about the business outcomes, success, and the return on their investment;\nconsider the appropriateness and implications of key terms, including:\ndirector appointment rights\nboard approval provisions\nfounder vesting\nrestricted share transfers\nrestraints\nanti-dilution protections\nemployee share option schemes; and\nseek their own legal advice when agreeing and documenting investments terms.\nAANZ aims to coordinate updates of the template documents to keep up with market practice. Comments on the documents are welcome, and will be taken into account in the next review (or urgently should this be required). Comments can be sent to \u0013 HYPERLINK \"mailto:templates@angelassociation.co.nz\" \u0014templates@angelassociation.co.nz\u0015\nAANZ would like to thank Avid.legal, Dentons, Flacks & Wong, Hamilton Locke, Icehouse Ventures, Kindrik Partners, LegalVision, NZGCP, and Simpson Grierson who, among others, kindly provided support and expertise in the development of this template.\nLegal disclaimer: Neither AANZ nor any contributors to this template take any responsibility for the content of the document or the consequences of using it. You should take legal advice before using this template. This template is intended to serve as starting point only and should be tailored to meet your specific requirements. Nothing in this template should be construed as legal advice for any particular facts or circumstances.\nSHAREHOLDERS' AGREEMENT\n[NAME OF COMPANY]\n\u0013 ADVANCE \\y 660 \u0015\nCONTENTS\nCLAUSE\tPAGE\n\u0013 TOC \\O \"1-1\" \\f \\* charformat \u00141.\tINTERPRETATION\t\u0013 PAGEREF _Toc212766154 \\h \u00141\u0015\n2.\tTERM OF AGREEMENT\t\u0013 PAGEREF _Toc212766155 \\h \u00147\u0015\n3.\tOBJECTIVES AND BUSINESS\t\u0013 PAGEREF _Toc212766156 \\h \u00148\u0015\n4.\tBOARD AND PROTECTIVE PROVISIONS\t\u0013 PAGEREF _Toc212766157 \\h \u00148\u0015\n5.\tShare Scheme\t\u0013 PAGEREF _Toc212766158 \\h \u001412\u0015\n6.\tREPORTING\t\u0013 PAGEREF _Toc212766159 \\h \u001412\u0015\n7.\tCAPITAL RAISING\t\u0013 PAGEREF _Toc212766160 \\h \u001414\u0015\n8.\t[ANTI-DILUTION]\t\u0013 PAGEREF _Toc212766161 \\h \u001415\u0015\n9.\tAGREEMENT TO TAKE PRIORITY\t\u0013 PAGEREF _Toc212766162 \\h \u001417\u0015\n10.\tOBLIGATIONS TO SURVIVE\t\u0013 PAGEREF _Toc212766163 \\h \u001417\u0015\n11.\tCONFIDENTIALITY\t\u0013 PAGEREF _Toc212766164 \\h \u001417\u0015\n12.\tSHARE TRANSFERS\t\u0013 PAGEREF _Toc212766165 \\h \u001419\u0015\n13.\t[Restricted Transfer Shares]\t\u0013 PAGEREF _Toc212766166 \\h \u001420\u0015\n14.\t[Vesting]\t\u0013 PAGEREF _Toc212766167 \\h \u001420\u0015\n15.\tNON-COMPETITION AND NON-SOLICITATION\t\u0013 PAGEREF _Toc212766168 \\h \u001423\u0015\n16.\tACCESSION DEED\t\u0013 PAGEREF _Toc212766169 \\h \u001424\u0015\n17.\tSHAREHOLDERS' ACKNOWLEDGMENTS\t\u0013 PAGEREF _Toc212766170 \\h \u001424\u0015\n18.\tNOTICES\t\u0013 PAGEREF _Toc212766171 \\h \u001424\u0015\n19.\tNO RELIANCE\t\u0013 PAGEREF _Toc212766172 \\h \u001425\u0015\n20.\tShareholder DISCLAIMERS\t\u0013 PAGEREF _Toc212766173 \\h \u001425\u0015\n21.\tELECTRONIC SIGNATURES\t\u0013 PAGEREF _Toc212766174 \\h \u001425\u0015\n22.\tGENERAL\t\u0013 PAGEREF _Toc212766175 \\h \u001426\u0015\n23.\tTRUSTEE LIABILITY\t\u0013 PAGEREF _Toc212766176 \\h \u001427\u0015\n24.\tSPECIFIC INVESTOR PROVISIONS\t\u0013 PAGEREF _Toc212766177 \\h \u001427\u0015\n\u0015\nSCHEDULES\nSCHEDULE 1\tPARTY DETAILS & SIGNING\nSCHEDULE 2\tCONSTITUTION\nSCHEDULE 3\tFORM OF DEED OF ACCESSION\nSCHEDULE 4\tSPECIFIC INVESTOR PROVISIONS\nDATED\nPARTIES\n1.\t[Name of company] (Company)\n2.\t[Name of any company subsidiaries, if any] (each a Subsidiary)]\n3.\tThe shareholders set out in Schedule 1, together with any other shareholder who accedes to this agreement (the Shareholders)\n4.\tThe persons named as Founder(s) as set out in Schedule 1, together with any other shareholder who subsequently accedes to this agreement as a Founder with the Board’s prior written approval (Founders and each a Founder)\nBACKGROUND\nA.\tThe Company carries on, or proposes to carry on, the Business.\nB.\tThe parties wish to enter into this agreement to record their agreements","cbCaiiCWKZKJw0Fs","https://ap.wps.com/l/cbCaiiCWKZKJw0Fs","docx",149608,40,"English","en",105,"# Contents\n## 1. INTERPRETATION\n## 2. TERM OF AGREEMENT\n## 3. OBJECTIVES AND BUSINESS\n## 4. BOARD AND PROTECTIVE PROVISIONS\n## 5. Share Scheme\n## 6. REPORTING\n## 7. CAPITAL RAISING\n## 8. [ANTI-DILUTION]\n## 9. AGREEMENT TO TAKE PRIORITY\n## 10. OBLIGATIONS TO SURVIVE\n## 11. CONFIDENTIALITY\n## 12. SHARE TRANSFERS\n## 13. [Restricted Transfer Shares]\n## 14. [Vesting]\n## 15. NON-COMPETITION AND NON-SOLICITATION\n## 16. ACCESSION DEED\n## 17. SHAREHOLDERS' ACKNOWLEDGMENTS\n## 18. NOTICES\n## 19. NO RELIANCE\n## 20. Shareholder DISCLAIMERS\n## 21. ELECTRONIC SIGNATURES\n## 22. GENERAL\n## 23. TRUSTEE LIABILITY\n## 24. SPECIFIC INVESTOR PROVISIONS\n# Schedules\n## Schedule 1 PARTY DETAILS & SIGNING\n## Schedule 2 CONSTITUTION\n## Schedule 3 FORM OF DEED OF ACCESSION\n## Schedule 4 SPECIFIC INVESTOR PROVISIONS","[{\"question\":\"What is the purpose of this Shareholders' Agreement template?\",\"answer\":\"It promotes industry-standard legal documentation for use in New Zealand so parties can focus on deal-specific matters while using a consistent baseline framework.\"},{\"question\":\"Which key investment and governance terms should parties review before agreeing?\",\"answer\":\"Parties should consider director appointment rights, board approval provisions, founder vesting, restricted share transfers, restraints, anti-dilution protections, and employee share option schemes.\"},{\"question\":\"Does AANZ provide legal advice or take responsibility for using the template?\",\"answer\":\"No. The template includes a legal disclaimer stating AANZ and contributors do not take responsibility for the content or consequences of use, and parties should seek their own legal advice and tailor the template.\"}]","SHAREHOLDERS' AGREEMENT - 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