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Shareholders Agreement with Put and Call Option

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This is an agreement between the shareholders of a small corporation that defines the rights and obligations of each shareholder. This particular agreement provides a “Put and Call Option” whereby a shareholder that desires to sell their shares in the company must first offer their shares to the corporation or other shareholders for purchase. If the corporation or the other shareholders do not purchase the shares, the transferring shareholder may have the right to dissolve the corporation. This agreement should be used by the shareholders of a small business that want to provide a “Put and Call Option” in their shareholders agreement.

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