Shareholders' Agreements · glossary
The deed in Schedule 3 by which a newcomer agrees to be bound by the shareholders' agreement. A buyer of shares joins as a holder of its class, and no transfer is registered until it signs. A new controller of an owner joins with duties but no rights. Schedule 3 · Clause 10.4 · Chapter 7
Explained in Chapter 7, Transfers, of Shareholders' Agreements.
The main page for this term is Deed of adherence, in Venture Deals.
Two more rules complete clause 10. Ferris or A&W may sell only its whole holding, unless the other agrees in writing to a sale of part. And a newcomer's transfer is not registered until it has signed a Deed of Adherence, a deed in which it agrees to be bound by the SHA.Read Chapter 7, Transfers →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Shareholders' Agreements and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Shareholders' Agreements → · All terms A–Z →