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Shareholders’ Agreement (SHA)

The document that governs how shareholders run the company and deal with their shares — board rights, reserved matters, ROFR, tag & drag. Generate a free starting draft.

What is a Shareholders’ Agreement (SHA)?

A Shareholders’ Agreement (SHA) governs the ongoing relationship between a company’s shareholders — how the board is composed, which decisions need special approval (reserved matters), and how shares can be transferred (ROFR, tag-along, drag-along). It’s signed alongside the SSA in a funding round.

SHAs are among the most negotiated startup documents — this generator gives a skeleton to understand the structure; get professional drafting for the real thing.

Key clauses it should cover

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Shareholders’ Agreement (SHA)

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Important: This is an auto-generated draft template for reference only — not legal advice. Laws and your specific situation vary. Please have it reviewed by a qualified professional before signing. Get this agreement professionally drafted & vetted →
FAQs

Common questions

It governs how shareholders run the company (board, reserved matters, information rights) and how they deal with their shares (ROFR, tag-along, drag-along) — protecting both founders and investors.

Key decisions that need special approval (often the investor’s) — like issuing new shares, large borrowings, or related-party transactions. They give investors protection over major moves.

Tag-along lets minority shareholders join a majority sale on the same terms; drag-along lets an approved sale compel dissenters to sell too. Both smooth exits.

No — it’s a simplified skeleton to explain the structure. A real SHA is heavily negotiated and must be professionally drafted. We can help.

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