This agreement governs the relationship among several partners. When starting a collective enterprise, a partnership agreement is advisable in order to minimize the risk of conflict. Important: This contract should govern such conditions as the exit of a partner and the calculation of the enterprise value or value of the equity shares.
The shareholders' agreement governs the relationship among multiple shareholders. It ensures clear rules among the shareholders. It is important to include provisions on the exit of a shareholder, among other things. At the time of the company formation, it should be decided who can acquire the shares, and for what price, when a shareholder exits. The shareholders' agreement should also define how the enterprise value is calculated and therefore how the share price is determined.