tiktok³ÉÈË°æ

All Countries
Employment
Termination Of Shareholders Agreement

Termination Of Shareholders Agreement Template for New Zealand

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Termination Of Shareholders Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Termination Of Shareholders Agreement

"I need a Termination of Shareholders Agreement for our NZ-based tech startup where two founding shareholders are amicably exiting the company by March 2025, including provisions for the transfer of their intellectual property rights to the company."

Celebrated by
Collaborations with
Investors
Document background
The Termination of Shareholders Agreement is a crucial document used when shareholders mutually agree to end their existing shareholders agreement or when circumstances necessitate its termination. This document is particularly relevant in New Zealand business contexts where companies need to formally document the dissolution of shareholder relationships in compliance with the Companies Act 1993 and other relevant legislation. It addresses key aspects such as the release of obligations, settlement of outstanding matters, transfer of shares (if applicable), and any surviving provisions. The document is essential for protecting all parties' interests and providing legal certainty when transitioning out of existing shareholder arrangements, whether due to business restructuring, share transfers, company dissolution, or other significant changes in shareholder relationships.
Suggested Sections

1. Parties: Identification of all shareholders and the company involved in the termination agreement

2. Background: Details of the original Shareholders Agreement, including date of execution and key terms

3. Definitions: Definitions of key terms used in the termination agreement

4. Termination: Express agreement to terminate the Shareholders Agreement and the effective date of termination

5. Mutual Release: Release of all parties from their obligations under the original agreement

6. Settlement of Outstanding Obligations: Address any outstanding financial or operational obligations between the parties

7. Return of Company Property: Requirements for return of any company property, documents, or confidential information

8. Governing Law: Confirmation that the termination agreement is governed by New Zealand law

9. Execution: Signature blocks for all parties

Optional Sections

1. Share Transfer Provisions: Include when the termination involves transfer of shares between parties or to third parties

2. Surviving Provisions: Specify any provisions from the original agreement that will survive termination

3. Non-Compete and Non-Solicitation: Include when parties wish to maintain restrictions on competition post-termination

4. Tax Implications: Include when there are significant tax consequences to address

5. Dispute Resolution: Include when parties want to specify mechanism for resolving any future disputes

6. Confidentiality: Include when parties wish to maintain confidentiality obligations post-termination

7. Public Announcements: Include for publicly listed companies or when public disclosure needs to be managed

Suggested Schedules

1. Schedule 1 - Original Shareholders Agreement: Copy or key details of the agreement being terminated

2. Schedule 2 - Share Ownership Details: Current shareholding structure and any changes upon termination

3. Schedule 3 - Settlement Statement: Details of any financial settlements between parties

4. Schedule 4 - Company Property Register: List of company property to be returned or transferred

5. Appendix A - Board Resolutions: Copies of relevant board resolutions approving the termination

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

































Clauses






























Relevant Industries

Technology

Manufacturing

Professional Services

Retail

Real Estate

Financial Services

Healthcare

Agriculture

Construction

Mining

Energy

Transportation

Hospitality

Education

Media and Entertainment

Relevant Teams

Legal

Corporate Governance

Board of Directors

Executive Leadership

Finance

Compliance

Corporate Affairs

Company Secretariat

Risk Management

Investor Relations

Relevant Roles

Chief Executive Officer

Managing Director

Company Director

Company Secretary

Chief Financial Officer

Legal Counsel

Corporate Lawyer

Compliance Officer

Board Member

Chairman

Shareholder

Chief Legal Officer

Chief Operating Officer

Investment Manager

Corporate Governance Officer

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Release Of Contract (Real Estate)

A New Zealand-compliant legal document that terminates and releases parties from their obligations under an existing real estate contract.

find out more

Real Estate Contract Termination

A New Zealand legal document that terminates a real estate sale and purchase agreement, outlining termination terms and mutual releases between parties.

find out more

Cancellation Agreement (Real Estate)

A New Zealand-compliant agreement that formally terminates a real estate sale and purchase contract, outlining cancellation terms and mutual releases.

find out more

Ending Lease Agreement Letter

A formal letter compliant with New Zealand property law that officially notifies the intention to terminate a lease agreement and outlines the termination process.

find out more

Termination Of Contract Letter To Employer

A formal notice document under New Zealand employment law for an employee to terminate their employment contract with their employer.

find out more

Termination Of Contract Letter To Employee

A formal letter compliant with New Zealand employment law that notifies an employee of their employment termination and outlines key termination details.

find out more

Tenancy At Will Termination

A New Zealand-compliant notice for terminating a tenancy at will arrangement, suitable for both residential and commercial properties.

find out more

License Termination

A New Zealand-compliant agreement that formally terminates a license arrangement between parties, outlining cessation terms and post-termination obligations.

find out more

Periodic Tenancy Termination

A New Zealand-compliant notice document for terminating a periodic residential tenancy agreement under the Residential Tenancies Act 1986.

find out more

Termination Of Shareholders Agreement

A New Zealand law-governed document that formally terminates an existing Shareholders Agreement and settles all related obligations between parties.

find out more

Shareholder Exit Agreement

A New Zealand law-governed agreement that documents the terms and conditions for a shareholder's exit from a company, including share transfer details and post-exit obligations.

find out more

Service Contract Termination Letter

A legally compliant New Zealand document for formally terminating service contracts between business parties.

find out more

Mutual Termination Of Tenancy Agreement

A New Zealand law-compliant agreement that documents the mutual consent of landlord and tenant to terminate an existing tenancy agreement early.

find out more

Rental Contract Cancellation

A New Zealand-compliant agreement for the mutual termination of a residential tenancy, covering all essential aspects of lease cancellation including final settlements and obligations.

find out more

Termination Letter To An Employee

A New Zealand-compliant formal letter documenting the termination of employment, including termination terms, final payments, and post-employment obligations.

find out more

Fixed Term Tenancy Termination

A New Zealand compliant notice document for terminating a fixed-term residential tenancy agreement under NZ tenancy law.

find out more

Termination Of Sale Agreement

A New Zealand law-governed agreement that formally terminates an existing sale arrangement between parties, including settlement terms and mutual releases.

find out more

Termination Of Property Management Agreement

A New Zealand-compliant agreement that formally terminates a property management arrangement between an owner and management company, including handover procedures and mutual releases.

find out more

Termination Of Storage Agreement

A New Zealand-compliant legal document that terminates an existing storage agreement, establishing terms for unit clearance and final settlement.

find out more

Real Estate Termination Agreement

A New Zealand-compliant legal agreement that terminates an existing real estate sale and purchase contract, outlining termination terms and mutual releases.

find out more

Termination Of Business Contract

A New Zealand-compliant agreement for formally terminating an existing business contract, outlining termination terms, settlements, and mutual obligations.

find out more

Cancellation Of Contract To Sell

A New Zealand-compliant legal document that formally terminates a contract to sell, outlining cancellation terms and mutual release of obligations.

find out more

Termination Of Tenancy By Tenant

A New Zealand-compliant notice document used by tenants to formally terminate their tenancy agreement with their landlord or property manager.

find out more

Termination Of License Agreement

A New Zealand law-governed agreement that formally terminates an existing license arrangement between parties, detailing termination terms and post-termination obligations.

find out more

Early Termination Of Employment Contract

A mutual agreement for early termination of employment under New Zealand law, setting out termination terms, final payments, and ongoing obligations.

find out more

Termination Of Land Lease Agreement

A New Zealand-compliant legal document that formally terminates a land lease agreement, specifying termination terms and property surrender conditions.

find out more

Mutual Agreement To Terminate Employment

A New Zealand-compliant agreement documenting the mutual decision between employer and employee to end their employment relationship.

find out more

Termination And Release Agreement

A New Zealand-compliant agreement that formalizes employment termination and provides mutual releases between employer and employee.

find out more

Release Of Contract Letter

A formal document under New Zealand law that terminates contractual obligations between parties, providing legal release from specified contractual duties.

find out more

Mutual Separation Agreement Employment

A New Zealand-compliant agreement documenting the mutual termination of employment, setting out separation terms and conditions agreed between employer and employee.

find out more

Commercial Lease Termination Agreement

A New Zealand law-governed agreement for terminating a commercial lease, setting out termination terms and mutual obligations between landlord and tenant.

find out more

Cancellation Of Purchase Agreement

A New Zealand law-compliant document that formally terminates an existing purchase agreement, outlining cancellation terms and mutual releases.

find out more

Mutual Cancellation Agreement

A New Zealand law-governed agreement that formally terminates existing contracts by mutual consent of all parties, outlining termination terms and mutual releases.

find out more

Joint Venture Termination Agreement

A New Zealand law-governed agreement that formally terminates a joint venture arrangement and sets out the terms for dissolving the business relationship.

find out more

Termination Settlement Agreement

A New Zealand-compliant agreement that formalizes employment termination terms and mutual obligations between employer and employee.

find out more

Loan Termination Agreement

A New Zealand law-governed agreement that formally terminates a loan arrangement between parties, including settlement terms and mutual releases.

find out more

Employment Termination Agreement

A New Zealand-compliant agreement that formally documents the termination of employment and sets out the terms and conditions agreed between employer and employee.

find out more

Tenancy Termination Letter

A formal notice under New Zealand law used to terminate a residential or commercial tenancy agreement, complying with the Residential Tenancies Act 1986.

find out more

Mutual Termination Agreement

A New Zealand law-compliant agreement for the mutual and amicable termination of an existing contract between parties, including settlement terms and releases.

find out more

Employee Exit Agreement

A New Zealand-compliant agreement that documents and formalizes the terms of employment termination between an employer and employee.

find out more

Exit Agreement

A New Zealand-compliant agreement that documents employment termination terms, including final payments, obligations, and mutual releases.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.