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Shareholder Separation Agreement
"Need a Shareholder Separation Agreement for our Singapore tech startup, where one founding shareholder (holding 25% shares) is leaving to start their own venture on March 1, 2025, and we need strong non-compete provisions and a 12-month payment schedule."
1. Parties: Identification of all shareholders involved in the separation
2. Background: Context of the separation and current shareholding structure
3. Definitions: Key terms used throughout the agreement
4. Share Transfer Terms: Details of the transfer including pricing and payment terms
5. Representations and Warranties: Statements of fact and assurances from all parties
6. Completion Mechanics: Process and timing for executing the separation
7. Governing Law: Specification of Singapore law as governing law
1. Non-Compete Provisions: Restrictions on future business activities - used when protecting company interests from departing shareholder competition
2. Confidentiality: Obligations regarding company information - used when departing shareholder had access to sensitive information
3. Employment Termination: Terms of employment cessation - used when departing shareholder is also an employee
4. Intellectual Property Rights: Assignment or retention of IP rights - used when departing shareholder was involved in IP creation
1. Share Certificate Details: Copies of relevant share certificates and transfer forms
2. Valuation Report: Independent valuation of shares being transferred
3. Payment Schedule: If payment is to be made in installments
4. Company Information: Key company details and current shareholding structure
5. Resignation Letters: If applicable, from relevant corporate positions
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