One of the main advantages of a shareholders` pact is the sale of its shares. A shareholder pact should provide a way to evaluate the shares. Outgoing shareholders can see this as a way to ensure that they get the maximum return on their invested money, and the remaining shareholders will want to ensure that their business is not crippled by an oversized payment. Several clauses such as a non-compete clause for an outgoing shareholder, provisions relating to the distribution of dividends can be included in the agreement in order to adapt the company to future needs. To amend the memorandum and the statutes of the company, only a special resolution (75% of the members) is required. If parties wishing to amend a shareholder pact, all parties who signed the original agreement must accept the proposed amendment. Should there be a shareholder pact in addition to the statutes of a company? There is no doubt that a shareholder contract has many advantages, but there are some drawbacks, when such a contract is in force, are: a shareholder contract contains the rights and obligations of a company`s shareholders and generally covers matters that govern management and structure, initial and ongoing financing, and the administrative and commercial activities of the company. A shareholders` pact is, in most cases, an agreement or contract between the shareholders of a company. The agreement generally governs the relationship between shareholders and how the company is managed. As we shall see, a shareholders` pact offers shareholders the opportunity to obtain additional rights or extend their existing rights. Each shareholder pact should be tailored to the particular circumstances of the company and its shareholders. There is really no problem with a shareholders` agreement being reached. In almost all cases, shareholders, whether majority or minority, will be in a better position than if they relied only on the terms of a company to settle the affairs of the company and the relations between shareholders.