27. Failure to make a payment required under this Firearms Provision or not to transfer the shares in accordance with this Firearms Provision shall be deemed a breach of contract, and the non-defaulting party shall be entitled to 75% of the price, in addition to any other legal or right of convenience remedies, and may decide, by written notice within 30 business days of withdrawal, the shares of the defaulting party at 75% of the Inherit Price. The agreement may also mention that all disputes arising from the Treaty fall within the exclusive jurisdiction of a given court. Typically, share transfer models have a clause that talks about what actions to take when a party to the agreement violates the terms of that agreement. An arbitration clause is present in most agreements and states that when a clause of the agreement is violated or disputes arise with respect to the terms of the agreement, the matter will be settled through arbitration. The clause indicates the place where the arbitration will take place, i.e. the seat of the arbitration, the language in which the proceedings will be conducted and the manner in which the arbitrators will be appointed. (a) `board of directors` means the board of directors of the undertaking; (b) “working day” means a day other than a Saturday, Sunday or public holiday; (c) `fair market value` means the fair value defined in this Agreement; d. “party” or “party” means all shareholders and the enterprise; e.
“share” or “shares” means a share or share in the capital of the corporation; f. “shareholder” means each of the shareholders who is or becomes a shareholder of the enterprise; g. `shareholders` means two or more of the shareholders who are shareholders of the company or who will later become shareholders. h. For the purposes of interpreting this Agreement and the rights and obligations of shareholders under this Agreement, the articles of association of the company shall be read, to the extent possible, in such a way that the provisions of this Agreement take effect. PandaTipp: Maybe you want to initialize the pages of this contract to make sure that the calendar cannot be changed later. WHEREAS the contemptuous is the registered owner of the shares or shares referred to in Schedule A (the “Shares”). 28. If there are more than two shareholders of this agreement, the initiating shareholder may make an initiating offer to one of the other shareholders, and the procedure in this shot gun provision is considered as if there were only two shareholders. The initiating shareholder may also submit an offer to the other shareholders as a group, and the other shareholders will either enter into an agreement between themselves to purchase the shares of the initiating shareholder, or they will choose as a group to sell all their shares to the initiating shareholder, and the procedure in this shot gun provision will be applied. .