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Seed / Series A · Template 29 of 40

Shareholders’ Agreement (investor round)

Use it when investors have joined and need full governance terms.

  • About 7 pages
  • 14 drafting notes in the margin
  • 12 clauses
  • Word (.docx)
  • England and Wales
  • Updated November 2026

What is in it

  1. Definitions and interpretation
  2. Status and the Articles
  3. Business and Board
  4. Reserved matters
  5. Information and reporting
  6. Issuing shares and pre-emption
  7. Transfers of shares
  8. Tag-along and drag-along
  9. Founders’ commitments and leavers
  10. Restrictive covenants and confidentiality
  11. Deadlock and exit
  12. Warranties and general

Plus a schedule of the commercial details and signature blocks where the document needs them.

Read the opening

The first part of the template, as it reads in Word. Blanks are shown as lines; the drafting notes sit in the margin of the file.

SHAREHOLDERS’ AGREEMENT

This Agreement is made on ____________________ between:

(1) ____________________ LTD, a company registered in England and Wales (registration number ____________) whose registered office is at ______________________________________________ (the “Company”);

(2) The persons named in Part A of Schedule 1 (the “Founders”); and

(3) The persons named in Part B of Schedule 1 (the “Investors”).

Background

(A) The Investors have subscribed for shares in the Company on the terms of a subscription agreement dated on or about the date of this Agreement (the “Subscription Agreement”).

(B) The parties wish to record how the Company will be managed and how they will deal with their shares.

1. Definitions and interpretation

“Articles”: the articles of association of the Company adopted on or about the date of this Agreement, as amended.

How it works

  1. Pay by card. The download starts at once and the link keeps working.
  2. Open the Word file. Fill in the blanks, pick the options marked with boxes, read each note in the margin.
  3. Delete the notes and the notice box, then sign. Or send it to us for a fixed-fee check first.

Word template

£149 Instant download

One-off. No account needed. No VAT to add. Stripe emails a receipt you can use as an invoice.

Or fill it in online (platform plan)
  • Drafted by a solicitor for England and Wales
  • Drafting notes explain every choice
  • Instant download, link works again later
  • Last updated November 2026
  • £50 off a fixed-fee review once filled in (from £99)

Part of a pack

Seed round pack, £299

8 documents for raising your first outside money.

See the pack

Need more than one?

Complete template library, £299

All 40 documents, with the index and guide.