All articles by Avi Abramovich

Part 2 of Example of a Family Covenant Suggested format of a family covenant with different clauses, as may be relevant, part 2 of 2, clausues 8-16. 9. Ownership and transfer of Company shares Review (and amend if necessary) ownership structure with regards to various share types: Decide whether the family members that hold a management share can appoint themselves and/or anyone on their behalf to the board of directors Set the value of shares held by the founders, in the event of their death or incapacity. Formulate the terms and...