Shareholders Agreements Are Entered into by the Shareholders of Many

question 17

Essay

Shareholders agreements are entered into by the shareholders of many closely held corporations.What are the purposes of such agreements? What are the risks for shareholders of entering into such agreements? Under what circumstances should a court refuse to enforce such agreements?

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Definitions:

Superego

In psychoanalytic theory, the part of the personality that represents moral standards, conscience, and the ideal self.

Conscious

Being aware of and able to think about one's own existence, sensations, thoughts, and environment.

Unconscious

A part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Discontinuous Change

Development that occurs in distinct steps or stages, with each stage bringing about behavior that is assumed to be qualitatively different from behavior at earlier stages.