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Describe the stages in the formations of alliances.
Derivative Action
A lawsuit brought by a corporation shareholder against the directors, management, or other shareholders of the corporation for a failure in duty that harmed the corporation.
Oppression Remedy
A legal remedy designed to protect minority shareholders in a company from unfair treatment or abusive actions by majority shareholders or the company's directors.
Shareholders' Agreement
A contract among the shareholders of a company that specifies their rights, obligations, and the company's operational procedures.
Special Act Corporation
A corporation that is created by a specific act of a legislature, tailored for a particular purpose or corporation.
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