Shareholder Accession DeedA Shareholder Accession Deed is a simple deed to add a new shareholder to an existing Shareholder Agreement.
A Shareholder Accession Deed is a written agreement which new shareholders usually sign before formally becoming a shareholder. This Deed confirms that the new shareholder consents and agrees to be bound by the terms of the existing shareholders agreement. In contrast with Company Constitutions, Shareholders Agreements are actually only enforceable upon those who originally sign it. This will save the original shareholders from having to issue new Shareholders Agreements each time new shareholders come on board.
Use this document if:
- You want to add a new shareholder or issue new shares in the company
- You intend to become a new shareholder in the company
Other names for a Shareholder Accession Deed include:
- Deed of Accession
- Deed of Adherence