It is also not uncommon, especially when all shareholders are parties to the shareholders` pact, that the company is also a party to the agreement. In this case, the legal status of a shareholders` pact is very similar to that of the company, i.e. a contract between the shareholders themselves and the shareholders and the company. The results of the terms of a shareholder contract should be these things: beyond the data protection element, companies with complex decision-making mechanisms designed to protect the interests of several shareholders, a potential contractor who reads the Constitution can gain a bargaining advantage by realizing the internal power dynamics of the company. This includes the Tribunal`s power to order the rectification and rectification of written contractual conditions, so that it faithfully renders the original agreement of the contracting parties. The original or previous agreement may have been oral or written, but due to an error, it was not properly reproduced in the final document. Many successful companies are known to have shareholders who have turbulent relationships. A business relationship, good or bad, can have a big influence on a company`s success or not. As a general rule, the operation of the company is left to the board of directors. However, shareholders may believe that there are certain decisions that should not be left to the discretion of the directors and instead require shareholder agreement, which is particularly relevant if there are directors who are not shareholders. What a shareholders` pact should normally include: this fair remedy, like other just correctors, is of importance of assessment.
When granted, the court orders the re-establishing the status quo ante, that is, the position in which the parties placed themselves before the contract, whereas when a contract is revoked for violation, the effect is not retroactive. This method is often used in relation to errors and misrepresentations.