Minority Shareholder Agreement Template

Minority shareholder agreement template – Can the free legal documents offered on the Net be a replacement for consulting with a lawyer?

In some instances, most definitely.

To provide a simple illustration: The law in your state may require a written contract for the sale of goods over a certain value. Or for that matter, you might choose to give your parent a power of attorney to sell something on your behalf whilst away on holiday. It does not need specialized legal knowledge to compile a bill of sale for a motorcycle, automobile or other goods or to draw a limited power of attorney.

Similarly, a young person without a lot of assets might want to draft a last will and testament or a living will. For many young people a conventional legal template can be used to make their documents and the forms can be downloaded free from the web, without incurring legal expenses. Needless to say, it will be a different case for a billionaire with various assets and a complicated will where consultation with a legal or financial expert is priceless.

Many parents recognize the need for a medical consent form for a babysitter in the event of a medical emergency. Or they might need a broader temporary guardianship form when their child will be staying with a family member or trusted friend. These sample forms are freely available online.

Free legal documents are particularly valuable when they’re also accompanied by legal guidelines on how to complete them.

Even though the law recognizes oral agreements, it always makes sense to get it in writing to avoid arguments over what exactly was agreed upon. Applying sample legal documents to compile your own contracts is no different to lawyers using their present templates for standard agreements.

Of course there are many instances where you must consult with a lawyer. Again, you may use the free legal documents and free legal information available on the world wide web to do your preparation ahead and so lower the consulting period – and hours billed. Please check out our minority shareholder agreement template on the attachment page.

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