Sample Shareholder Agreement For Startup

Sample shareholder agreement for startup – Can the free legal documents provided on the Internet be a replacement for consulting with an attorney?

In some cases, most definitely.

To give 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 may choose to give your parent a power of attorney to sell something on your behalf whilst away on holiday. It does not require specialized legal knowledge to compile a bill of sale for a motorcycle, automobile or other goods or to draw a limited power of attorney.

Likewise, a young person without plenty of assets might want to draft a final will and testament or a living will. For most young people a standard legal template can be used to make their documents and the forms can be downloaded free from the web, without incurring legal expenses. Of course, it’ll be a different case for a billionaire with various assets and a complicated will where consultation with a legal or financial expert is invaluable.

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

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

Although 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 not any different to lawyers using their existing templates for standard agreements.

Of course there are several instances where you must consult with an attorney. Again, you can use the free legal documents and free legal information available on the Internet to do your preparation ahead and so reduce the consulting period – and hours billed. Please have a look our sample shareholder agreement for startup on the attachment page.

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