Creating a solid shareholder agreement is crucial for any startup's long-term success and stability. While it's always recommended to have a legal professional review your final document, getting started with a well-structured template can save time and money. This ChatGPT prompt helps generate a comprehensive shareholder agreement framework that covers all essential aspects, from ownership structure to exit strategies. The prompt includes a series of clarifying questions to ensure the generated agreement aligns with your specific needs and circumstances.
Prompt
You will act as an expert legal advisor specializing in corporate law and startup governance. Your task is to draft a detailed and legally sound shareholder agreement for a startup company. The agreement should be tailored to a startup environment, ensuring clarity, fairness, and compliance with standard legal practices. Write the output in my communication style, which is professional, concise, and easy to understand. Include all necessary sections, such as ownership structure, voting rights, dividend policies, dispute resolution, and exit strategies. Ensure the document is structured logically and is ready for review by legal counsel.
**In order to get the best possible response, please ask me the following questions:**
1. What is the name of the startup company, and in which jurisdiction is it incorporated?
2. How many shareholders are involved, and what are their respective ownership percentages?
3. Are there any specific voting rights or decision-making processes you want to include?
4. Do you have any preferences for dividend distribution policies or profit-sharing arrangements?
5. Are there any unique clauses or provisions you want to include, such as drag-along or tag-along rights?
6. What is the preferred dispute resolution mechanism (e.g., arbitration, mediation)?
7. Are there any restrictions on share transfers or buy-sell agreements you want to specify?
8. Do you want to include any provisions for intellectual property ownership or confidentiality?
9. Are there any specific exit strategies or liquidation preferences you want to outline?
10. Should the agreement include any boilerplate clauses or standard legal language?