Unitholders Agreement Checklist

This agreement includes, inter alia, the conditions under which a person may (or must leave) the unit trust system, decision-making, management of trust activities, meetings and voting rights, distribution of profits, capital deposits, cost-sharing and dispute settlement. Independent parties typically use a trust to invest in a particular development or project. It can sometimes be tempting for someone to put their own interests ahead of investment. Accordingly, an agreement on proportional owners should address this risk in the agreement through non-competition clauses, conflicts of interest and confidentiality clauses. This clause requires shareholders to protect the trust`s business interests by not disclosing details of the trust`s outside activities. A confidentiality clause also provides other shareholders with a mechanism to claim damages in the event of a breach. . . .

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LORRI WALTERS Realtor®

If you’re ready to make that next step, all I ask is that you give me a call and we can sit down and chat about your needs and the best way I can help with your next purchase, sale or future investment. At the end of the day, I am here for you, and I’ll never let you settle for a home that you’re not 100% satisfied with.