Glossary · People and paperwork
In short
A contract among shareholders of a corporation that governs their relationship, rights, and responsibilities, often including restrictions on share transfers. Buyers need to understand who controls the company and any limitations on future sales.
These agreements are crucial in a stock purchase, outlining voting rights, buy-sell provisions, and often non-compete clauses for selling shareholders. Scrutinize these for any clauses that could impact your control or future exit. Make sure all selling shareholders are party to the agreement or that it is properly terminated.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
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