The shareholders agreement provisions outlined above are typical but not simple; careful consideration should be given to the legal principles underlying these provisions and the drafting required to effect them. Based on the needs of the shareholders, an agreement may not require each of the above provisions, may require additional provisions, or may be better suited to a governing law other than Delaware or New York. The preferences and objectives of each shareholder and each corporation are unique, and care should be taken in drafting a shareholders agreement to ensure that it comports with the intent of the parties.
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