Shareholders’ agreement: the clauses you need to know before signing, according to the Galion Project

▤ Summary

The Galion Project is releasing a new commented shareholders’ agreement template to help founders move from term sheets to binding investment documents. The guide covers key negotiation points such as liquidation preference, governance thresholds, board control, leaver clauses, and exit mechanics. It aims to prevent founders from underestimating how much the shareholders’ agreement can reshape the economics and control of a company. The document is meant as a negotiation base, not a final signature-ready contract, and it is available for download on the Galion Project website.

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