PandaTip: This model shareholder agreement defines the conditions under which company shareholders interact with each other and what happens if one or more wish to withdraw from the business or if something happens that requires a shareholder to exit or close the company. Topics selected during the preparation of a shareholder briefing paper Negotiation and draft of significant commercial agreements 15 February 16, 2006 St Andrew`s Club and Conference Centre 150 King St. w. toronto, Ontario mark a. surchin Partner goodmans. What is a partner`s contract? A shareholders` agreement is a document in which several shareholders of a company participate and describes the results and specific measures taken in the event of the departure of a shareholder from the company, whether voluntarily, involuntarily or when the company terminates trading. . . .