Case Study: Malvern Engineering

How Contract Zone helped Greg save time and money when a minority shareholder left one of their group investment companies.

Meet Malvern Engineering company, established in 1947 as a general engineering shop servicing the mining industry. Thankfully like all businesses would wish for, they expanded their range to manufacturing a wide range of products. With growth, they attracted shareholders and have enjoyed many years of good business. Following good corporate governance, they formulated all relevant legal documents and got on with servicing their clients.

Until … “We had a minority shareholder leave one of our group investment companies and when we reviewed our contracts, we realised our shareholders agreement was outdated.”

Greg went online and googled Shareholders Agreements and quickly realised it was not going to be as simple as he thought. He required an agreement to be drafted by legal experts, but he didn’t have time to brief an attorney, and quite frankly, he didn’t really want to spend big amounts either.

Contract Zone popped up on his Google search, and Greg was amazed how the system guided him through the process of establishing an updated agreement, and even provided it as a Word document. Catastrophe alleviated.