Deed of Accession
This do-it-yourself document generator helps you draft a custom Deed of Accession that binds an incoming shareholder to an existing securities agreement in minutes.
How does it work?
Our intuitive tool will guide you through the process step-by-step from start to finish. It’s quick, easy and simple to understand – just how legal documents ought to be.
The expert interview wizard will help you answer a few questions and prepare your document in the background. You’ll have your custom Shareholders or Unitholders Deed in 10 minutes or less.
When you’re done, print or download a PDF version for you to review, customise or sign.
What is a Deed of Accession ?
A Deed of Accession is a deed that binds a person to an existing shareholders agreement. It is sometimes also known as a Deed of Adherence.
A new shareholder (who is not a party to the shareholder agreement) can sign a Deed of Accession to the shareholders agreement. Upon signing this, the new shareholder is required to comply with the shareholders agreement’s provisions.
Deeds of Accession are also beneficial in saving everyone time and money. For example, it removes the need to draft lengthy shareholders agreements each time new shareholders choose to invest in the company. Instead, you can arrange for the Deed of Accession to be signed by each new shareholder.
When should I use it?
New shareholders should sign a Deed of Accession as soon as they become a shareholder. Signing a Deed of Accession also ensures the new shareholder receives the benefit of the rights given to shareholders under the shareholders agreement.
What topics does the Deed of Accession cover?
- Definitions and interpretation
- Commencement and termination
- Relationship of parties
- Powers, rights and remedies
- Entire agreement and understanding
- Governing law and jurisdiction
What are the main decisions I need to make in creating a Deed of Accession ?
- What do you want to call this agreement?
This document is used to bind an incoming holder of securities to an existing Shareholders’ Agreement, Unitholders’ Agreement, Joint Venture Agreement or similar document. It is executed as a deed poll by the incoming holder of securities in favour of all parties to the existing agreement. You can call it either a Deed of Accession or Adherence.
- In what capacity will the Acceding Party hold securities?
If the original agreement divides the holders of securities into different groups (eg, Founders, Investors, etc), you can specify to which group the incoming investor will belong. Alternatively, you can choose the generic term (eg, Securityholder, Shareholder, etc) that matches the appropriate definition in the original agreement.
- What type of securities is the new party acquiring?
This document can be used with a wide variety of securities. Examples are company issued options, contributing shares, preference shares, and ordinary shares
What other names does Deed of Accession go by?
- Deed of Adherence
- Deed of Accession to Shareholder’s Agreement
- Deed of Accession to Shareholder’s Deed
- Deed of Accession to Securityholder’s Agreement
- Deed of Accession to Securityholder’s Deed
Frequently Asked Questions
The parties involved are the company and the new shareholder; or the or unit trust and the new unitholder.
Yes, this agreement becomes legally binding on all parties involved once it is signed off.
- Applicant details
- Security issuing company details (ACN, Name, Place of Business)
- Date of Principal Agreement
- Type and number of shares/securities being offered
- Subscription price
- Choice of Governing Law
- Dispute Resolution choices
If desired, you can include details of the existing parties to the Principal Agreement, in which case those details will be added in a schedule to the deed poll.
There are several signing options available. How you sign largely depends on where the parties are located and if they will attend signing together. You can print on paper and sign, or use electronic signature tools such as Docusign or Hellosign.
This document can be used with a wide variety of securities. Examples are company issued options, contributing shares, preference shares, and ordinary shares.
If you need a hand, we’ve got your back. Should you need any assistance please contact us directly, we are always happy to help.
If you have any questions or are uncertain about any aspect of the document, please do not sign it or use it. Contact us directly and we will be happy to assist.
Absolutely! Get in touch with us and we can provide a fixed-fee price to review it.
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Not quite right? Looking for something else?
What other documents may I need?
If you’re interested in a Deed of Accession you might also need to think about:
- Company Constitution — A company constitution contains a lot of the relevant information needed like the company registration details.
- Securities Issuance Pack — This pack is vital as it includes resolutions of the director(s) for the issue of the shares, an application form for the shares, as well as a ‘share certificates’ for officially issuing the shares.
- Shareholders Agreement — A shareholder agreement documents the relationship between shareholders and your business
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