Governance Agreement
/ˈɡʌvərnəns əˈɡriːmənt/
Definitions
- (n.) A legally binding contract outlining the rights, responsibilities, and decision-making structure among parties in managing an entity or project.
The shareholders signed a governance agreement to define their roles and voting rights.
Forms
- governance agreement
- governance agreements
Related terms
See also
Commentary
Often used in corporate and organizational contexts to define authority and procedures; clarity in scope and dispute resolution provisions is crucial.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.