Companies Law

1. Incorporators, partners, or shareholders may, whether during or after the company’s incorporation period, carry out the following: a) Conclude one or more agreements regulating their relationship with each other or with the company, including the manner in which their heirs join the company, whether personally or through a company incorporated for such purpose. b) Conclude a family charter that includes the regulation of family ownership in the company; governance and management; work policy; employment policy of family members, distribution of dividends, and disposition of interests or shares; procedures for the settlement of disputes or disagreements; and other matters. 2. A partnership agreement or family charter shall be binding and may be part of a company’s articles of incorporation or articles of association, provided it does not violate this Law nor the company's articles of incorporation or articles of association.