Paris Partner Rémy Blain was quoted Feb. 6 by Le Figaro concerning shareholders' agreements. To preserve their business, a company’s founders must anticipate any conflicts that may arise between shareholders. The shareholders' agreement is a contract that organizes relations between founders and provides for solutions in the event of conflicts. Confidential and complementary to the company's articles of association, it includes clauses governing the corporate governance structure, the movement of the company's shares, as well as the proper functioning of the agreement, and in particular the conditions for the entry and exit of shareholders. In this interview, Blain analyzes the case where one of the partners disappears and discusses the notions of "good leaver" and "bad leaver" in the valuation of the shares of the partner concerned.