Shareholders’ Agreement in the Crossroads of Philosophy of Law

This article is devoted to the identification and analysis of the essence and content of shareholders‟ agree-ments as innovative tools in the context of philosophy of law, as well as legal consequences and liability measures arising in case of violation of a shareholders‟ agreement. The article deals with the issues of conclusion, execution of a shareholders‟ agreement, enforcement, termination of obligations, as well as liability arising from violation of a shareholders‟ agreement.Referring to the experience of foreign countries, it was proposed to introduce a number of liability measures under the legislation of the Republic of Armenia: options, “default”, “bad leaver”, “discount”, etc.On the other hand, exploring the features of a sharehold-ers‟ agreement in venture joint-stock companies, we have proposed to legislate the mechanism of an investment and/or shareholders‟ agreement.