Division of shares (ltd company) - Shareholder agreement

[prefab]

Hi, We are in the process of drawing up a 'shareholder' agreement for a ltd company. My partner and I think it would be a good idea if a clause were included that required any potential sale of shares by either party to be offered to the other party first. Would this be legally enforceable?

[Antonia @limeone.com]

It is a common clause and depending on the contents ie how it is written it is legally enforcable.