It is likely that these subscription rights should be abandoned, e.g. venture capitalists). 13.1 A shareholder of the Company does not have, directly or indirectly, the right to participate in matters that are directly or indirectly in competition with the Company. In strict legal theory, the relationship between shareholders and those between shareholders and the company is governed by the company`s constitutional documents. [Citation required] However, if there is a relatively small number of shareholders, as in a startup, it is practical practice for shareholders to complete the constitutional document. . . .