Although not required, it is extremely valuable for Owners' Agreements, such as Shareholder Agreements, LLC Agreements and Joint Venture Agreements to be in writing. In closely held businesses, a shareholder dispute is what typically causes a Company to crumble. Shareholders and partners of privately held companies should protect themselves during the formation process and reduce oral agreements to writing. Certain provisions to include provide for buy-sell methods, decision making ability, and deadlock and dispute resolution procedures. Making sure that these types of clauses are in writing before a problem arises could be the key to a Company's ultimate success.