Hajar Benyachou: “A shareholders’ agreement is like a marriage contract, only with divorce rules!”

In an interview published by Femmes du Maroc, Hajar Benyachou breaks down the key legal issues around fundraising and shareholders’ agreements. She walks through the critical steps to prepare ahead of a raise—due diligence, customer and supplier contracts, and governance—along with the most common mistakes women entrepreneurs make in negotiations, notably underestimating the impact of the term sheet and the shareholders’ agreement clauses. She also shares practical ways to protect strategic vision and decision-making power when dealing with demanding investors.

Hajar Benyachou also outlines funding options suited to early-stage startups—friends and family, crowdfunding, public grants, and business angels—and highlights the importance of initiatives supporting women’s entrepreneurship in Morocco.

👉 Read the full interview on Femmes du Maroc