Valuation of a company can be a lengthy and expensive process and can be detrimental to shareholders if done before the company has begun to grow. Shares in junior companies are often not valued until the company has grown to the requisite size or reached certain milestones. The valuation of shares provision should lay out a coherent, predictable way for shares or the company to be valued so as not to prejudice any of the shareholders in case they want to exit the company.