Customers who bought this item also bought
Share Purchase Agreement with Vendor Take-Back Provisions | Canada
Prepare a Share Purchase Agreement with Vendor Take-Back Provisions with this template form for Canadian corporations.
- A portion of the share purchase price will be paid by the purchaser to the vendor over time, secured by a promissory note.
- If the purchaser defaults, the promissory note will become due and the vendor may take back ownership of the shares (this is called vendor take-back).
- If the purchaser postpones consecutive payment, the second postponement will incur a late payment fee.
- The vendor's accountants will prepare closing financial statements.
- The purchaser must provide personal and corporate guarantees.
- The corporation's income taxes will be allocated between the parties in accordance with the closing.
- This Share Purchase Agreement with Vendor Take-Back Provisions is available as a fully editable MS Word document.
- This is a Canadian legal document.
$29.99
Ontario Share Purchase Agreement and Assignment of Shareholder Loans
Sell the shares of an Ontario corporation and transfer any existing shareholder loans with this Share Purchase and Assignment Agreement.
- The seller sells its shares and assigns the balance of shareholder loans still outstanding over to the buyer, who is taking over the business of the company.
- The purchase price will be allocated between the shares and the shareholder loans, at fair market value.
- The buyer is at liberty to contact customers, suppliers and employees to notify them of the change of control. The seller will operate the business until closing.
- The parties will each file any required tax elections with respect to the transaction.
- This template is available as a downloadable and fully customizable MS Word document.
- Intended for use only in the Province of Ontario, Canada.
$46.99