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Buy-Sell Provisions for Shareholder Agreement
These optional buy-sell provisions can be inserted into a Shareholder Agreement to provide for the purchase and sale of shares among the shareholders of a company.
- The remaining shareholders have right of first refusal to purchase a departing shareholder's shares.
- Any buy-sell offers made during the notice period are irrevocable.
- The purchase price must be paid in full on closing.
- These Shareholder Agreement Buy-Sell Provisions are generic (not country-specific) and can be used in many jurisdictions.
- Available as a downloadable MS Word file.
$6.29
Checklist for Shareholder Buy-Sell Agreement | Canada
Learn how to prepare a Shareholder Buy-Sell Agreement with this checklist for Canadian companies.
- What would happen to your business if one of the owners dies or is no longer able to work? A Shareholder Buy-Sell Agreement provides for continuity of the business in those events.
- Topics included in the Checklist are:
- qualification of shares for capital gains exemption;
- provisions of any existing formal shareholder agreement;
- terms of purchase or redemption (or both) of a deceased shareholder's shares using proceeds of life insurance policies on the life of the deceased;
- whether life insurance policies will be held by the corporation, by the other shareholders or by a trustee.
- This is a fully editable legal form in MS Word format which can be customized to fit your circumstances.
- Governed by Canadian tax laws and ntended to be used only in Canada.
$12.49
Drag Along, Tag Along Clause for Shareholder Agreement
This drag along, tag along clause can be inserted into a shareholder agreement to govern how the sale of shares from a shareholder to an arm's length third party must be conducted.
- The share purchase agreement must include an offer by the buyer to purchase a pro rata share of the other shareholders' shares on the same terms and at the same time.
- The terms apply to arm's length transactions only. The clause contains a definition of which parties are not considered arm's length.
- A Drag Along, Tag Along Clause is an exit strategy that protects the rights of minority shareholders while at the same time giving majority shareholders a means to force other investors to exit at the same time.
- Available in MS Word format.
$2.29
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Shareholder Agreement with Put Option | Canada
A Shareholder Agreement protects the interests of a corporation's shareholders and minimizes the risks of share ownership. This Canadian template contains a buy-sell or "put" option.
- This is a Canadian legal form which can be used anywhere in Canada except Quebec.
- The Shareholder Agreement establishes the obligations of the shareholders and the corporation to each other, and sets out any restrictions on share transfers or the issue of new shares.
- The remaining shareholders have a right of first refusal to acquire the shares of a departing shareholder, before the shares can be offered to a third party.
- A departing shareholder also has a buy-sell or 'put' option, which would require the remaining shareholders to purchase his/her shares. The put option is available only after the departing shareholder has been unsuccessful in finding a third party purchaser for a period of 6 months.
- The template contains buy-sell options for both an assured buy-out and a mandatory or 'shotgun' buy-sell.
- If a shareholder dies, the surviving shareholders have the option to buy the deceased shareholder's shares, failing which they must be purchased by the corporation.
- The Shareholder Agreement can serve to avoid unnecessary conflict by having the owners agree on management issues and exit strategies at the outset.
$29.99
Shareholder Agreement Guide | Canada
Discover the legal and practical issues you need to consider when entering into a shareholder agreement with this Shareholder Agreement Guide and Checklist for Canadian companies.
- Topics in the Guide include:
- how to avoid misunderstandings between shareholders;
- distribution of profits;
- decision-making;
- exit strategies;
- employee shareholders;
- default by a shareholder;
- disability or death;
- loss of shareholder control.
- Available as a PDF download.
- This checklist was created for use in Canada.
$29.99
