Customers who bought this item also bought
Right of First Refusal Agreement to Acquire Shares
Grant a right of first refusal to another shareholder with this Right of First Refusal Agreement to Acquire Shares template.
- The Agreement grants one shareholder a first right of refusal to acquire shares owned by another shareholder ('granting shareholder').
- The right is granted pursuant to the winding up of a third shareholder (a company solely owned by the granting shareholder) and the transfer of the third shareholder's share interest to the granting shareholder.
- This is a generic legal form which is not specific to any country or region.
- The Right of First Refusal Agreement to Acquire Shares is available in MS Word format and is fully editable to fit your needs.
$11.99
Shotgun Clauses and Owner Managers
Should your company shareholder agreement include a shotgun clause? Learn more about these provisions from an owner-manager's perspective, with this introductory article entitled "Shotgun Clauses & Owner Managers".
- A 'shotgun clause' or 'buy-sell clause' is a provision in the agreement that states if a shareholder wants out of the company, he/she can force the other shareholders to buy his/her shares.
- This article discusses the benefits and pitfalls of shotgun clauses, and the situations in which they work best.
- The author is an Ontario lawyer, with expertise in buy-sell agreements and other shareholder issues.
$6.29
Right of First Refusal Clause for Shareholder Agreement
This Right of First Refusal clause can be inserted into a Shareholder Agreement to govern how a shareholder disposes of its shares.
- If a shareholder receives an arm's length offer from a third party to purchase its shares, the selling shareholder must give the other shareholders a right of first refusal to buy the shares before selling them to the third party.
- The clauses are downloadable and customizable.
- These generic clauses can be used in any common law country.
- Available in MS Word format.
$2.29
Triggering Events for Share Sales in Shareholder Agreements
Learn about the types of events which trigger a sale of shares under a Unanimous Shareholder Agreement, and the methods used to implement the sale.
- Triggering events include:
- right of first refusal;
- default buy-sell;
- shotgun or forced sale;
- transfer on death.
- Available as a PDF download.
$0.00
Alberta Unanimous Shareholder Agreement
Every corporation with more than 1 shareholder should have a shareholder agreement in place, like this Unanimous Shareholder Agreement for Alberta corporations.
- A shareholder may transfer its shares to an affiliate provided that the affiliate agrees to be bound by the terms of the Agreement. If the affiliate ceases to be an affiliate, the shares will be transferred back to the original shareholder.
- If shareholder guarantees are required to secure the corporation's debt, each shareholder will provide its guarantee for a proportionate share in relation to his/her shareholdings. If a shareholder disposes of his interest in the corporation, the corporation will use best efforts to release and discharge his guarantee.
- The corporation has a right of first refusal to purchase the shares of any shareholder wishing to dispose of his shareholdings. The founding shareholders have a right of second refusal, and the other shareholders have a right of third refusal.
- Provisions for shot-gun buy-sell offers.
- Provisions for a call by the other shareholders if a shareholder becomes involved in a divorce or matrimonial property settlement.
- Provisions for a buy-sell upon the death or disability of a shareholder.
- Provisions for a call by the corporation if a shareholder ceases to be employed or contracted by the corporation.
The Alberta Unanimous Shareholder Agreement template can be easily customized for your exact needs. Download yours today.
$29.99