ONLINE LEGAL DOCUMENTS
The shareholder buy-sell agreement allows you to organize the administration of your business corporation and plan the disposition of shares upon the death or withdrawal of a shareholder from the corporation
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To add a clause concerning life insurance
To add a non-compete clause
To add a non-solicitation of customers clause
To add a non-solicitation of personnel/staff clause
To add a piggyback clause following third-party offer made in good faith
To add a clause regarding the compulsory buy-sell in case of dispute - " Shotgun"
To add a clause dealing with the holding of shares through a holding corporation or management corporation
To add a clause concerning disability insurance and obligations of the corporation
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The shareholder buy-sell agreement is an agreement among shareholders of a same business corporation. The shareholder buy-sell agreement usually governs: The administration of the corporation; The disposition of shares of a shareholder to third parties; The situation of a shareholder's death. Our shareholder buy-sell agreement is a document that provides the main provisions of which an overview is available in the " Summary" tab above.
For an agreement concerning the withdrawal in whole or in part of powers from the directors of a business corporation, you will have to sign a unanimous shareholder agreement. This document will meet your needs for a relatively simple shareholder buy-sell agreement. For an agreement whereof conditions are more complex, please contact .
The shareholder buy-sell agreement is designed to prevent potential disputes among shareholders. Your agreement may thus include provisions regarding: Voluntary withdrawal of a shareholder; Protection of rights of shareholders;
Value of shares in the event of a voluntary or forced withdrawal from the business.
Summary of the clauses available for the preparation of your shareholder buy-sell agreement.
Identification of the shareholders
Interpretation, general provisions and precedence
Withdrawal of a shareholder
voluntary withdrawal of a shareholder
voluntary withdrawal of a shareholder upon receipt of bona fide third party offer
Drag-along rights following a bona fide third party offer ( Piggyback) (Optional) Compulsory inter vivos buy-sell in case of dispute (
shotgun) (Optional) Offer with a suspensive term
forced withdrawal of a shareholder from the corporation's business
death of a shareholder Disability of a shareholder and disability insurance
Disability of a shareholder
Disability insurance (Optional) Life insurance
rules for insurance policies taken out by the shareholders
rules for insurance policies taken out by the corporation Purchase by the corporation
Value of shares
value of the shares except for case of forced withdrawal from the corporation's business
value of the shares in case of forced withdrawal from the corporation's business, with few exceptions
taxes Payment for shares
Payment for shares in case of sale of shares for reasons other than death
Payment for shares in case of death
interest on any balance due
forfeiture of the term
other forfeiture of term in the case of death
Preferred shares and notes and/or claims
Preferred shares and repayment of notes and/or claims by the corporation in first place Redemption of Preferred shares and repayment of notes and/or claims by the joint shareholders, upon failure by the corporation to do so Protection of shareholder rights
deposit of shares in a securities depositary
protection of the selling shareholder
release of endorsements Corporate finances
financial contribution and guarantees and/or endorsements
distribution of tasks
reimbursement of expenses Voting terms and administration
Election of directors
exercise of voting rights by shareholders
subscription to the agreement
new issue of shares by the corporation and pre-emptive right granted to the shareholders Special provisions
intellectual property of the corporation
business opportunities confidentiality
(Optional) non-solicitation of customers
(Optional) non-Solicitation of staff members and employees
(Optional) restrictions on transfer and conveyance of shares as collateral security
exercise by a shareholder of its rights in bad faith
"Force Majeure" Additional provision
(Required) General provisions
notice Time of the essence and computation of time
holding of shares through a holding or personal holding corporation
or legal challenge and election non-assignability of the Agreement
entry into force of the Agreement
amendment or modification
termination of the Agreement
intervention of the corporation
statement regarding the agreement
statement of the shareholders Closing formalities
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