Ontario Shareholder Buy-Sell Agreement

Ensure the continuity of ownership and management of your business with this Shareholder Buy-Sell Agreement for Ontario.

The Agreement includes:

• a procedure for soliciting offers from third parties;
• the remaining shareholders have right of first refusal to purchase shares of a departing shareholder;
• the remaining shareholders have the right to piggyback the sale of their shares onto a proposed sale of more than 50% of the shares;
• a mandatory (shotgun) buy-sell;
• a mandatory buyout on death, to be funded by proceeds of a life insurance policy on the life of the deceased shareholder.

This Ontario Shareholder Buy-Sell Agreement is available in MS word format, and is easy to customize to fit your circumstances.