Shareholder Buy-Sell Agreement (Ontario)
What would happen to your business if one of the owners dies or can no longer continue? Ensure continuity of ownership and management with this Shareholder Buy-Sell Agreement for the Province of Ontario. Provisions of the Agreement include:
This is a Canadian legal document in MS word format, pursuant to the Income Tax Act (Canada).
- procedure for soliciting offers from third parties;
- remaining shareholders have right of first refusal to purchase shares of a departing shareholder;
- right of remaining shareholder(s) to piggyback sale of their shares onto a proposed sale of more than 50% of the shares;
- mandatory (shotgun) buy-sell;
- mandatory buyout on death, to be funded by proceeds of a life insurance policy on the life of the deceased shareholder.
This is a Canadian legal document in MS word format, pursuant to the Income Tax Act (Canada).
File Details
| Price: | $25.00(CAD) |
| Document ID: | 4870 |
| Downloads: | 28 |
| Date Added: | 2003-07-29 |
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