Canada Criss-cross Shareholder Buy-Sell Agreement
Have you started succession planning for your business? Ensure continuity of ownership and management with this Canada Criss-Cross Shareholder Buy-Sell Agreement.
- The Buy-Sell Agreement provides for the purchase of one shareholder's interest by the other shareholder upon the death of the first shareholder.
- The purchase is made by a method called the 'criss cross' method. That means that each shareholder holds a life insurance policy on the other shareholder, and the deceased shareholder's shares are purchased using the proceeds of the life insurance.
The Canada Cross-Cross Shareholder Buy-Sell Agreement is a fully editable Canadian legal form which can be customized to fit your circumstances.
Last Updated: 14-April-2016