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Drag Along, Tag Along Clause for Shareholder Agreement
This drag along, tag along clause can be inserted into a shareholder agreement to govern how the sale of shares from a shareholder to an arm's length third party must be conducted.
- The share purchase agreement must include an offer by the buyer to purchase a pro rata share of the other shareholders' shares on the same terms and at the same time.
- The terms apply to arm's length transactions only. The clause contains a definition of which parties are not considered arm's length.
- A Drag Along, Tag Along Clause is an exit strategy that protects the rights of minority shareholders while at the same time giving majority shareholders a means to force other investors to exit at the same time.
- Available in MS Word format.
$2.29
Ontario Unanimous Shareholder Agreement Between Equal Partners
Create a Unanimous Shareholders Agreement for an Ontario corporation owned by equal partners with this comprehensive template.
- This template agreement includes:
- a mechanism to avoid deadlock in voting;
- conditions governing shareholder loans;
- future financing from profits and â„ or third party lenders;
- terms of employment and termination of employees who are shareholders;
- benefits for disability;
- company buy-back of shares on death;
- shareholder inventions become property of company;
- arbitration procedure and special rules for disputes over fair market value of shares;
- remaining shareholder's right of first refusal to purchase departing partner's interest.
- Available in MS Word format and fully editable to fit your specific circumstances.
- Intended to be used only in the Province of Ontario, Canada.
$39.99
Shareholder Agreement Guide | Canada
Discover the legal and practical issues you need to consider when entering into a shareholder agreement with this Shareholder Agreement Guide and Checklist for Canadian companies.
- Topics in the Guide include:
- how to avoid misunderstandings between shareholders;
- distribution of profits;
- decision-making;
- exit strategies;
- employee shareholders;
- default by a shareholder;
- disability or death;
- loss of shareholder control.
- Available as a PDF download.
- This checklist was created for use in Canada.
$29.99
Shotgun Buy-Sell Provisions for Shareholder Agreement
Prepare a Shotgun Buy-Sell Provision for a shareholder agreement with this ready-made template.
- The shotgun provision gives a shareholder the right to offer to purchase the shares held by the other shareholders at a specified price. If they do not accept the offer, the offering party must sell its shareholdings to the remaining shareholders.
- These buy-sell provisions set out:
- the procedure to be followed by a shareholder when making an offer to purchase the other shareholders' interests,
- the terms on which any offer to purchase or offer to sell must be made,
- the rights and remedies available to the non-defaulting party upon default by either the purchaser or the seller.
- This template is available as a downloadable MS Word file.
$6.29
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
