Sell the shares of an Ontario corporation and transfer any existing shareholder loans with this Share Purchase and Assignment Agreement.
- The seller sells its shares and assigns the balance of shareholder loans still outstanding over to the buyer, who is taking over the business of the company.
- The purchase price will be allocated between the shares and the shareholder loans, at fair market value.
- The buyer is at liberty to contact customers, suppliers and employees to notify them of the change of control. The seller will operate the business until closing.
- The parties will each file any required tax elections with respect to the transaction.
This Ontario Share Purchase Agreement & Assignment of Shareholder Loans template is available as a downloadable and fully customizable MS Word document.
Last Updated: 11-June-2016