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    Shotgun Clauses and Owner Managers

    $6.29

    Should your company shareholder agreement include a shotgun clause? Learn more about these provisions from an owner-manager's perspective, with this introductory article entitled "Shotgun Clauses & Owner Managers".

    • A 'shotgun clause' or 'buy-sell clause' is a provision in the agreement that states if a shareholder wants out of the company, he/she can force the other shareholders to buy his/her shares.
    • This article discusses the benefits and pitfalls of shotgun clauses, and the situations in which they work best.
    • The author is an Ontario lawyer, with expertise in buy-sell agreements and other shareholder issues.
    Shotgun Clauses and Owner Managers is provided in PDF format and is copyrighted by the author.
    Download Type: Adobe PDF
    Last Updated: 14-April-2016
    SKU: 5852
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    Valuation of Shares Clause for Shareholder Agreement

    $2.29

    Make provision for determining the fair market value of shares with this downloadable Valuation of Shares clause for a Shareholder Agreement.

    The clause sets out the process by which the fair market value (FMV) of the shares will be arrived at in the event that the shareholders cannot agree, following a triggering event which has affected the FMV of the shares.

    The Valuation of Shares Clause for Shareholder Agreement is provided in MS Word format and is fully editable.

    Buy-Sell Provisions for Shareholder Agreement

    $6.29

    These optional buy-sell provisions can be inserted into a Shareholder Agreement to provide for the purchase and sale of shares among the shareholders of a company.

    • The remaining shareholders have right of first refusal to purchase a departing shareholder's shares.
    • Any buy-sell offers made during the notice period are irrevocable.
    • The purchase price must be paid in full on closing.
    These generic Shareholder Agreement Buy-Sell Provisions are in MS Word format and are fully editable.