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    Triggering Events for Share Sales in Shareholder Agreements

    Free

    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.
    Download Type: Adobe PDF
    Last Updated: 12-July-2023
    SKU: 3479
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    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.
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    Picture of Shotgun Clauses and Owner Managers

    Shotgun Clauses and Owner Managers

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    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.
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