Legal Forms

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 template is available as a downloadable and fully customizable MS Word document.
• Intended for use only in the Province of Ontario, Canada.

Sell all your shares to your business partner with this Share Purchase Agreement for an Ontario corporation.

• This template is for a company that has two shareholders who are equal partners.
• One partner sells all of its shares to the other partner for cash.
• The buyer will secure a release of any guarantees provided by the seller with respect to the business.
• The seller will release the buyer from all claims and agrees to sign a non-competition agreement.
• This downloadable Share Purchase Agreement is an easy exit strategy for an equal partner to transfer its interest while allowing the business to continue operations.
• This legal document was prepared to be used within the Province of Ontario, Canada.

Prepare share transfers for an Ontario corporation with this Share Transfer and Release Forms package.

• The package contains the following items:
  • Share Transfer and Indemnity Form, to transfer all of the shares of a corporation to a purchaser. The seller indemnifies the buyer and releases the corporation from any claims the seller may have with respect to the seller's involvement with the corporation.
  • A simpler form of Share Transfer, to transfer all or part of a shareholder's shares to another party.
  • A resolution of the directors of the corporation approving the share transfer.
• Available in MS Word format.
• Intended to be used only in the Province of Ontario, Canada.

Ensure the continuity of ownership and management of your business with this Shareholder Buy-Sell Agreement for Ontario.

• The Agreement includes:
  • a procedure for soliciting offers from third parties;
  • the remaining shareholders have right of first refusal to purchase shares of a departing shareholder;
  • the remaining shareholders have the right to piggyback the sale of their shares onto a proposed sale of more than 50% of the shares;
  • a mandatory (shotgun) buy-sell;
  • a mandatory buyout on death, to be funded by proceeds of a life insurance policy on the life of the deceased shareholder.
• This template is available in MS word format and is easy to customize to fit your circumstances.
• Intended to be used only in the Province of Ontario, Canada.

Overview of Document

This downloadable Sweat Equity Agreement template is designed for Ontario businesses seeking to engage a third party who will provide services in exchange for company shares.

Service Arrangement with Independent Contractor

Under this agreement, an independent contractor is offered the opportunity to acquire shares in the company in return for the performance of specified services. No monetary fee will be paid for these services; however, the contractor will be reimbursed for any expenses that are pre-approved by the company.

Share Option and Vesting Conditions

The contractor receives an option to purchase company shares. This share option will vest only after all contracted services have been fully performed, provided the contractor remains in compliance with the terms of the agreement.

Shareholder Agreement Participation

Upon exercising the share option and purchasing the shares, the contractor agrees to become a party to the company’s shareholder agreement, thereby accepting the rights and obligations outlined therein.

Format and Jurisdiction

The template is fully editable to suit your business requirements and is intended exclusively for use in the Province of Ontario, Canada. One of our top 5 bestsellers!

ON tenants, make an application to the Ontario Landlord and Tenant Board reduce your rent with this free Form T3 Tenant Application for a Rent Reduction.

This free form contains:

1. Tenant's application form and reasons for the application.
2. Information required to schedule the hearing.
3. Payment and scheduling information form.

This is a free PDF form available on the Ontario Landlord Tenant Board website.

Give notice to your landlord that you intend to terminate your tenancy with this Ontario Tenant's Notice to End the Tenancy Form N9.

• The Notice sets out the date of termination, and includes important information about how the Notice must be served on the landlord.
• This free form is a fillable PDF form issued by the Ontario Landlord and Tenant Board.

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 ⁄ 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.

Provide for special majority rights for shareholders in an Ontario company with this downloadable Unanimous Shareholders Agreement.

• Special majority rights include a right of first refusal on minority share transfers (less than 10%), right to carry along minority shareholders on a sale of the company, and a call option to purchase the minority interest on death, disability, termination or change of control of the minority shareholder.
• Minority shareholders have piggyback rights for change of control transactions, and a put option to sell their interest on death, disability, termination or change of control of the minority shareholder.
• Minority shareholders must waive certain dissenting rights.
• Available in MS Word format.
• Intended to be used only in the Province of Ontario, Canada.

Shareholder nominees are included under the provisions of this Unanimous Shareholders Agreement for Ontario business corporations.

• Shareholder loans must be secured by a security agreement over the corporation's assets, are non-interest-bearing and become immediately due and payable upon the bankruptcy or receivership of the corporation.
• Clauses providing for employment and termination of shareholders as employees.
• Non-competition and non-solicitation provisions.
• Each shareholder indemnifies the other shareholders and the directors of the corporation against liability.
• All share certificates will be held in escrow by the corporation's lawyers.
• The remaining shareholders have a right of first refusal to purchase the shares of a departing shareholder.
• In the event of a take-over offer, the minority shareholders have the option to buy out a majority shareholder or, alternatively, to consent to the take-over.
• If a shareholder wishes to withdraw, the remaining shareholders must agree on a buy-out procedure, failing which they may vote to wind up the company, sell the shares to a third party, or offer all shares of the company for sale.
• AVailable in MS Word format.
• Intended to be used only in the Province of Ontario, Canada.