Legal Forms

ON contractors, release a lien claim for labour or materials provided for improvements to a property with this Ontario Release of Lien form.

• The Release of Lien form is in accordance with Section 41 of the Construction Lien Act.
• Click the Free Download button to download your copy directly from the Government of Ontario website.
• For use only in the Province of Ontario, Canada.

Authorize the establishment of an Employee Stock Option Plan (ESOP) to issue stock options to key personnel with this Resolutions Package for Ontario corporations.

• This forms package contains:
  • Resolutions of the Shareholders approving the ESOP.
  • Resolutions of the Directors authorizing the corporate officers to take all necessary actions to establish the ESOP.
  • Resolutions of the Directors approving a policy statement outlining the Plan and implementing the ESOP.
  • Resolution of the Directors granting stock options to certain employees, directors and consultants.
• The forms are available as a single downloadable MS Word file, which is fully editable.
• Intended to be used only in the Province of Ontario, Canada.

Cancel your Power of Attorney with this Ontario Revocation of Power of Attorney form.

• So long as you have mental capacity and can understand the impact of what you are doing, you have the right to cancel an existing Power of Attorney at any time, and revoke the powers you gave to your agent (attorney).
• Once you have signed the form, give a copy of it to the attorney.
• You should also give a copy to any banks, financial institutions, medical facilities, etc. that had a copy of your original Power of Attorney.
• The form should be signed in front of a witness, and includes an Affidavit of Attestation to be sworn by the witness.
• This Ontario Revocation of Power of Attorney is a free downloadable legal form.

Secure repayment of a loan from a shareholder to a corporation with this Ontario Security Agreement for Shareholder Loan.

• The corporation (as borrower) grants the secured party (a trustee for the shareholders) a security interest over the borrower's corporate assets, in order to secure its current or future indebtedness to its shareholders for shareholder advances, stock dividends or other obligations.
• The secured party holds the security interest in trust for the shareholders and may release all or part of the secured collateral as it sees fit.
• The borrower is restricted from selling, transferring, leasing or otherwise disposing of any of the collateral forming the security.
• This legal agreement template is available as a fully editable Microsoft Word document.
• Intended for use only in the Province of Ontario, Canada.

Equalize the capital contributions of the shareholders for an Ontario corporation with this Share Capital Equalization Agreement.

• This agreement is for a company with two shareholders, one of whom has invested more capital than the other, with the intent being that each of them will end up with 50% shareholdings in the company.
• To do that, the contributing shareholder will make regular installment payments into his/her capital account to purchase a proportionate number of shares.
• The shares will then be held in trust until all the equalization payments are made.

You can download the Ontario Share Capital Equalization Agreement immediately after purchase.

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.

Prepare a Sweat Equity Agreement with a third party who will provide services to your company in exchange for shares with this downloadable template for Ontario businesses.

• Shares in the company are offered to an independent contractor who will provide services to the company in exchange for an option to purchase shares.
• The contractor will not be paid any fees for the services but will be reimbursed for pre-approved expenses.
• The share option will vest after the services have been fully performed, provided the contractor is not in default under the agreement.
• Upon purchase of the shares, the contractor agrees to become a party to the company's shareholder agreement.
• This is a downloadable legal form template which is fully editable to fit your business needs.
• Intended to be used only in the Province of Ontario, Canada.