Purchase Agreement for Shares & Promissory Note | Canada
Sell your shares in a Canadian company and transfer a shareholder loan to the purchaser with this Purchase Agreement for Shares and Promissory Note.
- The vendor represents to the buyer that it owns the shares and has the legal right and authority to transfer them.
- Upon payment of the cash to close, the vendor will transfer title to the shares over to the purchaser.
- The vendor also transfers a promissory note from the corporation for a shareholder loan owing to the vendor.
- The vendor relinquishes any further interest or right to repayment under the promissory note.
This Canada Purchase Agreement for Shares & Promissory Note is a customizable template which you can download and edit to fit your particular circumstances.
Last Updated: 19-February-2021