Financial

Learn how to prepare a Shareholder Buy-Sell Agreement with this checklist for Canadian companies.

• What would happen to your business if one of the owners dies or is no longer able to work? A Shareholder Buy-Sell Agreement provides for continuity of the business in those events.
• Topics included in the Checklist are:
  • qualification of shares for capital gains exemption;
  • provisions of any existing formal shareholder agreement;
  • terms of purchase or redemption (or both) of a deceased shareholder's shares using proceeds of life insurance policies on the life of the deceased;
  • whether life insurance policies will be held by the corporation, by the other shareholders or by a trustee.
• This is a fully editable legal form in MS Word format which can be customized to fit your circumstances.
• Governed by Canadian tax laws and ntended to be used only in Canada.

Document a loan to an individual or a company doing business in China with this fully editable Loan Agreement template.

• The borrower agrees not to use the loan proceeds for any illegal purposes. If the borrower breaches this covenant. the lender may require immediate repayment of the loan.
• Each of the parties agrees not to disclose any information revealed in connection with the Agreement except with the prior written consent of the disclosing party, unless required for compliance with the laws and regulations of PRC.
• Taxes, fees or expenses payable as a result of the loan will be borne by the party exercising its rights, unless a certain party is otherwise required by law to pay the same.
• This Chinese legal form is available in English language version only. A Chinese translation of the document will also be required for it to be legally enforceable.

Pledge shares in a Chinese company as security for a debt obligation with this template Share Pledge Agreement for China.

• The shareholder of a company pledges to a lender certain shares of stock in the company, to be held by the lender as security to ensure that the company honors its payment obligation to the lender.
• The shareholder pledges the shares and the rights attached to the shares, including the right to receive dividends.
• The shareholder will not transfer, assign, encumber or dispose of the shares without the lender's written consent.
• The shareholder will pay for all of the lender's out of pocket costs and expenses, including legal fees, taxes and stamp duty.

This Share Pledge Agreement for China is provided in MS Word format, and is fully editable to meet your needs. This is an English-language form. A Chinese language version of the document may be required.

Replace the property which is collateral for a mortgage with a different one under this Collateral Substitution Agreement.

• This agreement would be used by a mortgage lender in circumstances where a borrower wants to sell their mortgaged property in order to buy another property of approximately equal value.
• The original real estate property is released from the mortgage.
• The borrower's new property replaces the original one as collateral for the mortgage.
• The provisions of the original promissory note and all other loan documentation remain in full force and effect against the borrower and the new property.
• This is a generic legal document for the United States which does not contain any state-specific references.
• Available in MS Word form, fully editable and reusable.

If you have a buyer for your home who can't qualify for a mortgage, you can carry all or part of the purchase price under this Contract for Deed.

• This legal template is governed by Colorado laws.
• A Contract for Deed is also referred to as a purchase money mortgage, owner financed mortgage, land contract, and installment agreement.
• The buyer has possession of the property as long as he/she is not in default.
• The seller can still sell or mortgage the property, but if the seller fails to make the mortgage payments, the buyer has the right to make them and the seller will reimburse the buyer.
• If the buyer defaults the seller can terminate the agreement and retake possession of the property. All payments made by the buyer are forfeited.
• Available in MS Word format.

Secure a home loan in Colorado with this easy-to-use Deed of Trust form.

• The Deed of Trust is used to secure the loan instead of a mortgage.
• A third party trustee must be named to hold title to the property until the loan, interest and any related charges are paid in full. Colorado law requires this to be a public trustee.
• If the borrower breaches the provisions of the Deed of Trust, the home will be foreclosed.
• The form contains all the necessary standard uniform and non-uniform covenants and provisions required by State and federal laws.
• Available in MS Word format.
• Intended for use only in the State of Colorado.

This Colorado Mortgage Promissory Note is part of the collateral security documentation for a home loan.

• Payments. The mortgagor will make regular payments of principal and interest until the balance is paid in full.
• Interest is a fixed rate.
• Acceleration. The balance owing becomes due and payable immediately if the borrower defaults in making any payment.
• Late payments result in late charges being assessed, which are calculated as a percentage of the late payment.
• Prepayment. The borrower may prepay the loan either with or without penalty, at the lender's discretion when writing up the Note.
• Available in MS Word format, easy to download, fill in and print.
• Intended to be used only in the State of Colorado.

USA lenders, prepare a Commercial Loan Commitment Letter with this fully customizable template which sets out the terms of the loan and how it is to be repaid.

• The commitment letter template includes:
  • monthly payments to be made into escrow for property taxes and hazard insurance,
  • documents and other instruments to be given by the borrower as security,
  • form and amounts of title insurance and hazard insurance required by the lender,
  • payment of closing costs by the borrower,
  • protection, preservation and maintenance of the property used as security,
  • other standard provisions.
• This is a customizable template that can be used throughout the United States.

Looking for a business loan? Prepare a Commercial Loan Proposal Letter for a lender with this easy-to-use template.

• You could use this template to source out a loan for expansion, research and development, enhancements to your product lines, or additional operating capital.
• The loan proposal letter outlines the company history and background, business operations for the past few years, the company's goals and objectives, equity and growth potential.
• A copy of the company's Business Plan should be included with your loan proposal, along with copies of the latest financial statements.

Potential investors want to know all about your business before they decide to put money into it. Before you divulge your sensitive information, get them to sign this Confidentiality Agreement.

• You can use this form anytime you are in discussions regarding a potential acquisition or investment in the company.
• The Agreement template includes a no solicitation clause, under which the investor agrees not to solicit either your customers or employees.
• This is a generic legal form that can be used anywhere.
• Don't risk the loss of trade secrets or proprietary information. Download the Investor Confidentiality Agreement for your business.
• Available in MS Word format.