Products tagged with 'sale of shares'

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Picture of Triggering Events for Share Sales in Shareholder Agreements

Triggering Events for Share Sales in Shareholder Agreements

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.
$0.00
Picture of British Columbia Share Purchase Agreement

British Columbia Share Purchase Agreement

Sell your shares in a BC corporation to a purchaser with this template British Columbia Share Purchase Agreement.

  • If the purchaser resells any of the shares within 180 days for a per share price greater than the purchase price of the shares under the Agreement, the purchaser will pay the vendor an additional cash amount.
  • The vendor gives standard representations and warranties with respect to the corporation's status, financial position, and the shares.
  • The purchaser gives standard representations and warranties with respect to its status, financial position and authority to enter into the Agreement.
  • The Agreement contains an optional provision under which the purchaser covenants to change the name of the corporation. You may want to include this if the purchaser is buying the entire business, unless they are going to continue business operations under the current name.
  • Both parties covenant to keep all information about the corporation and the transaction confidential.
  • This legal contract template is a fully editable MS Word document.
  • Intended for use only in the Province of British Columbia, Canada.
$29.99
Picture of Stock Buy-Sell / Redemption Agreement | USA

Stock Buy-Sell / Redemption Agreement | USA

Set out the provisions for dealing with the shares of a departing or deceased shareholder in this Stock Buy-Sell / Redemption Agreement for USA corporations.

  • The Agreement clarifies the procedure the corporation must follow for repurchasing or redeeming a departing or deceased shareholder's stock holdings.
  • Payment is secured by a promissory note and may be made over time.
  • The corporation may not declare or pay dividends, reorganize, merge, consolidate, sell any of its material assets, or increase the salary of any key employee or officer while any portion of the redemption price remains unpaid.
  • The departing shareholder must resign as a director and/or officer upon closing of the share purchase.
  • This template is available as a MS Word download and is fully editable to fit your specific circumstances.
  • Intended to be used by companies incorporated in the United States.
$12.49
Picture of Ontario Section 85 Rollover Corporate Approval and Implementation Forms

Ontario Section 85 Rollover Corporate Approval and Implementation Forms

Transfer shares under subsection 85(1) of the Income Tax Act (Canada) with this Ontario Section 85 Rollover Corporate Approval and Implementation Forms Package.

  • The package of forms contains:
    • Bill of Sale and Indemnity, including the vendor's indemnity of the purchaser, and representations and warranties with respect to the sale;
    • Corporate Resolutions approving and authorizing the transaction;
    • Share Transfer Form transferring shares from the vendor to the purchaser;
    • Share Subscription from the vendor for new shares being issued by the purchaser as payment for the shares being transferred in the rollover.
  • This package of forms is provided in MS Word format, and the forms are all fully editable to fit your specific circumstances.
  • Intended to be used only in the Province of Ontario, Canada.
$17.99
Picture of Ontario Section 86 Rollover Agreement

Ontario Section 86 Rollover Agreement

Prepare a Section 86 Share Purchase (Rollover) Agreement with this easy-to-use template for Ontario companies, pursuant to s. 86 of the Income Tax Act (Canada).

  • The vendor shareholder sells the subject shares to a holding company in exchange for preference shares in the capital of the holding company.
  • The parties agree to file joint elections under Section 86 under the Income Tax Act and as required under the Ontario Corporations Tax Act.
  • The file also includes a Section 116 Affidavit Of Residency to be sworn by a corporate officer of the vendor, if applicable.
  • Available in MS Word format and fully editable to fit your specific circumstances.
  • Intended to be used only in the Province of Ontario, Canada.
$18.99
Picture of Ontario Section 86 Rollover Resolutions (Fixed Redemption Amount)

Ontario Section 86 Rollover Resolutions (Fixed Redemption Amount)

Prepare the required corporate resolutions to reorganize an Ontario corporation's share capital with this Section 86 Rollover Resolutions Package.

  • These documents are required for a rollover with a fixed redemption amount, under s. 86 of the Income Tax Act (Canada).
  • The package contains:
    • Special Resolution with instructions for wording of the Articles of Amendment, fixing the redemption amount on the new preference shares to be created;
    • Share Subscription for the replacement shares;
    • Corporate Resolutions accepting the subscriptions, setting the redemption amount for the new shares and including an undertaking of the directors not to declare dividends if it would reduce the corporation's assets and make it unable to redeem the shares at their full redemption amount;
    • Share Subscription from the new shareholder for the new shares;
    • Corporate Resolutions issuing the new shares.
  • Completing the paperwork for an asset exchange is so much easier with this package of documents.
  • Available in MS Word format.
  • Intended to be used only in the Province of Ontario, Canada.
$19.99
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