Ontario Shareholder Buy-Sell Agreement

What would happen to your business if one of the owners dies or can no longer continue? Ensure the continuity of ownership and management with this Shareholder Buy-Sell Agreement for Ontario.

Provisions of the Agreement include:

procedure for soliciting offers from third parties;
remaining shareholders have right of first refusal to purchase shares of a departing shareholder;
right of remaining shareholder(s) to piggyback the sale of their shares onto a proposed sale of more than 50% of the shares;
mandatory (shotgun) buy-sell;
mandatory buyout on death, to be funded by proceeds of a life insurance policy on the life of the deceased shareholder.

This Ontario Shareholder Buy-Sell Agreement is available in MS word format, and is easy to customize to fit your circumstances.