Shareholder Agreements Lawyer Service
Our business lawyers can assist you with drafting Shareholder Agreements for your company. A Shareholder Agreement is a contract between a corporation's shareholders, and the corporation. Shareholder Agreements cover a variety of topics, including:
Typically, a Shareholder Agreement covers the appointment of officers and directors. However, sometimes shareholders would like to have more control over the operation of the corporation. This can be achieved by placing a clauses in the Shareholder Agreement that removes some powers from the directors. It should be noted that this is not always the best approach, since it can increase a shareholder's liability due to their active role in the corporation's activities.
Some Shareholder Agreements cover quorum and similar items. However, this is not always needed, since the Business Corporations Act (Ontario) and the Canada Business Corporations Act covers these items.
This section tends to speak to the rights of shareholders with respect to the issuance of new shares and the sale of shares by majority and minority shareholders.
Share Transfer Restrictions.
To ensure that shares are not transferred in violation of Securities law and to ensure shareholders do not obfuscate share transfer policies mentioned in the Shareholder Agreement, a clause tends to be added to ensure share transfer only occurs in certain circumstances.
A Shareholder Agreement tends to have a clause that speaks to procedure when it comes to a dispute between shareholders and/or a dispute between shareholders and the corporation.
Contact our law firm today and speak directly with one of our experienced business lawyers. Our business lawyers provide shareholder agreements across the Greater Toronto Area, including Mississauga, Oakville, Brampton, Milton, Burlington, Guelph, Kitchener, Waterloo, Hamilton, Vaughan, Newmarket and North York. Contact us today, and inquire about our reasonable rates and efficient legal service solutions for your business needs.