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Canada Set-Off and Cancellation Agreement

Prepare an Agreement for Set-off and Cancellation of Shares between two affiliated Canadian companies with this easy-to-use template.
  • The purchase price of the shares is set off against the redemption of shares of stock held by the purchasing company in the capital of the selling company.
  • The purchaser pays for the shares by way of a promissory note. The vendor redeems the shares and pays the redemption price also by way of promissory note.
  • Both promissory notes are for the same amount and set each other off.
This Canada Set-Off and Cancellation Agreement template is available in MS Word format, and is fully editable to fit your specific circumstances.

Download: Canada Set-Off and Cancellation Agreement

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