What would happen to your business if one of the owners dies or can no longer continue? Ensure continuity of ownership and management with this Shareholder Buy-Sell Agreement for Canada.
- This Agreement is between the shareholders and a trustee, who is appointed for the purpose of holding life insurance policies on each shareholder, in trust to the benefit of the other shareholders.
- Upon the death of a shareholder the trustee, on behalf of the surviving shareholders, purchases the deceased's shares in the company using the proceeds of the life insurance.
The Canada Shareholder Buy-Sell Agreement (Criss-Cross Method with Trustee)
template is available as a downloadable and fully editable MS Word document.