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Shareholder agreement

The document that protects your business and your relationships with your partners.

What is a shareholder agreement for?

A shareholder agreement is insurance for your business partnership: it sets clear rules on how decisions get made, how profits are shared and how disagreements are handled, before any of them arise.

What happens if a shareholder wants out, falls ill or dies? The agreement provides buy-back clauses, valuation mechanisms and payment terms so the business carries on.

Every version includes time with a lawyer to fit the clauses to your particular situation.

What is included in the agreement

  • A consultation with a lawyer to tailor the document
  • Each shareholder’s rights and obligations
  • Mechanisms for conflict, departure or death
  • The business’s governance rules
  • Compliant drafting, made to measure
Who is it for?

This package is right for you if you...

Are several shareholders

The moment there are two of you, an agreement heads off deadlock and misunderstanding.

Are preparing for a partner to join

Better to set the rules before a new shareholder comes in.

Are taking on investors

Investors expect a solid agreement with protective clauses.

How it works

Simple, from start to finish

1

Choose your version

Simple, Enhanced or Advanced, according to how complex your business is.

2

Describe your situation

You send us the information about your corporation and your partners.

3

Meet the lawyer

A consultation to fit the clauses to your situation.

4

Receive your agreement

The final document is delivered to you by email within 48 hours.

Frequently asked questions

Worth knowing

Three packages are offered according to complexity: Simple at $699, Enhanced at $999 and Advanced at $1,499, plus taxes. Every agreement is drafted by the lawyer around your situation.

The agreement heads off conflict by settling in advance how important decisions get made, how shares are transferred and what happens on a shareholder’s departure, disability or death. Without one, only the law applies, and it rarely resolves these situations the way you would want.

The Simple version covers the essential clauses for a corporation with a straightforward structure. The Enhanced adds fuller exit and protection mechanisms. The Advanced is for complex structures and includes sophisticated clauses such as an extended right of first refusal, the shotgun clause and detailed purchase options.

Ideally when the corporation is constituted, or as soon as a second shareholder arrives, while relations are good. Negotiating an agreement in the middle of a conflict is far harder and far more expensive.

It is an exit mechanism where one shareholder offers to buy the other’s shares at a stated price; the other must either sell at that price or buy on the same terms. This clause appears in our Enhanced and Advanced versions where it suits your situation.

Every agreement is prepared by the lawyer from the information gathered about your corporation, your shareholders and your objectives. The document reflects your situation, not a template.

We normally prepare and file within 24 to 48 business hours, depending on how busy the period is. The issuance of official documents by the authorities, such as the Québec enterprise registrar or Corporations Canada, depends on those authorities’ own processing times.

You add the service to your cart and pay securely online. You then send us the necessary information, and the lawyer responsible for your file carries out the mandate. You receive your documents by email.

No. The AI assistant exists only to help you choose among our services; it has no legal effect. All legal work is performed by the lawyer responsible for your file, a member of the Barreau du Québec.

If you withdraw before the work begins, we refund you, less processing and billing administration fees of $100. No refund is possible once the work has begun. If we are not in a position to serve you, you are refunded in full.

To go deeper

Our article on the shareholder agreement shows, situation by situation, what the law provides when there is no agreement.

For the more elaborate mechanisms, see the advanced agreement.

And if you want to shift decision-making power to the shareholders, read ordinary agreement or unanimous agreement.

Further reading

Related services

Ready to protect your partnership?

Order online, or talk to us first. Both roads lead to the same attention to detail.

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General information only. Not a substitute for advice from a lawyer.