Simple Shareholder Agreement Ontario


3.7 Any offer to purchase shares of a foreign national must include the condition that the foreign national agrees to become a party to the agreement, in accordance with the purchase of the shares. It also outlines the fundamental responsibilities of shareholders to the company: things like shareholders should manage business opportunities available to them, restrictions on the sale of shares, and what will happen if the company needs more money. This is a mechanism that is normally implemented to deal with disputes between shareholders. It grants minority shareholders a set option against the majority shareholder and gives the majority shareholder an appeal option on minority shares.