tiktok³ÉÈË°æ

All Countries
Corporate Governance
Closely Held Corporation Shareholder Agreement

Closely Held Corporation Shareholder Agreement Template for Canada

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Closely Held Corporation Shareholder Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Closely Held Corporation Shareholder Agreement

"Need a Closely Held Corporation Shareholder Agreement for a family-owned manufacturing business with 5 shareholders, including special provisions for succession planning and a detailed share valuation method for intergenerational transfers planned to begin in March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Closely Held Corporation Shareholder Agreement is a fundamental document for private corporations in Canada where shares are held by a limited number of shareholders. This agreement becomes essential when establishing or formalizing the relationship between shareholders, particularly in family businesses, professional corporations, or entrepreneurial ventures. It operates within the framework of Canadian corporate law, including the Canada Business Corporations Act and provincial equivalents, and typically includes provisions for share transfers, voting rights, management participation, dispute resolution, and exit strategies. The agreement is crucial for protecting shareholder interests, maintaining corporate control, and providing clarity on governance matters while ensuring the corporation maintains its closely held status.
Suggested Sections

1. Parties: Identification of all shareholders and the corporation as parties to the agreement

2. Background: Context of the agreement, including corporation details and purpose of the agreement

3. Definitions: Defined terms used throughout the agreement

4. Share Ownership and Capital Structure: Details of current shareholdings and share classes

5. Management and Control: Corporate governance, board composition, and decision-making processes

6. Shareholders' Meetings: Procedures for calling and conducting shareholder meetings, voting rights

7. Transfer Restrictions: Limitations on share transfers and required procedures

8. Right of First Refusal: Process for existing shareholders to purchase shares before third-party sales

9. Buy-Sell Provisions: Triggering events and procedures for mandatory share purchases

10. Valuation: Methods for determining share value in various scenarios

11. Dispute Resolution: Procedures for resolving conflicts between shareholders

12. Confidentiality: Protection of corporate and shareholder confidential information

13. General Provisions: Standard boilerplate clauses including governing law, amendments, notices

Optional Sections

1. Tag-Along Rights: Protection for minority shareholders to join in sale of majority shares

2. Drag-Along Rights: Ability of majority shareholders to force minority participation in a sale

3. Pre-emptive Rights: Rights of existing shareholders to maintain ownership percentage in new share issuances

4. Employment Provisions: Terms for shareholder-employees, used when shareholders are active in business

5. Non-Competition and Non-Solicitation: Restrictions on competing activities, used for active shareholders

6. Dividend Policy: Framework for dividend distributions, if regular dividends are contemplated

7. Insurance Requirements: Provisions for life/disability insurance on key shareholders

8. Special Share Class Rights: Detailed rights for multiple share classes, if applicable

9. Intellectual Property Rights: IP ownership and transfer provisions, important for technology companies

Suggested Schedules

1. Schedule A - Current Shareholdings: Detailed list of all shareholders and their current holdings

2. Schedule B - Share Certificate Legends: Required text for share certificates noting transfer restrictions

3. Schedule C - Valuation Formula: Detailed methodology for share valuation

4. Schedule D - Board and Officers: Current list of directors and officers

5. Schedule E - Business Plan: Initial or current business plan if referenced in agreement

6. Schedule F - Special Shareholder Rights: Detailed description of any special rights or privileges

7. Schedule G - Form of Share Transfer Notice: Standard form for notice of intention to transfer shares

8. Schedule H - Deed of Adherence: Form for new shareholders to sign agreeing to agreement terms

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions
Clauses




































Relevant Industries

Professional Services

Manufacturing

Technology

Family Business

Real Estate

Retail

Healthcare

Construction

Consulting

Agriculture

Food and Beverage

Transportation and Logistics

Relevant Teams

Legal

Corporate Governance

Executive Leadership

Board of Directors

Finance

Compliance

Corporate Affairs

Business Development

Risk Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Corporate Lawyer

Business Owner

Company Director

Board Member

Corporate Secretary

Managing Director

General Counsel

Shareholder

Founding Partner

Executive Director

Business Development Manager

Family Office Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Public Company Shareholders Agreement

A Canadian law-governed agreement establishing rights and obligations between shareholders in a public company, including governance structure and regulatory compliance requirements.

find out more

Restaurant Shareholder Agreement

Canadian-law governed agreement defining shareholder rights and obligations in a restaurant business, including ownership, management, and operational provisions.

find out more

Simple Shareholder Agreement

A Canadian law-compliant agreement establishing core rights and obligations between shareholders of a corporation.

find out more

Closely Held Corporation Shareholder Agreement

A Canadian legal agreement establishing rights and obligations between shareholders in a closely held corporation, governed by federal and provincial law.

find out more

Cross Option Agreement Shareholder

A Canadian-law governed agreement establishing mutual options between shareholders to purchase/sell shares upon death or other trigger events.

find out more

Spousal Consent Shareholder Agreement

A Canadian legal document obtaining spousal consent for shareholder arrangements in private companies, addressing both corporate and matrimonial interests.

find out more

Private Company Shareholder Agreement

A Canadian-law governed agreement establishing rights and obligations between shareholders in a private corporation, including ownership, transfer, and management provisions.

find out more

Venture Capital Shareholders Agreement

A Canadian-law governed agreement establishing rights and obligations between a company's shareholders and venture capital investors, including governance, share rights, and exit provisions.

find out more

50 50 Shareholder Agreement

A Canadian-law governed agreement establishing rights and obligations between two equal (50/50) shareholders, including governance, decision-making, and dispute resolution mechanisms.

find out more

New Shareholder Agreement

A Canadian-law governed agreement establishing rights and obligations between shareholders and the corporation, defining ownership, management, and operational parameters.

find out more

Shareholder Withdrawal Agreement

A Canadian-law governed agreement that establishes the terms and process for a shareholder's withdrawal from a corporation, including share valuation and transfer terms.

find out more

Silent Shareholder Agreement

A Canadian-law governed agreement establishing the terms and conditions for a silent shareholder's investment in a company, including rights, obligations, and confidentiality requirements.

find out more

Shareholder Termination Agreement

A Canadian-law governed agreement that formalizes a shareholder's exit from a corporation, including share transfer terms, purchase price, and mutual releases.

find out more

Shareholder Contract

A Canadian-law governed agreement establishing rights and obligations between company shareholders, including share transfers, voting rights, and corporate governance provisions.

find out more

Unanimous Shareholder Agreement

A Canadian law-governed agreement establishing comprehensive rights, obligations, and governance arrangements between all shareholders of a corporation.

find out more

Private Equity Shareholders Agreement

A Canadian-law governed agreement establishing rights, obligations, and governance framework between private equity investors and other shareholders in a portfolio company.

find out more

Minority Shareholder Agreement

A Canadian law agreement establishing rights and protections for minority shareholders while defining their relationship with majority shareholders and the corporation.

find out more

Family Business Shareholders Agreement

A Canadian-law governed agreement that regulates relationships and rights between family shareholders in a family-owned business.

find out more

Shareholders Agreement Transfer Of Shares

A Canadian law-governed agreement setting out the terms and procedures for transferring shares between shareholders, including rights, restrictions, and approval processes.

find out more

Shareholder Buy Sell Agreement

A Canadian-law governed agreement establishing terms for share transfers between shareholders, including purchase mechanisms and transfer restrictions.

find out more

Proxy Shareholder Agreement

A Canadian law-governed agreement establishing the terms and conditions for a proxy holder to exercise shareholder voting rights on behalf of a principal shareholder.

find out more

Non Compete Shareholders Agreement

A Canadian-law governed agreement establishing non-compete and confidentiality obligations between shareholders and their corporation.

find out more

Entrusted Shareholding Agreement

A Canadian law-governed agreement establishing a nominee shareholding arrangement where one party holds shares in trust for another party.

find out more

Subscription And Shareholders Agreement

A Canadian-law governed agreement combining share subscription terms and ongoing shareholder relationships, establishing rights, obligations, and governance framework.

find out more

Share Subscription And Shareholders Agreement

A Canadian law-governed agreement combining share subscription terms and ongoing shareholder relationships, including governance and share transfer provisions.

find out more

Startup Shareholder Agreement

A Canadian-law governed agreement establishing rights and obligations between startup shareholders, including share transfers, voting rights, and corporate governance provisions.

find out more

Employee Shareholder Agreement

A Canadian-law governed agreement establishing terms for employee share ownership, combining employment terms with shareholder rights and obligations.

find out more

Shareholder Subscription Agreement

A Canadian law-governed agreement documenting the terms and conditions for an investor's subscription to shares in a corporation, including purchase details and mutual obligations.

find out more

Shareholder Transfer Agreement

A Canadian law-governed agreement facilitating the transfer of shares between shareholders, detailing terms, conditions, and regulatory compliance requirements.

find out more

Joint Venture And Shareholders Agreement

A Canadian law-governed agreement establishing a joint venture structure and shareholder relationships between multiple parties, setting out rights, obligations, and operational framework.

find out more

Shareholder Purchase Agreement

A Canadian-law governed agreement documenting the sale and purchase of shares between shareholders, including terms, conditions, and regulatory compliance requirements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.