Canada Shareholder Buy-Sell Agreement (Criss-Cross Method with Trustee)

What would happen to your business if one of the owners dies or can no longer continue? Maintain continuity of ownership and management with this Shareholder Buy-Sell Agreement for Canadian businesses.

• 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.