Unanimous Shareholder Agreements
|
Trusted Corporate Commercial Lawyer and Unanimous Shareholder Agreement LawyerWe have experience with negotiating, preparing and amending Unanimous Shareholder Agreements, often referred to as a "USA", which is an important document [often considered a constating document of a corporation] that sets out some of the foundational terms of the corporation governing the relationship between shareholders, directors, officers and the corporation.
|
The USA can be an important and effective tool in bringing certainty between the the shareholders, directors, and officers of the Corporation and place restrictions and limitations on the wide rights, powers and authorizations that parties may have in different roles with the Corporation.
The USA can range from a simplistic USA addressing a few but important matters, to a comprehensive USA addressing all aspects of the governance of the corporation.
The USA can address a wide variety of matters including, without limitation, the following:
As an Edmonton law firm with a diverse group of clients, we know that there are both advantages and disadvantages with the various terms of a USA, and what is the right mix of terms in a USA is as individual and unique as the business, industry and parties involved.
Our corporate services are for closely held [non-distributing] corporations.
For whatever stage your dealings are in whether it is negotiation, drafting a USA to reflect the negotiations, reviewing a USA prior to signing or dealing with disputes we advice and represent our clients in meeting their wide variety of corporate needs which often are as unique as the transaction, industry and individual parties involved.
The USA can range from a simplistic USA addressing a few but important matters, to a comprehensive USA addressing all aspects of the governance of the corporation.
The USA can address a wide variety of matters including, without limitation, the following:
- Day to day governance and management of the corporation;
- The directors of the corporation;
- Issuance of new shares in the corporation;
- Restrictions on share transfers;
- Selling of the shares to third parties including rights of first refusal, tag along rights and drag along rights;
- Financing the corporation including cash calls or the requirement to provide personal guarantees;
- Restrictions on powers of directors and officers requiring shareholder approval and determining the percentage of shareholder of approval is required;
- Key personnel life insurance matters;
- Dividends and payments from the Corporation;
- Non-Competition and Non-Solicitation obligations upon shareholders;
- Dispute Resolution Mechanisms,
- Mechanisms for the purchase and sale of shares including:
- compulsory buy sell clauses ranging from "shotgun" buy sell clauses to modified buy sell clauses with a valuation mechanism or procedure;
- buying or selling of shares in the event of death, disability, divorce, bankruptcy, incapacity, retirement, termination with or without cause;
- buying or selling of shares in the event of a change of control of a corporate shareholder.
As an Edmonton law firm with a diverse group of clients, we know that there are both advantages and disadvantages with the various terms of a USA, and what is the right mix of terms in a USA is as individual and unique as the business, industry and parties involved.
Our corporate services are for closely held [non-distributing] corporations.
For whatever stage your dealings are in whether it is negotiation, drafting a USA to reflect the negotiations, reviewing a USA prior to signing or dealing with disputes we advice and represent our clients in meeting their wide variety of corporate needs which often are as unique as the transaction, industry and individual parties involved.
Our Reviews - Trusted Experience. Trusted Advice. Trusted Service.
Our Awards, Reviews, and Recognition
We have been recognized for our proficiency in Commercial Law advice and services by Advisory Excellence.
|
We have been recognized as a Leader in Law for our proficiency in Commercial Law legal advice and services, and are recipients of a Commercial Law Lawyer of the Year award.
|
We are recognized as a Global Law Expert's member for Commercial Law and Business Law, and are recipients of a Real Estate Law Experts of the Year award and a Commercial Law Experts of the Year award.
|
Contact Us
Click on the icons to contact us or for our contact information.
We are Located at Suite 220-5540 Windermere Boulevard NW, Edmonton, Alberta T6W2Z8
which is conveniently located in Windermere South West Edmonton, with easy access from Anthony Henday Drive, Whitemud Drive, Terwillegar Drive with free on site parking.
We are Located at Suite 220-5540 Windermere Boulevard NW, Edmonton, Alberta T6W2Z8
which is conveniently located in Windermere South West Edmonton, with easy access from Anthony Henday Drive, Whitemud Drive, Terwillegar Drive with free on site parking.
Want to know more about Unanimous Shareholder Agreements?
Click for our Blog
|
Contact us to see if we can assist you or our Lopatka Law Blog page includes some of the following legal articles: and our blog covers more than just this area of the law and we post additional legal articles from time to time.
|
Our Fees Information
We strive to be open and straightforward about our fees and fee estimates, and provide several options to get our fees information so that you can choose the most convenient option for you.
