Question 1

What does a custom Shareholders' Agreement include?

Accepted Answer

Your custom Shareholders' Agreement will include:

• Share classes and rights (voting, dividends, conversion)
• Board composition and decision-making rules
• Reserved matters requiring shareholder consent
• Information rights and reporting obligations
• Transfer restrictions and pre-emption rights
• Drag-along and tag-along provisions
• Good/bad leaver provisions and vesting schedules
• Dividend and distribution policies
• Dispute resolution mechanisms
• Alignment with Articles and by-laws

Each section is tailored specifically to your cap table, ownership structure, and governance needs.

Question 2

How quickly will I receive my agreement?

Accepted Answer

Standard delivery is 3 business days from receiving your completed questionnaire. Express delivery (1 business day) is available for an additional fee.

After checkout, we email you a detailed questionnaire to capture your cap table, governance preferences, and decision-making matters. Once you submit that, our Canadian lawyers begin drafting.

Question 3

Who drafts the Shareholders' Agreement?

Accepted Answer

Your agreement is drafted by licensed Canadian solicitors with expertise in corporate law, governance structures, and shareholder arrangements. All of our lawyers are members in good standing of their respective provincial law societies and have extensive experience drafting shareholder agreements for Canadian businesses.

Question 4

How do you gather the information needed?

Accepted Answer

After you complete checkout, we send you an AI-powered questionnaire that walks you through the key details we need:

• Current cap table and shareholding structure
• Share classes and rights
• Board composition requirements
• Decision-making and consent thresholds
• Transfer restrictions and pre-emption rules
• Vesting and leaver provisions
• Dispute resolution preferences

The questionnaire is intelligent and adapts based on your answers, making the process quick and thorough.

Question 5

Are revisions included?

Accepted Answer

Yes. One round of revisions is included in the base price. If you need changes after reviewing the draft, simply let us know and we'll incorporate your feedback. Additional rounds of revisions are available for an extra fee if needed.

Question 6

Can I consult with a solicitor if I have questions?

Accepted Answer

Absolutely. If you have questions or need clarification about any provisions in your agreement, you can book a consultation with one of our Canadian lawyers (additional fee applies). We're here to ensure you fully understand your agreement and feel confident moving forward.

Question 7

Can you include vesting and leaver provisions?

Accepted Answer

Yes. We can include:

• Custom vesting schedules for founders and key shareholders
• Good leaver provisions (resignation, death, disability)
• Bad leaver provisions (termination for cause, breach)
• Founder reverse-vesting arrangements
• Acceleration provisions on exit events

We tailor these provisions to your specific circumstances and ensure they align with your overall governance structure.

Question 8

How is this different from using a template?

Accepted Answer

Templates are generic and don't account for your unique cap table, share classes, governance needs, or provincial requirements. Our custom agreements are drafted by licensed Canadian lawyers who:

• Tailor every clause to your business
• Ensure compliance with Canadian corporate law
• Align the agreement with your Articles and by-laws
• Consider your growth plans and fundraising needs
• Use plain-English drafting to minimize disputes

You get a professional, enforceable agreement that's built for your specific situation.

Question 9

Does this cover intellectual property and confidentiality?

Accepted Answer

While the primary focus is on share rights, governance, and transfers, we can include provisions for:

• IP assignment to the corporation
• Confidentiality obligations
• Non-compete and non-solicitation covenants (where enforceable)

Just let us know your needs in the questionnaire or additional instructions.

Question 10

Is this compliant with Canadian corporate law?

Accepted Answer

Yes. Your agreement is drafted in full compliance with Canadian corporate law, including the Canada Business Corporations Act (CBCA) or relevant provincial/territorial corporate legislation. We also ensure it aligns with your Articles and by-laws to avoid conflicts.

Question 11

Can we amend the agreement in the future?

Accepted Answer

Yes. Shareholders' agreements can be amended, but typically require unanimous or supermajority consent of the shareholders (as specified in the agreement itself). We can help you draft amendments or update your agreement as your business grows and circumstances change.

Question 12

What happens after I receive the draft?

Accepted Answer

After you receive your draft agreement:

1. Review it carefully with your co-shareholders
2. Request any changes (one round of revisions included)
3. Once finalized, all shareholders sign the agreement
4. Keep the executed agreement with your corporate records

We provide guidance on execution and implementation to ensure everything is properly documented.

Question 13

How does this interact with our Articles and by-laws?

Accepted Answer

We carefully align your Shareholders' Agreement with your Articles and by-laws. If there are conflicts or gaps, we'll flag them and can suggest updates to your Articles or by-laws so all your corporate documents work together seamlessly. This avoids ambiguity and ensures enforceability.

Custom Shareholders'
Agreement

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Why This Shareholders’ Agreement Works

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Share Rights

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Custom Shareholders'Agreement