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A shareholder agreement lawyer Edmonton co-owners can call before a disagreement tests the handshake.
Business partners agree on everything at the start. A shareholder agreement lawyer Edmonton co-owners hire early writes down what happens when they stop agreeing: who decides, who can sell, and how someone leaves.
Gupta Law Services drafts and reviews shareholder agreements, including unanimous shareholder agreements, for private corporations in Alberta. We also act in updates when ownership changes.
Because owners often have different interests, each should consider their own lawyer.
Who decides what, and by what vote.
How owners leave, and at what price.
A way to break a tie.
What happens to shares if an owner dies.
They fill in what the corporate statute leaves open.
A shareholder agreement is a contract among the owners of a corporation. A unanimous shareholder agreement, recognized under the Alberta Business Corporations Act, can also take over some powers from the directors. It binds the corporation and future shareholders who sign on.
Common provisions include who can be a director, how big decisions are made, restrictions on selling shares, rights of first refusal, tag-along and drag-along rights, and buy-sell terms. A buy-sell clause sets how shares are valued and sold if an owner leaves, dies, becomes disabled or divorces.
Deadlock is a real risk for 50-50 companies. Options include mediation, a shotgun buyout, or a neutral third party. Choosing early is easier than fighting later.
Include family planning, too. Without agreed terms, a share could pass to a spouse or heir you did not choose. See our wills page for related planning.
Key clauses for most owners.
Board, voting and approvals.
Rights of first refusal, tag and drag.
Valuation and payment terms.
Restrictions on competing after exit.
Insurance-funded buyouts.
Mediation, arbitration and deadlock steps.
Do it while the owners still agree.
We learn about the owners, the business and their goals.
We identify risks, such as deadlock and exits.
We draft the agreement and negotiate terms.
The owners sign, ideally with independent advice.
See incorporation, buying and selling a business and business disputes if a disagreement has already started.
Gupta Law Services is led by Gagandeep Gupta, Barrister and Solicitor, with more than 25 years of international legal experience. We draft agreements that fit how the owners actually work together.
We keep the language plain.
If you need a shareholder agreement lawyer Edmonton co-owners can call, contact our office.
Excellent service, fair fees, and real results. If you need a lawyer who actually listens and acts, choose Mr. Gupta and his firm.
I worked with Gagandeep Gupta at Gupta law services for the closing on my new home, and the experience was truly exceptional.
Thanks to Gupta Law Service, they are helpful and knowledgeable. They did good job in Real Estate Closing
Best service in the town. Gagan Gupta sir makes sure that all questions are being answered, very polite, very knowledgeable.
Very informative and well in knowledge regarding legal issues in Canada for real estate. Highly recommended
What Edmonton owners ask about shareholder agreements. Our shareholder agreement lawyer Edmonton team answers them below.
If there are two or more owners, yes. It prevents disputes and sets exit rules.
An agreement signed by all shareholders that can restrict directors' powers. It is recognized under the Alberta Business Corporations Act.
A buy-sell mechanism where one owner offers a price, and the other must buy or sell at that price.
Yes, though it is easier earlier. We can review existing arrangements.
Ideally yes, because owners' interests can differ.
Call +1 825-888-1848 or request a consultation online. We are at 8104 160 Ave NW, Edmonton, AB T5Z 3J8. This page is general information, not legal advice.
Put the rules in writing while you still agree.
