Offer to Purchase Shares

Québec Anglais Droit civil Non annoté Simplifié

Offer to Purchase Shares

  1. Documents

  2. Offre d'achat d'actions Offre d'achat d'actions

    Y04270 -
    Québec Français Droit civil Non annoté Détaillé

    199,99 $

    199,99 $

  3. Benchmarking Grid - Offer to Purchase... Benchmarking Grid - Offer to Purchase Shares

    Y04271a -
    Québec Anglais Droit civil Non annoté Détaillé

    19,99 $

    19,99 $

  4. Grille d'analyse - Offre d'achat... Grille d'analyse - Offre d'achat d'actions

    Y04271 -
    Québec Français Droit civil Non annoté Détaillé

    19,99 $

    19,99 $

  5. Offer to Purchase Shares Offer to Purchase Shares

    Y04270a -
    Québec Anglais Droit civil Non annoté Détaillé

    199,99 $

    199,99 $

  6. Offer to Purchase Shares Offer to Purchase Shares

    Y04250a -
    Québec Anglais Droit civil Non annoté Simplifié

    99,99 $

    99,99 $

  7. Offre d'achat d'actions Offre d'achat d'actions

    Y04250n -
    Québec Français Droit civil Annoté Simplifié

    149,99 $

    149,99 $

  8. Offre d'achat d'actions Offre d'achat d'actions

    Y04270n -
    Québec Français Droit civil Annoté Détaillé

    274,99 $

    274,99 $

  9. Offre d'achat d'actions Offre d'achat d'actions

    Y04250 -
    Québec Français Droit civil Non annoté Simplifié

    99,99 $

    99,99 $

Offer to Purchase Shares

This offer to purchase shares template allows a party to offer all or part of the shares that party holds in the corporation. If all the essential elements of the transactions are set out in the offer, it will bind both parties once the offer is accepted by the beneficiary.

When a business becomes a corporation, the transfer can be made through either the sale of the business assets (see templates in section "Y02") or at least a majority of the issued and outstanding voting shares of the corporation to a new buyer.

Offer to Purchase Shares

We recommend using this template as part of a proposed acquisition, when the offeror wants the offeree to be able to immediately accept the contractual terms of the offer, thereby reducing the risk that the transaction will be aborted should a disagreement arise regarding any unspecified term.

Transferring a business through an assignment of shares usually proceeds in one of two ways. The first, through a simple letter of intent (see template Y04200) summarizing the main aspects of the transaction, but without binding the parties, followed by a share purchase agreement (see template Y04500 or Y04550) setting out all the details of the terms of the share purchase. The second way is through a version detailed offer to purchase shares (this template) followed by a closing certificate (template Y04600) and the execution of all accessory documents required to complete the transaction.

Offer to Purchase Shares

0.00 INTERPRETATION
0.01 Definitions
0.01.01 Breach
0.01.02 Closing Date
0.01.03 Confidential Information
0.01.04 Control
0.01.05 Corporation
0.01.06 Effective Date
0.01.07 Encumber or Encumbrance
0.01.08 Equipment
0.01.09 Force Majeure
0.01.10 Loss
0.01.11 Offer
0.01.12 Shares
0.02 Entire Agreement
0.03 Applicable Law
0.04 Non-Compliance
0.04.01 Severability
0.04.02 Substitute Provision
0.05 Miscellaneous
0.05.01 Cumulative Rights
0.05.02 No Waiver
0.05.03 Time and Days
a) Time of the Essence
b) Computation of Time
c) Delays
0.05.04 Approval
1.00 PURPOSE
1.01 Offer to Purchase
1.02 Conditions Precedent
1.03 Election by OFFEROR
2.00 CONSIDERATION
2.01 Price
2.02 Adjustments
2.02.01 Operating Income
2.02.02 Shareholders’ Equity
3.00 TERMS OF PAYMENT
3.01 Deposit
3.01.01 Escrow
3.01.02 Instructions
3.01.03 Return
3.02 Initial Instalment
3.03 Balance of Price
3.03.01 Monthly Instalments
a) Total Amount
b) Payment Schedule
c) Interest
3.04 Prepayment
3.05 Promissory Note
3.05.01 Remittance
3.05.02 Scope
3.06 Claims by a Third Party
3.07 Loss of Term
4.00 SECURITY
4.01 In Favour of OFFEROR
4.02 In Favour of BENEFICIARY
4.02.01 Liability
4.02.02 Pledge of Personal Property
4.02.03 Shares Placed in Escrow
4.02.04 Other Rights
5.00 MUTUAL REPRESENTATIONS AND WARRANTIES
5.01 Status and Authority
5.02 Disclosure
6.00 REPRESENTATIONS AND WARRANTIES OF OFFEROR
6.01 Nominee
6.02 Financing
7.00 REPRESENTATIONS AND WARRANTIES OF BENEFICIARY
7.01 Person
7.01.01 Insolvency
7.01.02 Conduct
7.02 Shares
7.02.01 Ownership
7.02.02 Encumbrances
7.02.03 Issue and Transfer
7.02.04 Assignability
7.02.05 Dividend
7.02.06 Dilution
7.03 Corporation
7.03.01 Authorized and Issued Capital
7.03.02 Books and Records
7.04 Shareholders
7.05 Human Resources
7.05.01 Labour Standards
7.05.02 Occupational Health and Safety
7.05.03 Pay Equity
7.05.04 Key Persons
7.06 Corporate Finance
7.06.01 Leasing Agreements
7.06.02 Adverse Event
7.06.03 No Conflict or Breach
7.07 Financial Matters
7.07.01 Financial Statements
7.07.02 Guarantees and Security
7.07.03 Advances
7.07.04 Release
7.08 Tax Matters
7.08.01 Income Tax
7.08.02 Filing
7.08.03 Deductions and Remittance
7.09 Occupancy Rights
7.09.01 Real Property
7.09.02 Leases
7.10 Permits and Licenses
7.10.01 Situation
7.11 Environmental Matters
7.11.01 Environmental Laws
7.11.02 Hazardous Materials
7.11.03 Compliance
7.12 Intellectual Property
7.12.01 Entitlement
7.12.02 Claims
7.12.03 Transaction
7.12.04 Copyright
7.13 Customer Credit
7.13.01 Accounts Receivable
7.14 Insurance
7.14.01 Coverage
7.14.02 Good Standing
7.14.03 Claims
7.15 Legal Proceedings
8.00 MUTUAL DUTIES AND OBLIGATIONS
8.01 Representations and Warranties
8.02 Confidential Information
8.02.01 Undertaking
8.02.02 Duration of Undertaking
8.02.03 Transaction not Concluded
a) Request for Return
b) Destruction
8.02.04 Penalty
8.03 Indemnification
8.03.01 Threshold
8.03.02 Scope
8.03.03 Procedure
8.04 Disclosure of Existence of Offer
8.04.01 Undertaking
8.04.02 Public Announcement
8.04.03 Exception
9.00 DUTIES AND OBLIGATIONS OF OFFEROR
9.01 Continuous Disclosure
9.02 Closing Date
9.03 Release and Discharge
9.03.01 Deadline
9.03.02 Indemnification
9.04 Financial Statements
10.00 DUTIES AND OBLIGATIONS OF BENEFICIARY
10.01 Prior to Closing Date
10.01.01 Access to Documents
10.01.02 Breach of Representations and Warranties
a) Annulment
b) Return of Deposit
10.01.03 Encumbrances
10.01.04 Conduct of Business
10.02 After Closing Date
10.03 Transition Period
10.03.01 Continuous Disclosure
10.03.02 Support
10.04 Non-Competition
10.05 Non-Solicitation
10.05.01 Personnel
10.05.02 Clients
10.06 Release
11.00 SPECIAL PROVISIONS
11.01 Assignment
11.01.01 Prohibition
11.01.02 Effect of Breach
11.02 Force Majeure
11.02.01 Limitation of Liability
11.02.02 Duty
11.02.03 Rights of Other PARTY
11.03 Further Assurances
11.04 Closing Session
11.04.01 Place
11.04.02 Time Limit to Accept
11.05 Taking of Inventory
12.00 GENERAL PROVISIONS
12.01 Notice
12.02 Dispute Resolution
12.02.01 Good Faith Negotiations
a) Written Notice
b) Meeting
12.02.02 Mediation
a) Process
a) Mediator
b) Settlement
c) Legal Proceedings [OR Arbitration]
12.02.03 Arbitration
12.03 Election
12.04 Amendment
12.05 No Waiver of Rights
12.06 Electronic Transmission
13.00 REVOKING ACCEPTANCE OF OFFER
14.00 EFFECTIVE DATE
15.00 DURATION
15.01 Expiry Date
15.02 Survival
16.00 SCOPE



SCHEDULE 7.07.01 – FINANCIAL STATEMENTS
SCHEDULE 10.04 – PRODUCTS AND SERVICES
SCHEDULE 10.05.02 – CLIENTS






Offre d'achat d'actions

  1. Documents

  2. Offre d'achat d'actions Offre d'achat d'actions

    Y04270 -
    Québec Français Droit civil Non annoté Détaillé

    199,99 $

    199,99 $

  3. Benchmarking Grid - Offer to Purchase... Benchmarking Grid - Offer to Purchase Shares

    Y04271a -
    Québec Anglais Droit civil Non annoté Détaillé

    19,99 $

    19,99 $

  4. Grille d'analyse - Offre d'achat... Grille d'analyse - Offre d'achat d'actions

    Y04271 -
    Québec Français Droit civil Non annoté Détaillé

    19,99 $

    19,99 $

  5. Offer to Purchase Shares Offer to Purchase Shares

    Y04270a -
    Québec Anglais Droit civil Non annoté Détaillé

    199,99 $

    199,99 $

  6. Offer to Purchase Shares Offer to Purchase Shares

    Y04250a -
    Québec Anglais Droit civil Non annoté Simplifié

    99,99 $

    99,99 $

  7. Offre d'achat d'actions Offre d'achat d'actions

    Y04250n -
    Québec Français Droit civil Annoté Simplifié

    149,99 $

    149,99 $

  8. Offre d'achat d'actions Offre d'achat d'actions

    Y04270n -
    Québec Français Droit civil Annoté Détaillé

    274,99 $

    274,99 $

  9. Offre d'achat d'actions Offre d'achat d'actions

    Y04250 -
    Québec Français Droit civil Non annoté Simplifié

    99,99 $

    99,99 $