Legal Shareholder Agreements for Ontario Businesses

A shareholder agreement is a contract entered into between the shareholders of a privately held Ontario or Canadian corporation that sets out additional rights and remedies not included in the documents of incorporation such as the corporation’s by-laws or articles.

Create a Shareholder Agreement with up to 4 Shareholders for one low price

Whereas the articles and bylaws of a corporation address basic governance of the corporation, shareholder agreements go beyond the basics to address important issues such as share liquidity, control and voting rights, restrictions on the transfer of shares, and protections for minority shareholders.

$2499.99 + HST.

Why do I need a Shareholder Agreement?

Often business partners have an informal agreement between them regarding how the business should be run at a corporate level. A properly drafted shareholder agreement provides written evidence of the parties’ intentions and legally binding terms the parties must abide by. 

Most disputes between the shareholders of a closely held corporation occur when one (or some) of the shareholders want to exit the venture.

Because the shares of a privately held corporations often have a limited secondary market, it is not uncommon for costly legal disputes to occur when one shareholder wants to sell their shares. This is one of the reasons why it is important to have a detailed shareholder agreement drafted to protect the existing and remaining shareholders including provisions such as drag-along rights and tag-along rights, rights of first refusal, veto rights, and deadlock or buy-sell provisions.

How to Draft a Shareholder Agreement with Supply Law


Submit your request for a consultation.


A licensed Ontario contract lawyer will contact you and provide you with a questionnaire about your corporation, goals, and business.


Return your completed questionnaire and your lawyer will produce a draft version of your shareholder agreement.


Review your draft shareholder agreement and provide your feedback.


Your lawyer will review your feedback, make any necessary amendments, and provide you with a final draft version of your shareholder agreement that you can use right away.

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* As with all legal matters, pricing will ultimately depend on the complexity of the situation and the time a lawyer spends working on a file. All references to pricing and flat rate fees reflect the standard rate in usual circumstances. In the event the complexity or time spent working on a file exceeds usual circumstances Supply Law reserves the right to provide you with a revised estimate and you may choose to accept the new estimate and continue with work or terminate the retainer agreement and only pay for those services already rendered.