tiktok³ÉÈ˰æ

Buyout Agreement Template for Canada

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Buyout Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Buyout Agreement

"I need a Buyout Agreement for a technology company acquisition valued at $5M CAD, where the selling shareholders will remain as consultants for 12 months post-closing, with closing expected by March 2025."

Document background
The Buyout Agreement serves as the primary transaction document in business acquisitions across Canada, whether structured as share purchases or asset sales. This document is essential when one party wishes to acquire ownership of a business from its current owner(s), requiring careful consideration of both federal and provincial legal requirements. It is commonly used in various scenarios including management buyouts, corporate acquisitions, and private equity transactions. The agreement must comply with the Canada Business Corporations Act or relevant provincial business corporations acts, securities regulations, competition laws, and tax legislation. It typically includes detailed provisions on purchase price mechanisms, representations and warranties, conditions precedent, post-closing covenants, and indemnification provisions, all tailored to protect the interests of both buyers and sellers while ensuring regulatory compliance.
Suggested Sections

1. Parties: Identification of the seller(s) and buyer(s), including full legal names and addresses

2. Background: Context of the transaction, including description of the business and reason for the buyout

3. Definitions: Definitions of key terms used throughout the agreement

4. Purchase and Sale: Core transaction terms including what is being sold (shares/assets) and purchase price

5. Payment Terms: Structure and timing of payments, including any earnout or adjustment mechanisms

6. Closing: Closing date, conditions precedent, and closing deliverables

7. Representations and Warranties of Seller: Seller's statements about the business, assets, liabilities, and other material facts

8. Representations and Warranties of Buyer: Buyer's statements about their capacity and authority to complete the transaction

9. Covenants: Ongoing obligations of the parties before and after closing

10. Indemnification: Terms for compensating parties for breaches or losses

11. Termination: Circumstances under which the agreement can be terminated and consequences

12. Confidentiality: Obligations regarding confidential information

13. General Provisions: Standard legal provisions including governing law, notices, and amendment procedures

Optional Sections

1. Employee Matters: Used when the buyout affects employment relationships, addressing retention, benefits, and severance

2. Intellectual Property: Required when IP assets are significant to the business value

3. Real Estate: Needed when the business owns or leases significant real property

4. Environmental Matters: Important for businesses with environmental risks or compliance obligations

5. Non-Competition: Include when restricting seller's future competitive activities

6. Transition Services: Necessary when seller will provide post-closing operational support

7. Tax Matters: Detailed tax provisions for complex transactions or specific tax structuring

8. Working Capital Adjustment: Used when purchase price depends on working capital at closing

9. Earn-out Provisions: Include when part of purchase price is contingent on future performance

Suggested Schedules

1. Schedule A - Purchased Assets: Detailed list of assets included in the sale

2. Schedule B - Excluded Assets: List of assets explicitly excluded from the sale

3. Schedule C - Assumed Liabilities: Detailed list of liabilities buyer will assume

4. Schedule D - Excluded Liabilities: List of liabilities explicitly excluded from assumption

5. Schedule E - Financial Statements: Recent financial statements of the business

6. Schedule F - Material Contracts: List and copies of important business contracts

7. Schedule G - Intellectual Property: List of IP assets and related agreements

8. Schedule H - Real Property: Details of owned and leased real estate

9. Schedule I - Employee Information: List of employees, positions, and compensation

10. Schedule J - Permits and Licenses: List of business permits, licenses, and authorizations

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses





































Relevant Industries

Manufacturing

Technology

Retail

Professional Services

Healthcare

Real Estate

Financial Services

Construction

Energy

Transportation

Agriculture

Mining

Telecommunications

Hospitality

Education

Relevant Teams

Legal

Finance

Mergers & Acquisitions

Corporate Development

Tax

Risk Management

Compliance

Executive Leadership

Business Development

Corporate Strategy

Due Diligence

Integration

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Corporate Lawyer

Investment Banker

Business Development Director

Mergers & Acquisitions Manager

Private Equity Manager

Corporate Secretary

Financial Controller

Tax Director

Due Diligence Manager

Risk Management Officer

Business Valuation Specialist

Integration Manager

Transaction Advisory Director

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Vehicle Sales Contract Between Individuals

A comprehensive contract template for private vehicle sales between individuals in Canada, ensuring compliance with federal and provincial regulations.

find out more

Real Estate Sale Contract By Owner

A legally compliant Canadian real estate contract for direct property sales between owner and buyer without real estate agent involvement.

find out more

Property Offer To Purchase Agreement

A Canadian legal document outlining terms and conditions for a proposed property purchase, including price, conditions, and closing details.

find out more

Purchase And Sale Agreement Commercial (Real Estate)

A Canadian-law governed agreement for the purchase and sale of commercial real estate property, detailing all transaction terms and compliance requirements.

find out more

Generic Real Estate Sales Contract

A standardized Canadian real estate purchase agreement that facilitates property transactions while ensuring compliance with federal and provincial regulations.

find out more

Purchase Sale Agreement Business

A Canadian-law governed agreement that documents the terms and conditions for the sale and purchase of a business, including all relevant assets or shares and associated obligations.

find out more

Agreement Of Sale Of Motor Vehicle

A Canadian-compliant legal agreement documenting the sale and purchase of a motor vehicle, including all essential terms and conditions required by federal and provincial laws.

find out more

Sell And Purchase Agreement

A Canadian law-governed agreement documenting the terms and conditions for the transfer of assets or property from seller to purchaser.

find out more

Home Purchase Contract For Sale By Owner

A legal agreement for private residential property sales in Canada, structured for direct transactions between seller and buyer without real estate agent involvement.

find out more

Simple Home Purchase Agreement

A standardized legal agreement for residential property purchases in Canada, outlining key terms and conditions between buyer and seller.

find out more

Letter Of Intent For Property Sale

A preliminary document used in Canadian property transactions that outlines proposed terms and conditions for a property sale, serving as a framework for the final purchase agreement.

find out more

Home For Sale By Owner Contract

A Canadian legal agreement for private property sales without real estate agent representation, ensuring compliant direct sales between property owners and buyers.

find out more

Simple Lot Purchase Agreement

A Canadian law-governed agreement for the purchase and sale of a land lot, detailing transaction terms, conditions, and party obligations.

find out more

Sales With Buyback Agreement

Canadian-law governed agreement for sale of goods with predetermined future repurchase terms, compliant with federal and provincial regulations.

find out more

Lot Sale Contract

A Canadian legal agreement for the purchase and sale of vacant land or developable lots, complying with federal and provincial real estate regulations.

find out more

Land Contract Purchase Agreement

A Canadian legal agreement documenting the terms and conditions for the purchase and sale of land, ensuring compliance with federal and provincial property laws.

find out more

Contract For Deed Purchase Agreement

A Canadian legal agreement where a property seller finances the purchase directly, maintaining title until full payment while the buyer takes possession and makes installment payments.

find out more

Contract To Buy And Sell Real Estate Residential

A Canadian legal agreement governing the purchase and sale of residential real estate, outlining all essential terms and conditions for property transfer.

find out more

Private Land Sale Contract

A legally binding agreement for private land transfer between parties in Canada, outlining sale terms and conditions in compliance with Canadian property law.

find out more

New Home Sales Contract

A Canadian legal agreement for the sale and purchase of newly constructed residential properties, outlining all essential aspects of the transaction and ensuring regulatory compliance.

find out more

As Is Home Sale Contract

A Canadian legal agreement for the sale of property in its current condition ("as is"), with limited seller warranties while maintaining compliance with mandatory disclosure requirements.

find out more

Simple Agreement Of Sale

A Canadian-law governed agreement that documents the basic terms and conditions for the sale of goods or property between a seller and buyer.

find out more

Real Estate Offer To Purchase Contract

A legally binding document used in Canadian jurisdictions to formalize a buyer's offer to purchase real property, including all essential terms and conditions of the proposed transaction.

find out more

Simple Land Purchase Agreement

A standardized agreement for land purchase transactions in Canada, documenting the terms and conditions of property transfer between seller and buyer.

find out more

Sell Buy Back Agreement

A Canadian-law governed agreement documenting the sale of securities with a simultaneous commitment to repurchase them at a future date for a specified price.

find out more

Sell And Buy Back Agreement

A Canadian-law governed agreement establishing terms for the sale of securities with a commitment to repurchase them at a future date and price.

find out more

Real Property Sales Contract

A Canadian-law governed contract for the sale and purchase of real property, documenting terms, conditions, and obligations of the transaction.

find out more

Agreement Of Sale Contract

A Canadian-law governed contract documenting the terms and conditions for the sale and transfer of assets, goods, or property between parties.

find out more

Sale And Buy Back Agreement

A Canadian law-governed agreement detailing the sale of assets with a predetermined buy-back arrangement, including terms for initial sale, interim period, and repurchase conditions.

find out more

Buyout Agreement

A Canadian-law governed agreement detailing the terms and conditions for the purchase and sale of a business interest, including purchase price, warranties, and closing conditions.

find out more

Buy And Sell Agreement

A Canadian legal document that formalizes the terms and conditions of a sale transaction between parties, outlining purchase details, price, and obligations under federal and provincial law.

find out more

Real Estate Sales Contract

A legally binding agreement for property transfer in Canada, outlining terms of sale and complying with federal and provincial real estate laws.

find out more

Home Sale Contract

A legally binding agreement under Canadian law for the sale and purchase of residential property, detailing all terms and conditions of the real estate transaction.

find out more

Asset Purchase And Sale Agreement

A legally binding agreement under Canadian law that governs the sale and purchase of specific assets between parties, detailing terms, conditions, and obligations of the transaction.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.