¶¶Òõ¶ÌÊÓÆµ

Founder Repurchase 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 Founder Repurchase 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:

Founder Repurchase Agreement

"I need a Founder Repurchase Agreement for an immediate buyout of a departing founder's 15% shareholding in our technology company, with full cash payment at closing planned for March 2025."

Document background
The Founder Repurchase Agreement is a crucial document used when a company seeks to repurchase shares from one or more of its founders. This situation commonly arises during founder exits, succession planning, or corporate restructuring. The agreement, structured under Canadian law, must comply with federal and provincial corporate regulations, securities laws, and tax requirements. It typically addresses the valuation of shares, payment mechanisms, representations and warranties, and may include provisions for installment payments or security arrangements. The document is essential for ensuring a smooth transition of ownership while protecting both the company's and the departing founder's interests. Key considerations include compliance with shareholder agreements, corporate bylaws, and applicable securities regulations.
Suggested Sections

1. Parties: Identification of the company and the founder(s) selling their shares

2. Background: Context of the agreement, including founder's role and reason for repurchase

3. Definitions: Key terms used throughout the agreement

4. Sale and Purchase of Shares: Core terms of the share transfer, including number of shares and price

5. Purchase Price and Payment: Details of the purchase price calculation and payment mechanics

6. Closing: Timing and mechanics of the closing process

7. Conditions Precedent: Conditions that must be met before the repurchase can proceed

8. Representations and Warranties of the Founder: Founder's confirmations regarding share ownership, authority to sell, etc.

9. Representations and Warranties of the Company: Company's confirmations regarding authority, compliance, etc.

10. Covenants: Ongoing obligations of the parties

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

12. General Provisions: Standard boilerplate clauses including notices, amendments, governing law, etc.

Optional Sections

1. Installment Payment Terms: Used when the purchase price will be paid in installments rather than as a lump sum

2. Security Arrangements: Required when security is provided for deferred payments

3. Non-Competition and Non-Solicitation: Include when the founder is required to agree to post-sale restrictions

4. Tax Matters: Detailed tax provisions when complex tax implications need to be addressed

5. Employment Termination: Include when the repurchase is connected to employment termination

6. Dispute Resolution: Specific dispute resolution procedures beyond standard court proceedings

7. Release: Mutual release of claims when there's a concurrent separation from the business

8. Confidentiality: Detailed confidentiality provisions beyond standard terms

Suggested Schedules

1. Schedule A - Share Details: Detailed description of shares being repurchased, including share certificates

2. Schedule B - Purchase Price Calculation: Formula or method for calculating the purchase price

3. Schedule C - Closing Deliverables: List of documents and items to be delivered at closing

4. Schedule D - Form of Resignation: Form of resignation from director/officer positions if applicable

5. Schedule E - Security Documentation: Forms of security documents if installment payments are involved

6. Appendix 1 - Board Resolutions: Company resolutions approving the repurchase

7. Appendix 2 - Share Certificates: Copies of relevant share certificates

8. Appendix 3 - Payment Schedule: If installment payments are involved, detailed payment schedule

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 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

Technology

Software

E-commerce

Manufacturing

Professional Services

Healthcare

Financial Services

Retail

Media and Entertainment

Consumer Products

Biotechnology

Clean Technology

Real Estate

Education Technology

Relevant Teams

Legal

Finance

Corporate Development

Executive Leadership

Board of Directors

Human Resources

Corporate Governance

Treasury

Tax

Compliance

Relevant Roles

Chief Executive Officer

Chief Financial Officer

General Counsel

Corporate Secretary

Board Director

Founder

Co-Founder

Chief Legal Officer

Corporate Development Manager

Finance Director

Managing Director

Company Secretary

HR Director

Chief Operating Officer

Vice President of Legal Affairs

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

Founders Agreement With Vesting

A Canadian-law governed agreement establishing founder relationships, equity distribution, and vesting arrangements in a newly formed company.

find out more

Founders Shares Agreement

A Canadian-law governed agreement establishing share ownership rights, obligations, and governance arrangements between company founders.

find out more

Founder Stock Restriction Agreement

A Canadian-law governed agreement that establishes terms for founder share ownership, including vesting schedules and transfer restrictions.

find out more

Founders Contract

A Canadian law-governed agreement establishing the fundamental rights and obligations between company co-founders, including equity distribution, roles, and exit provisions.

find out more

Pre Incorporation Founders Agreement

A Canadian law-governed agreement establishing rights, responsibilities, and ownership structure between founders prior to company incorporation.

find out more

Startup Equity Agreement

A Canadian law-governed agreement establishing terms for startup equity issuance, ownership, and transfer, including shareholder rights and obligations.

find out more

Startup Advisor Equity Agreement

A Canadian law-governed agreement establishing the terms of engagement and equity compensation between a startup and an advisor.

find out more

Founders Service Agreement

A Canadian-law governed agreement establishing the service relationship between a founder and their company, including roles, compensation, and mutual obligations.

find out more

Founder Employment Agreement

A Canadian law-governed agreement establishing employment terms and special provisions between a company and its founder(s), including equity arrangements and key responsibilities.

find out more

Co Founder Vesting Agreement

A Canadian law-governed agreement establishing terms for co-founder share vesting, including vesting schedule, conditions, and mutual rights and obligations.

find out more

Founder Repurchase Agreement

A Canadian law-governed agreement detailing the terms and conditions for a company's repurchase of shares from its founder(s).

find out more

Co Founder Exit Agreement

A Canadian legal agreement governing a co-founder's exit from a business, including share transfers, settlements, and ongoing obligations.

find out more

Founder Loan Agreement

A Canadian law-governed agreement documenting a loan from a founder to their company, including loan terms, conditions, and compliance requirements.

find out more

Founder Stock Purchase Agreement

A Canadian law-governed agreement documenting the purchase of company shares by founder(s), establishing share ownership terms and mutual obligations.

find out more

Founder Shareholder Agreement

A Canadian-law governed agreement establishing rights and obligations between founding shareholders, including ownership, management, and exit provisions.

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.