diff --git a/app/src/terminal/shared_session/mod.rs b/app/src/terminal/shared_session/mod.rs
index b99ffff87..1f02ad1c9 100644
--- a/app/src/terminal/shared_session/mod.rs
+++ b/app/src/terminal/shared_session/mod.rs
@@ -149,6 +149,19 @@ impl SharedSessionStatus {
         !matches!(self, Self::NotShared)
     }
 
+    /// Returns `true` when the session currently has a usable sharing
+    /// link the user can copy — i.e. when the share has fully
+    /// established (sharer side) or been joined (viewer side). Pending
+    /// and finished states return `false` so the right-click "Copy
+    /// session sharing link" menu item is not offered when the link
+    /// would either not exist yet or no longer be valid (GH#9736).
+    pub fn has_active_share_link(&self) -> bool {
+        matches!(
+            self,
+            Self::ActiveSharer | Self::ActiveViewer { .. }
+        )
+    }
+
     pub fn as_keymap_context(&self) -> &'static str {
         match self {
             Self::NotShared => "SharedSessionStatus_NotShared",
diff --git a/app/src/terminal/shared_session/mod_test.rs b/app/src/terminal/shared_session/mod_test.rs
index f00d7d997..67df6d24a 100644
--- a/app/src/terminal/shared_session/mod_test.rs
+++ b/app/src/terminal/shared_session/mod_test.rs
@@ -1,4 +1,6 @@
-use super::{decode_scrollback, SharedSessionScrollbackType};
+use super::{decode_scrollback, SharedSessionScrollbackType, SharedSessionStatus};
+use session_sharing_protocol::common::Role;
+use session_sharing_protocol::sharer::SessionSourceType;
 
 use crate::ai::blocklist::agent_view::AgentViewState;
 use crate::assert_lines_approx_eq;
@@ -347,3 +349,40 @@ fn test_loading_scrollback_in_alt_screen() {
     // Make sure we're in the alt screen.
     assert!(model.is_alt_screen_active());
 }
+
+/// Regression test for GH#9736: the right-click "Copy session sharing link"
+/// menu item must only be offered when a sharing URL actually exists. Pending
+/// shares (which can include shares that failed to establish) and finished
+/// viewer states leave no link to copy and previously surfaced the menu item
+/// anyway, writing a stale or empty value to the clipboard.
+#[test]
+fn has_active_share_link_only_true_for_active_states() {
+    // States with a usable link.
+    assert!(SharedSessionStatus::ActiveSharer.has_active_share_link());
+    assert!(
+        SharedSessionStatus::ActiveViewer { role: Role::Reader }.has_active_share_link(),
+        "ActiveViewer (reader) must offer copy link"
+    );
+    assert!(
+        SharedSessionStatus::ActiveViewer {
+            role: Role::Executor,
+        }
+        .has_active_share_link(),
+        "ActiveViewer (executor) must offer copy link"
+    );
+
+    // States without a usable link — these are the ones that produced
+    // the GH#9736 regression.
+    assert!(!SharedSessionStatus::NotShared.has_active_share_link());
+    assert!(!SharedSessionStatus::SharePending.has_active_share_link());
+    assert!(
+        !SharedSessionStatus::SharePendingPreBootstrap {
+            source_type: SessionSourceType::default(),
+        }
+        .has_active_share_link(),
+        "SharePendingPreBootstrap must not offer copy link — \
+         this is the state a failed-to-share session sits in"
+    );
+    assert!(!SharedSessionStatus::ViewPending.has_active_share_link());
+    assert!(!SharedSessionStatus::FinishedViewer.has_active_share_link());
+}
diff --git a/app/src/terminal/view/pane_impl.rs b/app/src/terminal/view/pane_impl.rs
index 48b245775..c4e8347f6 100644
--- a/app/src/terminal/view/pane_impl.rs
+++ b/app/src/terminal/view/pane_impl.rs
@@ -652,7 +652,14 @@ impl BackingView for TerminalView {
         let shared_session_status = model.shared_session_status();
         let is_ambient_agent = self.is_ambient_agent_session(ctx);
         if shared_session_status.is_sharer_or_viewer() {
-            if !is_ambient_agent {
+            // "Copy link" is gated on `has_active_share_link()` rather than
+            // the outer `is_sharer_or_viewer()` so that pending and failed
+            // states (which leave no usable URL) do not surface a copy
+            // entry — see GH#9736. The neighbouring "Stop sharing session"
+            // entry deliberately stays under `is_sharer_or_viewer()` /
+            // `is_sharer()` so the user can still cancel a stuck pending
+            // share.
+            if !is_ambient_agent && shared_session_status.has_active_share_link() {
                 items.push(
                     MenuItemFields::new("Copy link")
                         .with_on_select_action(TerminalAction::CopySharedSessionLink { source })
diff --git a/app/src/terminal/view/shared_session/view_impl.rs b/app/src/terminal/view/shared_session/view_impl.rs
index 651269e3a..18eb55629 100644
--- a/app/src/terminal/view/shared_session/view_impl.rs
+++ b/app/src/terminal/view/shared_session/view_impl.rs
@@ -1630,7 +1630,13 @@ impl TerminalView {
             );
         }
 
-        if model.shared_session_status().is_sharer_or_viewer() {
+        // Only offer "Copy session sharing link" when a link actually
+        // exists. Pending shares (SharePending / SharePendingPreBootstrap)
+        // have not yet produced a URL, and a session that finished or
+        // failed to share leaves no link to copy. Surfacing the menu
+        // entry in those states writes a stale or empty value to the
+        // clipboard — see GH#9736.
+        if model.shared_session_status().has_active_share_link() {
             items.push(
                 MenuItemFields::new("Copy session sharing link")
                     .with_on_select_action(TerminalAction::CopySharedSessionLink {