The rapid spread of COVID-19 and the rapid action taken by every level of government has created a perfect storm for Canadian businesses. Two of the biggest challenges businesses face are uncertainty and rapid change. In this moment, we are seeing an unprecedented level of both, and we understand that clients are looking for answers….

What is a letter of intent? A letter of intent is a document used to provide the parties to a proposed transaction with the opportunity to reach an understanding on the key business terms and to lay out the general framework for the final binding agreement of purchase and sale (the “APS”). What are the…

COVID-19 is a business and legal challenge the likes of which we haven’t seen in over fifty years. As governments grapple with how to respond to the crisis and enact bans on gatherings of 50 or more people and enforce business closures in high risk areas, business owners need to make decisions on how to…

If you are, have you spoken to an experienced franchise lawyer? Franchising has proven to be a preferred business model for a wide variety of industries. Successful franchises provide a considerable number of jobs and generate impressive revenue numbers. It is critical that a prospective franchisee obtain professional advice and guidance prior to completing the…

Starting up a new business with one or more other parties requires focus, energy, commitment and co-operation. The typical process includes retaining legal and accounting/tax advice. Another usual component is a strategic business plan developed by the intended new owners. In addition, the business will likely require financing, and sourcing that funding will be an…

Your business is going great. Money is flowing in, employees and customers are happy, and your relationships with your business partners and community couldn’t be better. And then one day, as you’re tidying up your office, you knock over a dusty old book with your company’s name on it, a bunch of old documents within,…

Succession Planning for the Family Business

Do you want to someday successfully transfer the family business to the next generation? Don’t wait until the later stages of a founder’s life to create a plan. Do it earlier, when time is on everyone’s side. Many plans require a significant number of years to allow for effective tax planning and proper integration of…

Starting Your Own Business

People who want to start their own business get excited at the prospect of being their own boss, seeing their ideas evolve into reality and earning large profits. But ask yourself: Do you have a good business plan?  Is the necessary funding in place? If a technology business, is your intellectual property protected? Do you…

Buying or Selling a Business

Are you considering buying or selling an existing business?  Typically, businesses change hands by way of the purchase and sale of shares or the purchase and sale of assets. Do you understand the differences between these two methods? Do you know which method would be best for you? There are important strategies involved in negotiating…

How Should We Split the Cheque?

An Overview of Cost-Sharing Agreements We often see professionals, like doctors, dentists, or accountants, come together with their own independent practices to form partnerships and corporations to share costs and manage their affairs. If you’re considering coming together to help reduce certain costs, but want to maintain independence and autonomy with your own practice, you…

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