For a business to succeed, everyone pitches in and gets the job done. But when those extra hours aren’t tracked or paid properly, what starts as teamwork can quickly turn into an…
A General Overview Representations and warranties are arguably the most important section of any purchase agreement. In simple terms, they are statements of fact, assurances, and promises made by the parties regarding…
Once you’ve had satisfactory discussions with a potential purchaser or vendor (and perhaps even signed a Letter of Intent), it is time to turn your attention to the Purchase Agreement. Typically, the…
If you’ve ever considered selling your business, you may have heard that you should sign a confidentiality agreement or a letter of intent before getting started with a potential buyer. But have…
In the current economy, many employers are finding that they need to implement workforce changes and reduce labour costs. This can include shifting compensation to be more heavily commission-weighted, reducing hours of…
Preparing a corporation for sale involves more than financial due diligence — it requires ensuring your corporate records are clean, current, and complete. One of the first things a buyer (and their…
They make a million mistakes, steal products, lie about being sick to skip work—and yet, you may still be unable to fire them for just cause. That’s how high the bar is…
Over the last five years, the Ontario Court of Appeal has rendered several sweeping decisions that have broadly rendered termination provisions unenforceable. In fact, the courts held that enforceable termination provisions require…
When ending the employment relationship, employers often assume that paying out termination entitlements is the only option. But working notice – where the employee continues to work during the notice period –…
When it comes to limiting and defining your obligations as an employer, there is nothing more valuable than a written employment agreement. And the most important part of that agreement is the…
BackgroundStarting February 1, 2025, all entities registered in the Ontario Business Registry (“OBR”) must use a “Company Key” to conduct transactions. As such, if you do not already have a Company Key…
BackgroundIn response to multiple complaints and concerns from the public, the College of Patent Agents & Trademark Agents (“CPATA”) and the Canadian Intellectual Property Office (“CIPO”) released a caution to trademark holders…
