Business

Written by: Sara Bahadori  A construction lien is a legal right that allows a party to secure payment for services or materials supplied to improve a property. Governed by Ontario’s Construction Act, RSO 1990, c C.30, a lien attaches to the property itself, creating a legal hold over it until payment is made. This remedy...Read More

Written by: Stefania Rotundu Recent developments in Ontario caselaw has placed a renewed emphasis on the specific wording in termination clauses. Employers should ensure their termination clauses remain valid in light of these developments or risk exposing themselves to hefty compensation payouts to employees upon termination. In Ontario, most employment contracts are governed by the...Read More

What is a breach of contract? A breach of a contract occurs when one or more of the agreed upon terms and/or conditions of a binding contract or agreement is broken or unfulfilled by one or more of the contracting parties. Anything from a late payment to a more significant infraction, such as failure or...Read More

A share sale and an asset sale are the two main ways to sell a private corporation in Canada. Each approach has tax repercussions for both the buyer and the seller. In general, sellers choose share sales to benefit from the favourable capital gains treatment, but purchasers prefer asset sales to reduce overall risk of...Read More