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Business

Breach of Contract and Remedies

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...
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Buying or Investing in a Business

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...
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