Newsletter/Blog

Hiring a Corporate Lawyer when Purchasing a Business

Deciding whether to hire a corporate lawyer for the purchase of a business depends very much on the complexity of the acquisition process and the budget of the purchaser. Beyond those considerations, it is very much a personal decision based on the comfortability of the purchaser in handling the acquisition process. Corporate lawyers employ a number of evaluation criteria to determine if the company is worthy of investment. Some businesses…

Continue reading article ›

The Option to Renew: An Critical Term for Tenants Negotiating a Commercial Lease

When negotiating a commercial lease, it is essential for tenants to understand how an option to renew can affect their rights. The renewal clause is a crucial term in any commercial lease. The clause gives a tenant the right, but not the obligation, to renew or extend the term of the lease when it expires. If it is exercised, the landlord and tenant create an extended term that begins on…

Continue reading article ›

Reasons to Hire a Corporate Lawyer When Purchasing a Business

Hiring a Corporate Lawyer to Assist Purchasing a business without hiring a corporate lawyer to assist in the purchase would not be a smart thing to do. There are too many legal complexities that must be addressed. Failing to address any of those complexities could cost you much more than the cost of hiring a lawyer in the first place. A lawyer can help assure that you acquire what you…

Continue reading article ›

New Record Keeping Requirements for Corporations that own interests in land in Ontario

As of December 10, 2016 all corporations incorporated under the Business Corporations Act (Ontario)(“OBCA”) with ownership interests in real property in Ontario have new record keeping requirements. As of December 10, 2016 all Ontario corporations with ownership in real property in Ontario must prepare and maintain at their registered office a register of “ownership interests” in land as a result of a newly enacted section 140.1 in the OBCA. This…

Continue reading article ›