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Cancelling a Real Estate Offer in Ontario
You may have seen the phrase "this offer shall be irrevocable by" on your Agreement of Purchase and Sale during a real estate transaction in Ontario. This phrase usually contains a specific date and time and states "after which time,...
Benefits Available With Real Estate Lawyers for First-Time Home Buyers
There are many aspects of a real estate transaction that may seem overwhelming, especially when it is your first home purchase. The transaction is likely the largest investment you have ever made. In order to ensure that the transaction goes...
The Importance of a Well-Drafted Asset Purchase Agreement
A recent decision of the Ontario Superior Court of Justice highlights the importance of a well-drafted asset purchase agreement. In Jonathan's - Aluminum & Steel Supply Inc. v. Retail Alloy Metal & Plastic Plus Ltd. (Oct. 20, 2015), 259 A.C.W.S....
Employment Agreements – Are yours worth the paper they are written on?
Reducing the terms of an employment agreement to writing at the start of a working relationship, when the atmosphere is generally positive and memories have not faded, is a good idea as it provides the employer and the employee with...
Seller Property Information Statement – Do Not Sign
Sellers should not sign the Seller Property Information Statement ("SPIS") for many reasons. First, and foremost, it is not a required document to create a binding Agreement of Purchase and Sale. Next, it is overly complex, technically difficult to complete...
