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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....
Is a Disclosure Document Required if a Franchise is being Assigned by the Franchisee?
Pursuant to subsection 5(1) of the Arthur Wishart Act (Franchise Disclosure), 2000, S.O. 2000 c. 3 (the "Act"), franchisors must provide prospective franchisees with a disclosure document. However, subsection 5(7) of the Act exempts the franchisor from this requirement in...
Franchise Disclosure Documents in Ontario
Under the Arthur Wishart Act (Franchise Disclosure), 2000 (Ontario), franchisors are required to provide prospective franchisees with a disclosure document, which must include a certificate, certifying that the disclosure document: (a) contains no untrue information, representations or statements; and (b)...
Annual Valuation Provisions in Shareholders’ Agreements
Where a private corporation has more than one shareholder, the shareholders are well advised to enter into a shareholders' agreement. This is an agreement that specifies how the corporation is to be governed, how major decisions will be made, and...
