Given the ongoing pandemic, many purchasers are unable to pay their vendors for products they received. Many vendors have tried their best to accommodate these purchasers by delaying payment dates or entering into payment plans. But what happens if the purchaser never pays? How much time does the vendor have to sue the purchaser for …
Onerous Conditions
In my previous blog (Volume 1, Number 2), I discussed the importance of reading contracts before signing them. As a refresher, if you sign a contract, you are generally bound by the terms of the contract even if you had not read the terms of the contract before you signed it. While this advice is …
Canada Sanctions Belarusian Officials for ‘Gross and Systematic Human Rights Violations’
On September 29, 2020, the Government of Canada imposed sanctions on several officials representing the Government of Belarus under the Special Economic Measures Act (SEMA), including Belarusian President Aleksandr Grigoryevich Lukashenko. According to Government Affairs Canada, the sanctions are part of a broader diplomatic effort in the wake of “a systematic campaign of repression and …
UPDATED: Ontario Court of Appeal Sends Employers Back to the Drafting Table … AGAIN!
On June 17, 2020, the Court of Appeal for Ontario released its decision in Waksdale v. Swegon North America Inc., (“Waksdale”) 2020 ONCA 391, delivering a seismic victory for employees, upending decades of practice in drafting employment agreements, and sending companies scrambling to bring their agreements into compliance with the new reality. Drafting Employment Contracts before Waksdale …
You’re Not Ganja Believe This, Health Canada, but the Edible Cannabis Regulations Are a Buzz Kill
Protecting the health and safety of Canadians is a top priority for the Government of Canada. This overarching objective has, of course, made its way into laws restricting the marketing, product development, and ingredients of edible cannabis products, which will soon be marketed and sold to Canadians. The new regulations (the “Regulations”) to the Cannabis …
An IPO or an RTO, That is the Question
On January 3, 2019, the Financial Post reported that 54 new equity issues on four Canadian exchanges raised a total of $2.2 billion dollars in all of 2018, approximately less than half of the $5.1 billion generated from the 37 initial public offerings (“IPOs”) in 2017. According to Go Public in Canada, between the two …
What are the Benefits of Representation and Warranty Insurance in M&A Deals? Close Negotiation Gaps and Ensure Smoother and More Favourable Outcomes
Although representation and warranty insurance (RWI) is an insurance and risk allocation product that has been available for over a decade, the Canadian M&A deal market has not previously embraced it to the same extent as the U.S. market. However, the situation in Canada is changing and if you are purchasing or selling a business, …
Key Considerations For A Franchisor Exit Strategy: The M&A Deal
Acquisitions of other businesses, to strategically grow an existing business or as a financial investment aimed at earning a good return, have been around since the beginning of modern commerce. However, historically, franchise companies grew organically, with traditional financing, as needed. Exit strategies for the entrepreneur-franchisor were often very low on the strategic plan. Today, …
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Global Talent Stream: Fast-Track Work Permits to Fuel Canada’s Innovation Strategy
The Global Talent Stream is a two-year pilot program of Employment and Social Development Canada (ESDC) and Immigration, Refugees and Citizenship Canada (IRCC) that commenced on June 12, 2017. It allows skilled workers with arranged employment in recognized “in-demand” occupations, or who have been referred to the program by designated referral organizations, to obtain work …
Key Considerations For A Franchisor Exit Strategy: The M&A Deal
Acquisitions of other businesses, to strategically grow an existing business or as a financial investment aimed at earning a good return, have been around since the beginning of modern commerce. However, historically, franchise companies grew organically, with traditional financing, as needed. Exit strategies for the entrepreneur-franchisor were often very low on the strategic plan. Today, …
Continue reading “Key Considerations For A Franchisor Exit Strategy: The M&A Deal”