Corporate Law

How Often Should You Review Your Shareholders’ Agreement?

How Often Should You Review Your Shareholders’ Agreement?

A shareholders’ agreement is a contract among a corporation’s owners (shareholders) that governs their relationship, rights, and obligations. In Ontario, these agreements work alongside the Ontario Business Corporations Act (OBCA) and the Canada Business Corporations Act (CBCA), although they are not legally required by those statutes. Instead, a well-drafted agreement offers stability and clarity: it […]

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A Guide to Mastering Due Diligence Checklists

The Ontario Business Buyer’s Shield: A Guide to Mastering Due Diligence Checklists

Navigating the due diligence process is the most critical step in any Ontario based M&A transaction. This essential business due diligence practice involves a meticulous due diligence checklist that guides your investigation into every aspect of a target company. The core of this effort is legal due diligence, a systematic review of corporate records, contracts,

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From Templates to Tailored Contracts: Understanding Service Agreements in Ontario

From Templates to Tailored Contracts: Understanding Service Agreements in Ontario

The current business landscape is ever-evolving wherein service agreements have become more than just formalities, they are the backbone of professional relationships across Ontario. Whether you are a small startup hiring a web developer, a mid-sized company outsourcing IT support, or a large corporation engaging consultants, having a clear and enforceable service agreement ensures that

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Breaking a Commercial Lease in Ontario

Breaking a Commercial Lease in Ontario

Breaking a commercial lease in Ontario is not a decision to be taken lightly. Unlike residential tenancies, which are heavily regulated by the Residential Tenancies Act, commercial leases are contracts governed by the Commercial Tenancies Act (Ontario) and general contract law. This means that both landlords and tenants are expected to honour the lease terms

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A Step-by-Step Guide to Maintain a Corporate Minute Book in Ontario

A Step-by-Step Guide to Maintain a Corporate Minute Book in Ontario

For all incorporated Ontario businesses, keeping a corporate minute book is not just an administrative requirement; it’s a legal requirement, under the Ontario Business Corporations Act (OBCA). A corporate minute book is the primary source of legal and corporate history of the entity, where one can find everything, starting with constituting documents all the way

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Breach of Contract in Ontario: Your Legal Roadmap to Protecting Business Interests

Breach of Contract in Ontario: Your Legal Roadmap to Protecting Business Interests

When a breach of contract undermines trust in a business relationship, be it a missed service deadline, a vendor failing to deliver, or a partner violating the terms of an agreement, the consequences can be financially and professionally damaging. In such situations, clients need not just a legal technician, but a strong, strategic ally who

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Choosing the Right Corporate Law Firm

Choosing the Right Corporate Law Firm

Someone starting up a new business, growing an existing company, or facing a significant transaction, selecting the right corporate law firm, can make a difference between long-term success and a potentially crippling setback. A competent legal partner does more than give you recommendations; they become part of your business model, anticipate problems before they get

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What is a Sole Proprietorship and How to Start One in Ontario?

What is a Sole Proprietorship and How to Start One in Ontario?

Getting the right business structure is perhaps the most crucial decision for an entrepreneur to make when launching a business. Not only does it have a direct impact on your day-to-day business operations but also influence your exposure to liability, taxation, access to capital, and your long-term growth prospects. For most first-time entrepreneurs, particularly those

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The Importance of Independent Contractor Agreements

The Importance of Independent Contractor Agreements

At Pacific Legal, our seasoned corporate and employment lawyers bring a wealth of cross-industry experience to the drafting of independent contractor agreements in Ontario. We don’t rely on generic contract templates. Instead, we customize every contractor agreement to reflect your specific business needs, mitigate legal ambiguities, and ensure compliance with evolving Ontario law for independent

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How to Incorporate a Federal Corporation in Canada.   

How to Incorporate a Federal Corporation in Canada.   

In the modern Canadian economy, choosing the right legal structure is critical to long-term success. Among the most flexible and widely respected options is federal corporation registration. This form of incorporation, governed by the Canada Business Corporations Act (CBCA), allows businesses to operate across all provinces and territories in Canada under a single corporate identity.

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How to Write a Share Purchase Agreement in Ontario: A Complete Guide. 

How to Write a Share Purchase Agreement in Ontario: A Complete Guide. 

In Ontario’s fast-paced business world, corporate takeovers are becoming a more popular growth strategy among entrepreneurs and investors. One key legal tool in these processes is the Share Purchase Agreement (SPA), a legally enforceable document controlling the conditions of acquiring shares in a company. It provides that the acquirer receives ownership of the corporation, its

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