Key Takeaways Fractional general counsel gives you senior legal leadership at a much lower cost than hiring a full-time in-house GC. You typically pay $1,500 to $5,000 per month, instead of $200,000 or more each year. Traditional law firms often step in only after problems arise. A fractional GC looks for legal risks ahead and […]
Why Ontario’s Smartest Founders Are Hiring Fractional General Counsel Read More »
If you run a business in Ontario or anywhere else in Canada, chances are you have dealt with a client who simply will not pay. Maybe the invoice is thirty days overdue. Maybe it is ninety. Maybe the client has stopped replying to emails altogether. This situation is one of the most common headaches for
How Demand Letters help Canadian Businesses Recover Unpaid Invoices Read More »
Key Takeaways Getting ready for investors starts well before you receive a term sheet. Founders ought to address legal gaps early, before investors discover them. The most common issues that stop deals are missing IP assignments, incomplete board minutes, and cap tables that do not match up. Founders must ensure all founder agreements, shareholder agreements,
Investor-Ready in 60 Days: An Ontario Founder’s Legal Checklist Read More »
Key Takeaways A confidentiality agreement is a legally binding contract that protects trade secrets, customer data, and proprietary business information from unauthorized disclosure. In Ontario, confidentiality agreements and NDAs are functionally interchangeable, but the key distinction lies in whether protection is one-way or mutual. Essential features of an enforceable agreement include a precise definition of
Protecting Your Business: The Executive’s Guide to Confidentiality Agreements in Ontario Read More »
When you hire a contractor to redesign your website, bring in a consultant to streamline your operations, or engage a marketing firm to run your campaigns, you are sharing something incredibly valuable: your business information. You share your customer lists, your pricing strategy, your internal processes, your plans for growth, and sometimes even information that
Confidentiality Clause in Service Agreement Read More »
You’ve built your business from the ground up in this location. The foot traffic is perfect, your customers know where to find you, and moving would be a nightmare. Then you open your commercial lease and realize – your renewal clause is buried in fine print, full of phrases like ‘market rent to be mutually
How To Negotiate Fair Renewal Terms In An Ontario Commercial Lease Read More »
You built your business from the ground up. Long hours, tough decisions, and years of hard work. And now, someone is knocking on your door with a cheque in hand. Maybe it was an unexpected phone call from a competitor. Maybe a private equity firm reached out through LinkedIn. Maybe your business broker found someone
Received An Offer To Buy Your Business? What Happens Next Read More »
Key Takeaways Business succession planning is essential. More than 90% of small businesses in Ontario lack a formal plan, putting them at risk of quietly closing. To avoid expensive disputes, Ontario businesses need a clear shareholder agreement that spells out buy-sell and valuation terms. The oppression remedy in the Ontario Business Corporations Act provides strong
Shareholder Exit Options in Ontario: Managing Buyouts, Disputes & Succession Read More »
The Rise of Immigrant Entrepreneurship in Ontario Ontario has quietly become one of the most exciting places in the world for immigrant entrepreneurs. Walk into any innovation hub in the Greater Toronto Area, stroll through the markets of Mississauga, or browse the emerging tech corridors of Waterloo – and you will find business owners who
Business Registration And Incorporation In Ontario For Immigrant Entrepreneurs Read More »
Shareholder disputes can stop a business in its tracks and hurt its value. Including an arbitration clause in your shareholder agreement gives you a private, quick, and binding way to resolve conflicts instead of going to court. Ontario courts usually enforce these clauses, as shown in Haas v. Gunasekaram and Spasiv v. Quality Green Inc.,
Running a business takes courage, and so does knowing when it’s time to close one. Whether your company has run its course, you’re retiring, or the numbers just aren’t adding up anymore, dissolving a corporation in Ontario is a process that must be done properly or it can come back to haunt you. This
How to Dissolve a Corporation in Ontario Read More »
In Ontario, a time of the essence contract means every deadline may become a deal-breaker. Courts have shown that even being late by 35 or 9 minutes can lead to termination. But this clause does not cover open-ended obligations, such as reasonable efforts or acting as soon as possible. This can cause problems when drafting
Time of the Essence Clauses in Ontario: A Practical Guide for Business Owners Read More »
