Tag: contract

Purchasing

Warranties and Representations

The process of purchasing or selling a business is comparable to the process of making other significant purchases or sales in one’s lifetime. Sellers want to be transparent with possible purchasers about the business they are selling, and buyers want to have a complete understanding of the business they are buying. A QUESTION OF PURCHASE Due diligence and the acceptance…

8 Things to Include in an Employment Contract

Some employees are hired pursuant to a verbal contract of employment. For others, the terms of the contract are set out in a formal written agreement. Written or oral, the agreement between employer and employee is a contract. If some terms of the agreement are uncertain, then basic rights and obligations are implied at law. In addition, all employment agreements…

Key Considerations for a Joint Venture

Joint ventures (JV) are quite common when two or more parties want to start a new project or reach a particular goal. However, prior to entering such an agreement, it’s important that each venturer is protected. By outlining each partner’s expectations in the beginning, they’ll most likely avoid conflict down the road. The goal is to protect each individual’s business…

Non-Compete vs. Non-Disclosure Agreements

Courts are responsible for determining whether non-compete and non-disclosure agreements are enforceable. This is because employee mobility is high with employees seeking different opportunities and consequently, employers seeking security.  In terms of employment, non-compete and non-disclosure agreements are legal instruments that restrict the actions of an employee. These restrictive covenants essentially protect the well-being of a company. For example, former…

Force Majeure Clauses and the Energy Sector during COVID-19

The consequences of the COVID-19 pandemic have been wide reaching, especially for the energy sector. It has, and continues to, experience unforeseen challenges to its daily operations. For example, closures, employees quarantining or self-isolating, and disrupted supply chains. These difficulties have only been exacerbated by unprecedented declines in oil prices. As a result, it’s reasonable to assume that many oil…

How does COVID-19 Affect your Contractual Obligations?

Without a doubt, Canada is facing a significant slowdown due to the novel coronavirus or COVID-19. Businesses have shut down, international supply chains have been disrupted, international travel has slowed, and borders have closed. The pandemic has had, and will continue to have, unprecedented effects on the global economy. Ultimately, this will leave many individuals and businesses unable to follow…

5 Considerations When Creating Your Will

The “accumulation years”, the time you spend on working and acquiring assets for both your personal and financial future use. During this period, you pursue your interests and donate to charities, own businesses, invest in stocks, and purchase property. Regardless of the type of assets you possess, you will most likely want them protected and deliberately distributed amongst your beneficiaries…

Contractor Disputes

Vancouver’s real-estate market has been on the rise and contractors are in high demand.  From the maintenance of a real-estate investment to renovating or building a house; more people are generally inclined to enter into an agreement with a contractor or builder.  An agreement struck with a contractor for restoration, renovation or building services fall within the scope of contract…