The question of “When is a Deposit a Deposit?” is one of the two most significant ramifications of the risk of transactions collapsing. The second question is whether or not a seller may sue for damage. The two alternatives are not mutually exclusive, and the second option for home sellers is covered in this article. What property sellers may do…
The business attorneys at Sodagar & Company Law Corporation can effectively help you through a corporate restructuring. Estate Freeze Do you intend to sell your company in the near future? Or do you intend to transmit your business to your children in the coming years? If so, you should assess whether a freeze on your estate is a smart plan.…
Due to the interdependence of the modern world, it is fairly common for citizens of British Columbia to possess assets in many jurisdictions. When a BC resident dies with overseas assets and requests for an estate grant, two problems arise: Should foreign assets be revealed when applying for a British Columbia estate grant? As part of the application for a…
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…
Having a knowledgeable business lawyer on your side is crucial to the success of any business purchase or sale. It is critical to make sure you are getting the agreed-upon services by conducting a thorough audit and investigation of the business. This is sometimes referred to as “due diligence” and is performed to establish that the vendor has supplied proper…
In today’s information and technology age, trademarks are becoming increasingly valuable business assets. Trademarks help you succeed in the business world. How do they do this? They help people notice and differentiate your products and services from those of your competitors. Oftentimes, the trademark registration process can be confusing and difficult to maneuver around. Below, you’ll find a brief overview…
Many rules and guidelines that have emerged throughout the years that concern renting have almost become common knowledge. However, what many fail to realize is that many of these “renting rules” or practices are neither enforceable nor legal. These common myths regarding renting in British Columbia will be debunked in hopes of alleviating some challenges that tenants face today. For…
Being a tenant is often stressful when it comes to the nitty gritty rules and regulations. In many cases, your rights as a tenant may not be properly addressed or is disregarded completely. It is important that you are aware of any changes that may arise that could affect your tenancy agreement. These include rent increases, repairs and maintenance, and…
The passing of Bill C-45, the Cannabis Act, has permitted: Public possession of no more than 30 grams of dried cannabis or its equivalent for recreational use. Consumption and use of cannabis in authorized locations. Cultivation of up to 4 cannabis plants per residence. Provinces and territories are allowed to establish further rules and regulations pertaining to retail and distribution,…
Do you know what the difference is between the B.C. Speculation Tax and the City of Vancouver Empty Homes Tax? With the recent introduction of the B.C. Speculation Tax soon after the City of Vancouver Empty Homes Tax, many are left wondering: what’s the difference? It’s not uncommon to be misinformed or left confused about the nature of each type…