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"Best efforts" - "reasonable efforts" - "commercially reasonable efforts" - what do these terms mean?
  • Dentons
  • Canada
  • June 7 2010

Agreements often refer to obligations being performed to a certain standard

The 'indoor management rule' explained
  • Dentons
  • Canada
  • April 1 2014

A person dealing with a corporation need not inquire about the formality of the internal proceedings of the corporation, but is entitled to assume that there has been compliance with the articles of association and bylaws

Think twice before using an LLC in Canada
  • Miller Thomson LLP
  • Canada
  • October 31 2013

A limited liability company (“LLC”) is a common type of business entity used in the United States of America (“US”). However, Americans planning to

In-camera board meetings what are they good for?
  • Borden Ladner Gervais LLP
  • Canada
  • June 29 2011

Most people involved in organizations know that board meetings should be held regularly in order to ensure proper governance and adequate communication opportunities within the organization

Le régime de la résiliation d’un contrat d’entreprise ou de service : avantageux?
  • Langlois Lawyers LLP
  • Canada
  • August 22 2016

Le contrat d’entreprise ou de service est celui par lequel un entrepreneur ou un prestataire de service accepte de réaliser un travail physique ou

Proposed replacement of eligible capital property rules by new depreciable property class
  • Gowling WLG
  • Canada
  • August 23 2016

Budget 2016 proposed rules to replace the existing eligible capital property (“ECP”) regime with a new class of depreciable capital property

Working capital as a purchase price adjustment tool
  • Stikeman Elliott LLP
  • Canada
  • July 17 2012

Working capital adjustments were originally designed to ensure that enough cash remains in an acquired business to allow it to operate in the ordinary course post-closing without requiring a capital infusion by the new parent or shareholder(s), or to compensate the purchaser or vendor in the event that there is too little or too much cash, respectively, in comparison with what is needed to support the business' ordinary course operations

Confidentiality and non-disclosure agreements
  • DLA Piper LLP
  • Canada
  • June 22 2012

Many inventors and businesses spend considerable time and resources developing new products or building customer bases

Acquiring contracts in the purchase of a business
  • Clark Wilson LLP
  • Canada
  • May 31 2013

When acquiring a business, often a key component is the contracts to which the company is a party to. Whether they are contracts with customers and

What does the duty of good faith REALLY mean?
  • McCarthy Tétrault LLP
  • Canada
  • August 9 2016

Since the Supreme Court decision in Bhasin v Hrynew, which firmly established a duty of good faith in contractual relations, the exact contours of