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Negotiable Instruments – A Hybrid of Contract and Cash

For businesses to operate efficiently, money needs to be able to change hands easily, like cash. However, businesses also need to be sure that they will have a legal claim to be repaid the money if th...

Promissory Notes – What Are They and How Do They Work?

Sam owns a hardware store, and needs to buy 100 barbeque grills from Janet for a total of $40,000. He can’t afford the payment upfront although he can pay in eight instalments of $5,000 per month pl...

Blog Bite: Can A Promissory Note Holding Mortgagee Commence Foreclosure Action?

This article posted on our partner site Mondaq.com discusses the Wisconsin case RMS Residential Properties, LLC v Anna M. Miller in which the court decided that possession of a promissory note rai...

Blog Bite: Can mortgages be assigned in the same way as promissory notes?

This article posted on our partner site Mondaq.com deals with foreclosure actions in Maine and the apparent limitation of the ability of MERS (Mortgage Electronic Research System) to assign more t...

Blog Bite: When is the interest rate so high that it is usury in New York State?

This article posted on our partner site Mondaq.com discusses the trap of violating New York States criminal usury laws. Drafters of promissory notes and loans should be aware of possible usury law...

Blog Bite: What are the common features of convertible notes?

This article posted on our partner site Mondaq.com discusses the common features of convertible promissory notes, including discounts and caps.  ...

Blog Bite: Using promissory notes to purchase or sell a business.

This article posted on our partner site Mondaq.com discusses how promissory notes can be used in the purchase or selling of a business. They are a way to make payment for the transaction over a pe...

Blog Bite: Does the Ontario Securities Act apply to promissory notes?

This article posted on our partner site Mondaq.com discusses an Ontario court decision that promissory notes are securities under the Ontario Securities Act, unless they are more akin to the types...

Blog Bite: Can a bankruptcy court re-characterize a promissory note debt as equity in the US?

This article posted on our partner site Mondaq.com discusses a US bankruptcy court decision which determine that promissory notes can be re characterized as equity. The article sets out 13 factors...

Blog Bite: Does a promissory note with interest rate and maturity date information provide valid notice for a mortgage which references it?

This article posted on our partner site Mondaq.com discusses an Illinois court decision which determined that providing the interest rate and maturity date of a mortgage by reference to a promisso...

Blog Bite: Will higher post-default interest rates on promissory notes be enforced in the US?

This article posted on our partner site Mondaq.com discusses a court decision from the 9th circuit (U.S.) dealing with the question of whether the stated higher rate of post-default interest would...

Blog Bites: Are e-signatures acceptable on promissory notes?

This article posted on our partner site Mondaq.com deals with the use of e-signatures used in documents. Specific documents still require written signatures such as promissory notes, which are gov...

Blog Bite: What are the risks of using promissory notes?

This article posted on our partner site Mondaq.com deals with the potential dangers of accepting offers of promissory notes that expire within a certain (short term) period. The article warns agai...

Blog Bite: When is a promissory note classified as a security?

This article posted on our partner site Mondaq.com deals with the classification of promissory notes as securities in Ontario law. The court considered the U.S. Supreme Court test of "family resem...

Blog Bite: Are promissory notes considered securities?

This article posted on our partner site Mondaq.com discusses an Ontario Court of Justice decision which dealt with the definition and interpretation of "security" under the Securities Act, R.S.O. ...

Blog Bite: Can a lost promissory note be enforced?

This article posted on our partner site Mondaq.com discusses an Alabama Supreme Court decision that held that the assignee of a lost promissory note was entitled to rely on a lost note affidavit t...

Blog Bite: Can a third party demand payment on your promissory note?

This article posted on our partner site Mondaq.com deals with the risk in promissory notes. To manage the risk of a demand for payment by a third party on your financial promise, seek legal advice...

Pick of the Litter: Lasers Could Make Computers 1 Million Times Faster

The 'Hound is sniffing out cool innovations for you. Journey This past week, I as well as a group of respected colleagues, were confronted with the dilemma to choose between the followin...

Electronics Hamilton Meetup

Our partner organization CoMotion is proud to host the Electronics Hamilton meetup! This will feature the story of how Zak Homuth founded Upverter and its growth until acquisition by ...

“Mayors will Rule the World”

Rajah Lehal, Founder and CEO of Clausehound has an organizational role in activating the BMW Foundation Responsible Leaders Networks in North America. BMW Foundation is a supporter of...

Choosing Happiness is Easier Than You Think

Our partner organization ImpactHub Ottawa posted an article on finding happiness. One of the many important points it brings up is that we've been taught that success brings happiness...

Getting Entrepreneurs Out of the Coffee Shop

Our partner organization My ByWard Office recently published an article on the rise of entrepreneurs setting up shop in cafes. Although the free wifi, outlet and buzz of energy of a c...

Who would win? MLK versus Henry Ford

This past week, I as well as a group of respected colleagues, were confronted with the dilemma to choose between the following quotes to decide which of the two is more inspiring to me: “I have a d...

Pick of the Litter: Google Releases Emoji Scavenger Hunt

The 'Hound is sniffing out cool innovations for you. Journey Every time I prep a sales session for a group of entrepreneurs, I seriously contemplate turning my 90-minute session into a 90-second sess...

Generation Z Hamilton Networking Event – May

Our partner organization CoMotion is proud to host the Generation Z Hamilton Networking event. Young entrepreneurs will have an execellent chance to connect and expand their network at an event that ...
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