August 14, 2017A lot of us can think of that movie scene where two business persons, at the time deprived of a notepad or laptop, transcribed their deal on a square napkin and called it a contract. (Some of us might have even done so ourselves!) Happily, many of those situations involved parties in agreement over their intention to make a deal.
June 01, 2017The Supreme Court of Canada held that parties are not free to exclude general duties of contract law, so entire agreement clauses cannot exclude general duties related to unconscionability and honesty in contractual performance. See the instant case of Bhasin v. Hrynew [2014] 3 SCR 494, 2014 SCC 71 (CanLII).
May 26, 2017Except for few specific circumstances, it is almost considered ancient to have parties to a contract physically meet up to a sign a contract in a boardroom. With the fast-paced lifestyles of most high-level executives, a more efficient method of signing contracts has been introduced: 'the e-Signature'.
January 10, 2017You had a brilliant idea, set up your company, and now it’s finally time to make your dreams a reality and bring your product to life! When hiring a developer to help build your software or mobile application, it is important to take the time to agree on several points.
January 09, 2017There are numerous stories that can be found on the internet about people requesting to be reimbursed for coffee or a drink upon being turned down for a second date. While these are light-hearted examples of slightly eccentric dating behaviour, the stories are actually a real-world manifestation of a legal issue—namely, when is a contract valid and enforceable?
December 23, 2016Breakfast is the most important meal of the day, but you’ve probably never heard of your morning bowl of cereal 'serving up bigotry at your breakfast table'.
October 27, 2016Ensure that you have understood all the rules, regulations, statues, and law that apply to your business before entering into any contracts. Hire counsel if necessary.
October 27, 2016When entering into an agreement, ensure that your understanding of the agreement is in line with the understanding that a reasonable person would have.
October 26, 2016When drafting a limitation of liability clause, ensure that all persons who may be covered by the liability exemption clause are included and specify the degree of coverage.
October 26, 2016Generally, when a signor signs a contract, they are bound by it. However, courts have created exceptions to set aside a contract if they are unconscionable (when there is unequal bargaining power between the contracting parties).
July 11, 2016Going to court or going to war? For most people, the two words refer to the same thing when it comes to legal disputes. To avoid ‘going to war’, dispute resolution methods such as arbitration are becoming the weapon of choice.
September 30, 2013In this article, we describe four (4) simple steps to follow to make sure that your interests are protected when drafting a term sheet.