In Canada, marijuana legalization has been happening in stages. Since recreational marijuana was legalized in 2018 with the Cannabis Act and Cannabis Regulations (which outlines, controls and regulates production, distribution, promotion and the sale of cannabis), there was a lot of anticipation for edibles in Canada to follow suit and become legalized. The Canadian government … Read more »
A commercial agreement is a legally binding agreement between the parties, which outlines what each party can or cannot do while in a contractual relationship. The agreement lays out and sets up the terms under which each party is to carry out agreed-upon tasks, activities or transactions. Business relationships often start out as a mutual … Read more »
A business contract is a legal agreement between two parties that protects you and the other party from unwanted misunderstandings. In the event a business dispute arises, you may be able to rely on the business contract in court. Each business contract will or should have certain terms and conditions, some standard and others very … Read more »
What is it? A Non Circumvention Agreement is a legal agreement between parties that want to prevent the misuse of confidential information that they have shared with each other. A common scenario involves a disclosing party (“Disclosing Party”) providing their confidential customer or supplier list to the receiving party (“Receiving Party”). This kind of agreement … Read more »
It is common sense that your initial business strategy as a startup will be vastly different than when your company is established and trying to grow further. As your company starts expanding, you may be looking towards bigger opportunities and partnerships to increase your reach or diversify your services. Transactions and business deals are an … Read more »
Many companies have a policy that all employees, even seasoned ones need to sign a non-compete agreement. The reason for this is that companies want to protect the resources and time they invested in employees. In other words, companies that ask their employees to sign a non-compete agreement, can be sure that their staff won’t … Read more »
Any business looking to expand or make a strategic move by taking over another complementary business, will have to look into how they will acquire the business. One way of doing so is through a business acquisition. In a business acquisition, an asset purchase is one method that one company can take over another, essentially … Read more »
A Supply and Distribution Agreement is a contract between a distributor of products and a supplier of products that are legally binding. A distribution agreement is generated when a distributor agrees to resell another party’s products (usually the supplier’s who can also be the manufacturer). In other words, suppliers will sell distributors their products to … Read more »
What is it? An amalgamation is a statutory procedure where two or more separate corporations (the “Amalgamating Corporations”), including holding or subsidiary corporations, combine and continue as one corporation (the “Amalgamated Corporation”). The Amalgamated Corporation will have all the assets and liabilities of the amalgamating corporations. Consequently, amalgamations are a heavily utilised tool in mergers … Read more »
Any business or individual taking part in a joint venture knows that such projects do not come without its share of risks. Though joint ventures can start out with the best of intentions and even with a joint venture agreement in place, not all issues can be avoided. Joint venture disputes can be complicated because … Read more »