Many companies have a policy that all employees, even seasoned ones need to sign non-compete agreements. 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 non-compete agreements, can be sure that their staff won’t be able … 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 Amalgamation? 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 »
When your company is merging with another company, or you want to acquire assets from another company or vice versa, or you want to arrange a joint venture, you should not forget the risks of sharing your confidential information and intellectual property with other parties. To protect your confidential documents, ideas and data during the … Read more »
The shares of public companies can be the subject of thousands of stock transactions per day. For shareholders of public companies, the roles of a company’s management group (“Management”), the board of directors (the “Board”) and the shareholders are pretty clear. In general, Management is responsible for the day-to-day operations, the Board is responsible for … Read more »
Sometimes, when two parties are working together, a dispute or conflict in understand occurs. How to resolve a contract dispute in Ontario? The first step is to check what does the contract say about resolving disputes. If the contract is silent or unclear, you should consult a contract lawyer and get professional help. Contract issues … Read more »
A joint venture is a specific type of business model where two or more like-minded parties pool their resources, expertise and finances to collaborate and work together on a specific venture towards a certain goal. Joint ventures are advantageous, but they are not without their complexities. Because two or more parties are involved that may not … Read more »
Running a business can be tough and unpredictable, even if you have years of experience. In certain cases, you may want to consider restructuring your company. With a new structure your business may stand a chance for recapitalization or taking advantage of a potential opportunity. This is a list of different types of corporate restructurings. … Read more »