How A Shareholders’ Agreement Can Benefit Your Business
While there is no legal requirement for shareholders to enter into a shareholder agreement, it can be used to ensure that each shareholder’s investment in the company will be dealt with in a fair manner and in accordance with the rules agreed on by the parties ahead of time. It is essentially an owner’s manual […]
The Closing Documents You’ll Need For An Asset Purchase
Typically a couple weeks prior to the end of a purchase or sale transaction of assets, the purchaser’s solicitor must send a requisition letter to the vendor’s solicitor. The purpose of this letter is to outline certain legal documents they require to protect their client from any future issues and to ensure the transpiration of […]
Beware Of These Commercial Lease Clauses
Many tenants, on the first time, sign a 50+ page lease that has a lot of fine print and confusing references and terms, without having a lawyer review or negotiate any of the terms, because the landlord convinced them it’s all just filler legal language. For some of the lucky ones, not many issues arise […]
Why Your Shareholders Agreement Needs To Be Unique
There is no “one size fits all” shareholders agreement which will apply to all situations. Each shareholder has their own needs and concerns, so every shareholders agreement needs to be a custom tailored. I have outlined below some of the common matters shareholders should consider before drafting a shareholders agreement. Directors – How many directors […]
Basics Of A Commercial Lease
What is a commercial lease? A commercial lease is: A contract between a landlord and a business tenant that gives a tenant the right to use the landlord’s property for a business/commercial activity for a period of time in exchange for money paid to the landlord. What makes a commercial property lease different from a […]