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Toronto Business Contracts & Agreements Lawyer

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and the rest of Ontario

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Toronto Business Contracts & Agreements

Are you looking for a Lawyer for your business contracts & agreements in Ontario? Business contracts and agreements serve as the backbone of every successful enterprise. In the fast-paced and competitive business world, clear and comprehensive contracts are essential. Whether you are entering into partnerships, transactions, or agreements with clients, suppliers, or stakeholders, having a skilled Business Contracts & Agreements Lawyer by your side can make all the difference.

We are conveniently located in midtown Toronto, minutes from the Eglinton-Yonge station. Call us 647-300-8391 or click button above to book a FREE consultation.

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Contract Review & Drafting & Negotiation

Negotiating and drafting agreements is a crucial aspect of our profession and we know that operating a business inherently involves continuously creating and executing various types of contracts and other documentation. Clear and up-to-date contracts are essential for businesses as they define roles, rights, obligations, and limitations. Ambiguous or outdated terms can result in misunderstandings and legal conflicts.

Our services include drafting and preparing various types of agreements, as well as reviewing and modifying your existing contracts and contract negotiation. We can also review any contracts that you intend to sign and provide you with a clear understanding of their implications. Our business lawyer can assist you with identifying potential issues, ensuring clarity and compliance, drafting and reviewing agreements and negotiating terms while protecting your interests.

 

Toronto Business Contracts & Agreements Lawyer
Toronto Business Contracts & Agreements Lawyer
Toronto Contract Law Services
Toronto Contract Law Services

Contract Law Services Provided

Here are some of the agreements we deal with:

  • Contract drafting, review & negotiations
  • Commercial Leases
  • Franchise Agreements
  • Employment Contracts
  • Independent Contractor Agreements
  • Loan Agreements
  • Partnership Agreements
  • Non-Disclosure Agreements (NDAs)
  • Service Agreements
  • Sales Agreements
  • Shareholders Agreements
  • Indemnity Agreement
  • Supply Agreements
  • Asset Purchase and Sale Agreements
  • Share Purchase and Sale Agreements

If you need assistance from a Toronto Corporate Lawyer, contact us today and see how we can help you.

WHAT MAKES OUR FIRM DIFFERENT

Why Choose Insight Law Professional Corporation

Professional

We're dedicated to providing friendly and knowledgeable service to ensure a positive experience for all our clients and achieve the best possible results in every case.

Client Focused​

We prioritize client satisfaction and take a personalized approach. By attentively listening to our clients, we develop tailored solutions to meet their unique requirements.

Transparent

Our fixed prices and hourly rates are visible upfront. Most of our add-ons are fixed line items. Because honesty is the best policy, saving time on both sides.

Flexible

We understand that our clients may be busy and may not be available during normal working hours. We are happy to work with you to find a time that suits your needs.

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Business Law Frequently Asked Questions

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A corporation is a legal entity which has its own legal personality that is separate from its owners and people who operate its affairs and business. Corporations are formed of shareholders, directors, and officers. Corporations have the rights and privileges that a natural person enjoys such as entering binding contracts, owning property or borrowing money. Related Blog Post: What is the right structure for my business?

Shareholders are those who hold company shares. Voting rights in a corporation are attached to these shares. Shareholders have control over the corporation however they do not directly manage the corporation. They exercise their power of control by making major corporate decisions. Shareholders elect directors to run the company with their best interest in mind. A director’s role is focused on the day-to-day operation of the business such as signing business contracts.

If you already started searching for the answer to this question on the internet, you might have seen information on the 2-step process of incorporating and many online platforms that would incorporate your business for very low fees. However, most online companies or platforms usually help you with step 1 of incorporating your business. While the first step only includes Articles of Incorporation and their filing and issuance with the Ministry, step 2 is only done by lawyers. Without step 2, your business is not considered incorporated and risks dissolution. Contact us if you need more info and a Toronto Business Lawyer.

Having a contract in writing gives each party the opportunity to fully understand their rights and obligations under the contract. As a party to the contract, you can also identify any issues or ambiguities in the contract with assistance from a business lawyer. In most cases, it provides a mutual understanding and interpretation of the terms of a legally binding relationship.

For an agreement or contract to be legally binding, there are certain essential elements that must be present in all contracts. These are capacity, offer, acceptance, consideration, mutual agreement, and legality.

Even though it is not mandatory, it has many advantages in understanding your rights and obligations outlined in a legally binding contract. Many people use online sources to draft and generate business agreements without fully understanding the terms and conditions. Most of these contracts include generic clauses and boilerplate clauses that might risk your business massive liability if you are not familiar with the legalese. A Toronto Business Lawyer can help you fully understand your rights and obligations under a contract or draft one that suits your business needs.

There are two main ways of buying or selling a business: an asset purchase or a share purchase. The key difference between the two is what is being bought and sold. In an asset purchase, the buyer purchases specific assets or parts of the business, such as inventory, equipment, customer lists, and goodwill. In a share purchase, the buyer purchases the ownership interest in the business.

Before signing loan documentation, many major financial institutions and lenders will typically demand that you seek independent legal advice. The loan will typically necessitate several General Security Agreements (GSA), personal guarantees, and Personal Property and Security Act (PPSA) registrations against your personal or business assets.

Most small business loan lenders require a personal guarantee to be signed by the borrower. A personal guarantee is an undertaking by a borrower to repay a business loan using their personal assets if the business defaults. A personal guarantee is also required in certain commercial lease transactions by landlords, which means this could imply that the individual's personal assets could be taken over if the business fails to generate sufficient revenue to cover the lease payment.

Latest Business Law Articles

Shareholder Agreements
Business Law

Shareholder Agreements: Definition, How It Works & Benefits

April 21, 2024
A shareholder agreement, an essential instrument in the corporate governance toolkit, provides a framework for a corporation’s operations and management from the perspective of its ...
Read More →
Indemnity Agreement
Business Law

Indemnity Agreement: Definition, Importance & Process

April 21, 2024
An indemnity agreement is a legal document used primarily to safeguard one party against certain losses and liabilities arising from specific incidents. What is an ...
Read More →
Sales and Purchase Agreement
Business Law

Sales and Purchase Agreement: Definition & How It Works

April 21, 2024
A Sales and Purchase Agreement (SPA) is a legally binding contract that details the terms and conditions under which a transaction occurs, outlining the sale ...
Read More →
view all articles

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Insight Law Professional Corporation is a Law Firm situated in the heart of Midtown Toronto. We specialize in Real Estate Law, Business and Commercial Law, Wills & Estates, as well as offering Notary Public & Commissioner of Oaths services.

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