Why Your Asset Purchase Agreement Should Be Well-Drafted – Part II
This is the second blog addressing the decision of the Ontario Superior Court of Justice in Jonathan’s – Aluminum & Steel Supply Inc. v. Retail Alloy Metal & Plastic Plus Ltd. (Oct. 20, 2015), 259 A.C.W.S. (3d) 471, a case that highlights the importance of a well-drafted asset purchase agreement. The Facts Jonathan’s – Aluminum […]
Why Your Asset Purchase Agreement Should Be Well-Drafted
I am often reminded of the importance of having a well-drafted asset purchase agreement. A few years ago, the decision of the Ontario Superior Court of Justice in Jonathan’s – Aluminum & Steel Supply Inc. v. Retail Alloy Metal & Plastic Plus Ltd. (Oct. 20, 2015), 259 A.C.W.S. (3d) 471, highlighted why it is so […]
Must a Commercial Lease be in Writing?
While oral agreements, whereby the parties agree to benefit each other in some manner, are generally valid, there are circumstances where a written agreement must be in writing to be enforceable, and these include most, but not all, commercial leases. Statute of Frauds In Ontario, the Statute of Frauds, R.S.O. 1990, c. S.19, requires that any […]