Business

We provide practical advice to a wide range of small and mid-sized businesses. We assist clients in setting up a business structure that will meet their needs in specific circumstances. We draft agreements to ensure that our clients' relationships with the other sides are clear and enforceable. We also ensure that our clients' important business assets are protected through appropriate legal devices.

 

Business Purchase and Sale

• Asset Purchase and Sale
• Share Purchase and Sale
• Forming of Business Entities
• Business Structuring

 

Secured Transactions

• Secured Transactions and Financing
• PPSA Registration
• Loan agreements

 

Preparation and Negotiation of Agreements

• Partnership and Shareholder Agreements
• Confidentiality Agreements
• Non-Compete and Non-Disclosure Agreements
• Distribution arrangements
• Employment agreements
• Licensing Agreements

 

Commercial Leasing

• drafting, review and negotiation of commercial leases for property owners and tenants
• comprehensive lease reviews for the acquisition and financing of commercial properties
• lease assignment
• lease renewal
• commercial condominium leasing

 

A franchise may be roughly defined as a special business model where the franchisor establishes the branding and the manner by which the franchised business is to operate and the franchisee becomes responsible for the operations of the business. In exchange for being permitted to own and operate the franchised business, the franchisee is required to follow certain rules and make certain payments pursuant to the franchise agreement.

Acquiring a franchise can be an attractive alternative to starting your own independent business. It gives you the independence to exercise your skills and abilities in the running of your own business, while reducing much of the risk involved. It must be stressed, however, that most of the benefits of acquiring a franchise will only be realized if you are dealing with a well-run franchise system. It is essential that you check out prospective franchisors thoroughly before making a decision.

Pursuant to the Arthur Wishart Act (Franchise Disclosure), 2000, all franchisors in the Province of Ontario must provide a disclosure document to a prospective franchisee 14 days before signing an agreement or receiving any payment to acquire the franchise. The basic intent of a disclosure document is to provide the candidate with sufficient information in order to make an informed decision whether or not to invest into the franchise. Failure to provide a disclosure statement could result in the franchisee terminating the agreement and obtaining a full refund of the monies invested.

We guide both franchisors and franchisees to take the right paths and precautions in the decision making process for the particular franchise they are planning to buy or set up.

• review and negotiation of franchise agreements, disclosure documents
• review of leasing conditions
• structure franchise programs and develop initial documentation
• preparation of disclosure documents

 

 

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