Including a buy-sell provision – commonly known as a “shotgun” clause – in a shareholder agreement is a significant decision. Shotgun clauses provide an efficient mechanism for resolving deadlocks among shareholders, helping to avoid disruptions to the business. These clauses have also been a source of litigation, most often in …
From Leaks to Legal Fees: How Basement Water Issues Can Drown You in Trouble
Water intrusion in a basement is a common issue that affects thousands of properties across Ontario. If not detected in a timely manner, it can cause significant property damage and lead to costly legal disputes. Specifically, during spring, properties experience an increase in occurrences of basement water infiltration. Therefore, it …
A Solid Start: Why a Marriage Contract Should Be on Your Wedding Checklist
There are often negative connotations associated with marriage contracts. Many people have the preconceived notion that parties who enter into a marriage contract will ultimately end up divorced. Marriage contracts are often associated with mistrust, greed, and lack of commitment. In reality, they are important tools that provide couples with …