Author: Endlex

Letter of intent and financing conditions

As part of our discussion on letters of intent (hereinafter referred to as the “Letter” or “Letters“) in commercial transactions involving the sale of shares (see – https://endlex.ca/letter-of-intent-definition-and-purpose/ ), we will be taking a closer look at buyer financing conditions at the Letter stage.   Buyer financing will be discussed in depth in a series of […]
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Letter of intent and exclusivity clause

As part of our discussion of letters of intent (hereinafter referred to as the “Letter” or “Letters“) in commercial transactions involving the sale of shares (https://endlex.ca/letter-of-intent-definition-and-purpose/), we take a closer look at the exclusivity clause and its purpose. 1.Definition The exclusivity clause in a Letter states that the buyer benefits from exclusive negotiations with the […]
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Letter of Intent and Binding Nature

To expand on our last article on letters of intent (hereinafter referred to as the “Letter” or “Letters“) in the context of commercial transactions involving the sale of shares (https://endlex.ca/letter-of-intent-definition-and-purpose/ ), we will take a closer look at the binding nature of such Letters.   As mentioned in our previous article, the parties may indicate in […]
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What is a Minute Book?

“What is as minute book?” We get this question a lot. Many entrepreneurs incorporate and operate their business without having a clue as to what a minute book is. It is quite common for businesses to operate for years without the need to create a minute book. However, in this article, we will explain in […]
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What is a Stock Restriction Agreement?

A startup’s success is closely tied to its founders’ contribution, especially at early stage, and such contribution will have a significant impact on the valuation of the company. Consequently, it is essential for the growth and the success of the company that its founders remain involved in the company for a certain period of time. […]
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Legal Obligations of Digital Marketing

Now more than ever, digital marketing has become a very important tool for any business. A strong online presence can help your business generate a lot of revenue while strengthening your brand. Digital marketing usually involves constant interaction with actual or prospective clients, whether through content posting or other relevant means. Many businesses send automatic […]
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Legal obligations of E-Commerce

The Covid-19 pandemic has drastically changed Canada’s economic landscape. It had a very detrimental effect on certain industries. However, other sectors are witnessing significant growth during these troubling times. Such is the case for E-commerce. There has been a substantial increase in E-commerce sales due to containment measures and consumers’ reluctance to in-store purchases. Consequently, […]
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Penal clauses in commercial agreements

The parties to commercial agreements can agree on different mechanisms to ensure the compliance of the obligations set forth in such agreements. Penal clauses are one of the methods used to ensure compliance. The purpose of a penal clause is to ensure the fulfilment of a contractual obligation by assessing in advance the damages payable […]
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