Authors: Anoop Chahal, Marc Laatu Date: April 15, 2024 Introduction The letter of intent (“LOI”), also known as a term sheet or memorandum of understanding (“MOU”), can be an effective first step when buying or selling a business. The purpose of a LOI in a business transaction is to set out the proposed terms of the […]
CARREL+Partners LLP is excited to announce that Zach Warkentin has joined the firm as an associate lawyer following his call to the Bar of Ontario. Zach will be practicing in the areas of civil and corporate litigation. Zach is joining CARREL+Partners LLP for the first time, after completing his Juris Doctor at the Bora Laskin […]
CARREL+Partners LLP is excited to announce that Selena Filice has joined the firm as an associate lawyer following her call to the Bar of Ontario. Selena will be practicing in the area of Family law. Selena has worked with CARREL+Partners LLP since 2019; first joining the firm as a student, then returning to complete her […]
Author: Jasmine Salamon Date: March 5, 2024 All corporations in Ontario are required to create, maintain, and preserve a range of corporate documents known as “Corporate Records”. These records are typically stored in the corporation’s minute book, which acts as the official record of the corporation’s activities and history. Typically, the Corporate Records are kept […]
Author: Jasmine Salamon Date: March 23, 2023 Buying a house is a very exciting process and one that prospective Buyers should be prepared for. Whether it’s arranging your mortgage or submitting an offer to purchase, making a mistake when buying a house can lead to many future headaches. This is one of the reasons why […]
Author: Jasmine Salamon Date: February 15, 2023 For many, buying a house is the largest, and most important, investments they will make. Given its importance, and price tag, there are many considerations involved in the process of purchasing a house. This article is intended as a broad overview of the key legal steps in the […]
Authors: Jasmine Salamon, Marc Laatu Date: January 19, 2023 There are many stages in the purchase or sale of a business. Part of a new series on our website, this article provides an in-depth review of the due diligence process so that you can know what to expect and how we can help. For a more […]
Authors: Jasmine Salamon, Marc Laatu Date: December 19, 2022 There are many stages in the purchase or sale of a business. Part of a new series on our website, this article is intended to help first time buyers (or sellers) understand key concepts which will arise during the transaction, with the focus of this article […]
Author: Jasmine Salamon Date: November 14, 2022 Effective January 1, 2023, the Ontario Business Corporations Act (OBCA), will be amended to require that all Ontario private corporations create and maintain a registry of ‘individuals with significant control’ (ISC). In this article, we answer five frequently asked questions regarding the new Ontario ISC registry requirements so […]
Authors: Jasmine Salamon, Marc Laatu Date: October 18, 2022 The new City of Thunder Bay, By-Law No. 1/2022, Zoning By-Law (the “2022 Zoning By-Law”) was approved by City Council on April 11, 2022. Implementation of the 2022 Zoning By-Law was delayed due to several property-specific appeals of the Zoning By-Law to the Ontario Land Tribunal (OLT). On September 27, […]