Asset Purchase Agreement | Canada

Negotiate the purchase of a Canadian business with this Letter of Intent to Purchase Assets of Business template for Canada.

• A letter of intent is not a legal contract, except for certain provisions such as confidentiality clauses which prohibit either party from disclosing any confidential information belonging to the othe rparty.
• The buyer is offering to purchase all of the assets and goodwill of the business from the seller.
• If the parties fail to execute a formal Purchase & Sale Agreement within a specified number of days, the letter of intent will expire.
• If the seller fails to go through with the transaction for no reason, the seller agrees to pay the buyer's costs and a specified amount as liquidated damages.
• This template LOI can be used in any Canadian province or territory.
• A signed letter of intent signals to other interested parties that you're already in negotiations to buy the business. Download the template and get it in writing now.

When lending money to a friend or family member in Canada, you may choose not to charge the borrower interest.

Even in these cases, it is important to secure a formal commitment from the borrower to repay the loaned amount. Obtaining a signed Demand Promissory Note for principal only ensures that the borrower is legally obliged to repay the principal.

When and Where to Use the Form

• This type of Promissory Note is most frequently used when the lender and borrower share a close relationship, such as family members.
• This Demand Promissory Note is intended for use within Canada. It is suitable for all provinces and territories except Québec, where a different French-language form may be needed.

Repayment Terms

Because the loan is interest-free, the borrower is required only to return the principal amount borrowed. No interest will accrue on the loan.

Format and Accessibility

The Demand Promissory Note is available as a digital download in MS Word format, making it convenient to use and customize.

Buy and sell commercial real estate property in Ontario with this Offer to Purchase and Agreement of Purchase and Sale for Commercial Property.

• The seller is responsible for all expenses and taxes on the property up to the closing date. The buyer is responsible for those costs from and including the closing date.
• The seller is entitled to all rental revenues up to the closing date. From and including the closing date, the buyer will receive all rents from the property.
• The seller will make available to the buyer all documents, authorizations, records, etc. to allow the buyer to perform its due diligence and complete its inspection and any environmental or structural audits required.
• The buyer agrees to assume the existing tenants and leases, but is not obligated to assume any contracts for supply of products or services to the property.
• The seller agrees not to enter into any new leases prior to closing, and will notify all utility and other services of the change of ownership.
• This legal form is available as a Microsoft Word file and is fully editable to fit your circumstances.
• Intended for use only in the Province of Ontario, Canada.

Canadian employers, write an Employment Agreement for a new employee with this easy-to-use template.

• The contract covers relevant points of the employment including:
  • Duties, responsibilities and job description of the position being filled by the employee;
  • Starting salary, and any other compensation being paid;
  • Benefits and expense accounts;
  • Assessment or probationary period to be completed by the employee;
  • Procedure for termination of the employee with cause.
• Available in MS Word format and fully editable to meet your specific needs.
• Intended to be used only within Canada.

Retain an independent contractor for specific projects with this Contractor Services Agreement.

• Compensation. The contractor will be paid an hourly rate and will be reimbursed for pre-approved expenses.
• Contract Not Exclusive. The agreement is not an exclusive contract and the contractor is not required to devote all of his/her time and efforts to the company's projects.
• Confidentiality. The document includes a confidentiality agreement  and a non-competition covenant.
• Scope of Law. This is a generic legal form which does not specifically reference the laws of any country or jurisdiction.
• How to Get a Copy. You can download the Contractor Services Agreement in MS Word format immediately after you purchase it.