Letter of Intent to Purchase Assets and Shares but Not Debt

Protect your confidential and proprietary information with this Mutual Nondisclosure Agreement for Canada.

• The Agreement is between two parties who are exchanging confidential information as part of a business transaction or relationship.
• Each party agrees not to disclose any information disclosed by the other party, and to use such information only for the business purpose.
• Each party will use best efforts to prevent inadvertent disclosure by any of its employees or other persons having access to the information.
• No license or other rights are granted to the receiving party through disclosure of the information.
• All confidential information remains the property of the party disclosing same.
• This Mutual Nondisclosure Agreement is a Canadian legal form that contains specific references to the laws and regulations of Canada.

Have you decided to buy an established business in Ontario? You can write up your offer to purchase the assets and shares of the company with this downloadable template.

• The offer is for the assets (excluding cash on hand and receivables) and the shares, but not the debt obligations of the company.
• Upon being accepted, the offer automatically becomes a legally binding purchase and sale agreement.
• The buyer will not assume any of the business liabilities except for the premises lease, maintenance contracts and salaries of employees that will be kept on after the closing.
• The parties agree to review and make any adjustments to the purchase price six months after closing.
• It is the seller's responsibility to terminate employees, prepare financial statements, file the final income tax return and pay corporate taxes as of the closing date.
• This is a downloadable fully editable template in MS Word format.
• Intended for use in the Province of Ontario, Canada.

Whether you're selling or buying a business, you can protect yourself against claims by the other party in the transaction with this Mutual Release for Asset Purchase and Sale.

• The Release must be signed by both the purchaser and the seller.
• Each party releases the other party from claims or demands with respect to the transaction.
• This is a generic legal form which can be used anywhere.
• In today's world, it's always better to be safe than sorry. Buy and download the Mutual Release for Asset Purchase and Sale before you sign on the dotted line.

This in-depth article describes a variety of offshore structures available to residents of Canada, for the purpose of asset protection. In particular, opportunities in the Bahamas are discussed.

The article provides a variety of information, including:

• a summary of how each structure is established,
• the purposes, advantages and disadvantages of each type of structure,
• international business corporations,
• settlement trusts,
• international foundations,
• universal life insurance,
• international deferred compensation programs,
• income stabilization plans,
• individual and corporate funding methods.

Establishing an Offshore Structure for Canadians is intended for residents of Canada, and is provided in Adobe PDF format.

Need a letter of intent but don't know how to create one? Use this easy Letter of Intent template for Canada.

• A letter of intent clarifies the points of discussion between the parties prior to preparing a formal agreement, and indicates to lenders, customers, contractors and suppliers that the parties intend to complete the transaction.
• The LOI is not legally binding for the most part, except for certain provisions such as confidentiality.
• Both parties agree not to discuss with, or consider offers from, any other party the matters being negotiated between them so long as the letter of intent is in effect.
• Each party agrees to pay a break-up fee as a penalty if the negotiations are terminated for any cause other than a breach of the LOI.
• The template can be used anywhere in Canada.
• Available in MS Word format and fully customizable.