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Letter of Intent to Purchase Business Assets | 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.
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Promissory Note for Interest-Free Loan | Canada
Sometimes when you lend money, you may decide not to charge interest. But you still need to get a promise from the borrower to repay the loan. Get the borrower to sign this Demand Promissory Note for principal only.
- This form is only for use in Canada. It can be used in any province or territory except Québec.
- This type of Promissory Note is most commonly used when the loan is between two persons who have a close relationship, such as family members.
- Because no interest is being charged on the loan, the borrower is only required to pay back the principal amount of the loan.
- The Demand Promissory Note for an interest-free loan is a digital download in MS Word format.
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Ontario Purchase and Sale Agreement for Commercial Property
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.
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Employment Agreement | 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.
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Contractor Services Agreement
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.
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