Financial

Learn the Top 10 Tips to a Winning Exit Strategy with this 8-page article written by an expert business lawyer.

• The aim of the article is to help small business owner-managers prepare a succession plan to ensure that their businesses continue to thrive after their departure.
• These top 10 tips can help you put together a successful exit strategy that not only addresses your personal needs, but is also in the best interests of the business.
• The author is an Ontario lawyer whose main focus is small businesses.
• Available as a PDF download.

Set up new customer credit accounts with this Trade Credit Application form for businesses in Australia.

• Applicants must provide trade references and bank references.
• The form includes a statement by the applicant under Section 18 of the Privacy Act 1988 regarding the provision, access and exchange of credit information.
• The application also includes the required notice to applicant for credit under Section 18E(1) regarding disclosure of credit information to a reporting agency.
• Available in MS Word format.
• Intended for use only within Australia.

Appoint a trust company as transfer agent and registrar of securities in connection with a preliminary prospectus under this template agreement for Canadian issuers.

• The transfer agent is also appointed as dividend disbursement agent, to distribute dividends to the shareholders.
• The transfer agent will record all new share issuances and sales and transfers of shares, will issue all certificates, and keep up-to-date shareholder registers.
• The issuer indemnifies the transfer agent against all claims and losses arising in connection with its performance under the agreement except for instances of negligence, misconduct or bad faith.
• This legal contract template is available as a fully editable MS Word template.
• Intended for use only in Canada.

Appoint a trustee to hold title to syndicated mortgage interests on behalf of the co-owners with this fully editable template for Canadian land deals.

• The trustee holds title to the land in trust in accordance with both the Trust Agreement and a Co-Owners Agreement among the co-owners and the issuing corporation.
• The co-owners, when not in default under the agreement, are entitled to full rights of ownership of the land, including possession and right of use.
• The trustee will not be required to expend its own funds or incur any financial liability.
• The Trustee has the power to commence any actions or proceedings it considers necessary to protect the rights of the Co-Owners and their respective interests in the land.
• This legal form template is available as a downloadable and fully editable MS Word document.
• Governed by Canadian laws and intended for use only in Canada.

Prepare a Trust Deed and Mortgage for a syndicated land investment in Canada with this downloadable template.

• This Deed creates a number of mortgages which will be registered against title to lands on which a condominium project will be developed.
• The mortgages form the basis of a syndicated (fractional) investment offering.
• Investors can purchase an interest in the mortgages and will be paid a guaranteed rate of interest on their investment.
• The Trust Deed appoints a trustee who will hold title to the lands on behalf of all of the investors (mortgagees).
• The mortgages are all first mortgages and all rank equally with one another.
• The mortgagor can pay out the mortgage at any time, but must pay a bonus to the investors equal to 12 months' interest on the mortgage balance.
• This legal form template is available in MS Word format and is fully editable.
• Governed by Canadian laws and intended for use only in Canada.

Prepare a Trust Indenture to issue debentures to lenders or investors with this fully editable template.

• The parties to the Trust Indenture are the corporation and a trustee appointed to act on behalf of the debenture holders.
• The debentures are series registered bonds to be secured by certain assets and property of the corporation, including promissory notes obtained by the corporation.
• All bonds issued are equally secured, rank pari passu and rateably without discrimination or preference.
• Interest accruing on the bonds accrues monthly and will be paid monthly in arrears.
• The deed provides for the issuance of supplemental indentures.
• The template also includes a sample debenture certificate.
• This legal form template is fully editable to fit your circumstances.

Learn about the various trust structures available to Canadians, and their tax benefits to the individual or business.

• This guide contains information on:
  • family trusts (bearer, inter vivo or "living" trusts and testamentary),
  • real estate investment trusts (REITs),
  • royalty trusts,
  • income trusts.
• The guide contains information relevant to Canadian residents and is available in Adobe PDF format.

Transfer a debt obligation from one debtor to another with this Agreement to Assume Debt form for the UK.

• The new debtor agrees to assume the debt from the current debtor and to pay the debt to the creditor on the terms set out in the contract.
• If the new debtor defaults in payment, the creditor will have full rights to bring action jointly and severally against both debtors for payment of the outstanding balance.
• The form is governed by English law and can be used throughout the United Kingdom.

An Agreement to Assume Debt is often used when a business is being sold or taken over. Buy and download the form, customise it to suit your needs.

If a customer owes you money and you are willing to accept payment of a lesser sum in order to settle the debt, you can sign this Agreement to Compromise Debt with the customer.

• The creditor agrees to accept the lesser sum from the debtor as payment in full.
• The agreement is conditioned upon the provision that the sum must be paid within a specified time period.
• If the customer fails to do so, the creditor will have the right to sue the debtor for the full amount of the debt.
• The agreement is governed by English law and can be used throughout the United Kingdom.

If your business extends credit to customers, you should have a copy of the UK Agreement to Compromise Debt. Download yours now.

UK residents can sell personal goods (appliances, furniture, electronics, any goods EXCEPT vehicles) with this Agreement to Sell Personal Property.

• Once signed, the Agreement becomes a Bill of Sale.
• The buyer pays a deposit at the time of signing, and the balance of the purchase price at the time of pickup.
• The seller warrants to the buyer that the personal property being sold does not have any liens, encumbrances, charges, security agreements, or other claims against it.
• The seller gives no warranty of the working order of the items sold.
• This form of Bill of Sale CANNOT be used to sell a vehicle.
• The Agreement is governed by English law and can be used throughout the United Kingdom.

You can personalize your copy of the UK Agreement to Sell Personal Property to fit your exact needs.