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Mutual Nondisclosure Agreement | Canada
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.
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Ontario Purchase Agreement for Assets of Operating Company
Acquire the assets of an Ontario corporation with this Purchase Agreement for Assets of Operating Company.
- The seller (vendor) sells the assets of a company to the purchaser and the purchaser assumes the company's liabilities as part of the purchase price.
- The balance of the purchase price will be secured by a promissory note.
- The parties agree to file joint elections under sections 22 and 97(2) of the Income Tax Act (Canada) and as required under the Ontario Corporations Tax Act.
- The form includes a Section 116 Affidavit to be sworn by a corporate officer of the vendor, if applicable.
- The form also includes a Promissory Note.
- This is a fully editable legal template intended for use only in the Province of Ontario, Canada.
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Ontario Share Purchase Agreement and Assignment of Shareholder Loans
Sell the shares of an Ontario corporation and transfer any existing shareholder loans with this Share Purchase and Assignment Agreement.
- The seller sells its shares and assigns the balance of shareholder loans still outstanding over to the buyer, who is taking over the business of the company.
- The purchase price will be allocated between the shares and the shareholder loans, at fair market value.
- The buyer is at liberty to contact customers, suppliers and employees to notify them of the change of control. The seller will operate the business until closing.
- The parties will each file any required tax elections with respect to the transaction.
- This template is available as a downloadable and fully customizable MS Word document.
- Intended for use only in the Province of Ontario, Canada.
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Asset Purchase Agreement | Canada
Purchase the assets of a Canadian business with this comprehensive Asset Purchase Agreement.
- The business is sold as a going concern, including assets, inventory and goodwill.
- The amount of the purchase price allocated to inventory will be adjusted prior to closing based on the actual physical inventory at that time.
- The transaction is conditional in part upon the parties completing all of their covenants that must be performed prior to closing.
- Schedules include Definitions, Representations and Warranties of Seller, and a Non-Competition Agreement are included in this package.
- The Asset Purchase Agreement package is available in MS Word format and is fully editable to fit your specific needs.
- Intended for use only in Canada.
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Letter of Intent to Purchase Assets and Shares but Not Debt
Write a letter of intent to purchase the assets and shares of a business, but not its debt, with this downloadable and customizable template.
- The LOI is only legally binding insofar as it relates to the negotiations being conducted between the parties with respect to the purchase.
- The buyer will not assume the liabilities or obligations of the business.
- All pre-closing debts are to be paid by the seller.
- The seller will be responsible for preparing and filing the closing income tax return and for terminating all employees.
- The buyer will make employment offers to the employees after the closing.
The Letter of Intent to Purchase Assets and Shares but Not Debt can be easily tailored to fit your particular circumstances. Why pay expensive legal fees when you can do it yourself with this easy template?
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