Corporate/Commercial law encompasses a broad spectrum of relationships.
Commercial law relates to business carried on for profit. Business may be conducted by corporations or by individuals, either alone or in partnership. Virtually all areas of law have an impact on business, but the most common areas are those relating to security agreements, contracts, employment, taxation, intellectual property, and licensing.
Partnership agreements are formal contracts by which participants in a business agree to manage their affairs, divide profits and bear losses, and add or withdraw participants. As an alternative, business corporations may form the vehicle through which business is conducted. The Articles of Incorporation and By-laws can be varied to address the needs of specific shareholders. Unanimous shareholder agreements are similar, in many respects, to partnership agreements within a corporate setting, generally to settle the manner in which the corporation will be run, often with clauses prohibiting some dealings in shares, and others providing for financing, board representation, indemnification, conduct of business, retirement and withdrawal with or without a “shotgun” clause or right of first refusal, audit, and general matters.
Corporations can be formed for various purposes under acts of Parliament or the Legislature. While the majority of corporations are created to carry on business for profit, some are formed to operate for charitable or non-profit purposes; others are intended to do no more than provide a structure within which the participants can conduct their affairs. A client’s present and future needs must be determined through focused consultation and a corporate structure must be built to suit those needs.
The Corporate/Commercial team at Conroy Scott LLP is available to satisfy all of your requirements for legal representation in this field. Our team is available to assist with the incorporation of companies, amalgamation and mergers of businesses, corporate reorganization, negotiation and drafting of buy-sell agreements, partnership agreements, shareholder agreements, franchise agreements, commercial leases, and most other types of contracts and agreements.
The firm’s commitment to provide full-service legal representation includes litigation support for commercial matter.
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