Personal Guarantees in Business Sales: What Every Seller Needs to Know
Selling your business doesn't always mean leaving its liabilities behind. If you've signed personal guarantees for leases, loans, or financing, you could remain personally responsible long after the sale closes unless you're formally released. Learn why personal guarantees matter, the risks they create, and the steps every business owner should take before finalizing a sale.
Navigating ESG Clauses in Commercial Contracts: What Alberta Businesses Should Know
ESG clauses are becoming standard in Alberta’s commercial contracts, affecting suppliers, tenants, lenders, and service providers. Understanding environmental, social, and governance obligations and how to negotiate them can protect your business, mitigate risks, and enhance credibility.
The Oppression Remedy and Reasonable Expectations
The oppression remedy protects shareholders from unfair or harmful corporate conduct, but not every complaint meets the legal standard. This article explains how Alberta courts define “reasonable expectations” and what evidence shareholders must provide to succeed. A recent Court of King’s Bench decision offers fresh guidance for anyone considering an oppression claim.