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What is a letter of intent and why is it important?

Whether you’re buying or selling a business, chances are that you want to spend the least amount of money possible on legal fees while ensuring that you have the most protection. As such, the first document to be cut out of most privately brokered deals is a letter of intent. The parties who are buying…
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Free Lunch and Learn: Learn About Shareholder Agreements

Are you or have you recently entered into business with a friend or family member? While the future of your business may seem crystal clear now, in a few months from now, or perhaps a few years from now, the direction of your business may change. Your business partners may get married, divorced, have children,…
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What are disbursements?

Disbursements are out of pocket expenses incurred by your lawyer or notary in order to complete your transaction. They appear in all areas of law but are particularly noteworthy in real estate transactions, where the disbursements can end up be greater than the legal fees. When you are quoted a fixed fee for your transaction,…
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First Time Home Buyers and Property Transfer Tax

Am I a first-time home buyer? First-time home buyers are individuals who, in general terms: 1. have not previously held a registered interest in a principal residence anywhere in the world at any time; 2. have never received a first-time home buyers’ exemption or refund; 3. have continuously lived in British Columbia for at least…
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