1

Buy/Sell

Acceleration Clause / 8
Agents’ Commissions / 5
Agreement in principle / 3
Allocation of Purchase Price (asset sale) / 11
Amalgamation / 4
Asset Purchase / 4
Agents’ Commissions / 5
Commissions / 5
Consents / 6
Lease / 6
Licence / 6
Permit / 6
Contents of Agmt / 10-15
Allocation of Purchase Price / 11
Assumption of Liabilities / 11, 14
Buyer Reps & Warranties / 11
Conditions Precedent to Closing / 14
Covenants of Buyer / 14
Assumption of liabilities / 14
Carry on business / 14
Consents / 14
Offer Employment / 14
Social Services Tax / 14
Survive closing / 14
Covenants of Seller / 13
Carry on Business / 13
Change of Name / 13
Conduct of Business / 13
Consents to Assignment / 13
Covenant of Indemnity / 13
Indemnity / 13
Termination of Employees / 13
Description of Assets / 10
Docs to be Delivered / 12
Environmental / 12
Exclusions / 11
Price / 11
Release of Seller / 11
Seller Reps & Warranties / 12
Authority / 12
Default of agmts / 12
Canadian residence / 12
Contributory Benefit Plan / 12
Conveyancing Costs / 5
Employee Considerations / 6
Cannot pick & choose / 6
Successorship / 6
Encumbrances, undisclosed / 5
Guarantee / 5
Holdback / 5
Set-off / 5
Goodwill / 6
Allocate price / 6
Interest / 8
Liabilities, undisclosed / 5
Guarantee / 5
Holdback / 5
Set-off / 5
Minority Interests / 6
All or substantially all / 6
Approval of S/H / 6
Special Resolution / 6
Partial Sale / 5
Choice of assets / 5
Security / 8
Taxes / 5
Undisclosed liabilities, encumbrances / 5
Guarantee / 5
Holdback / 5
Set-off / 5
Assumption of Liabilities (asset sale) / 11, 14
Authority to sell (asset sale) / 12
Basic Structure / 4
Asset purchase / 4
Agents’ Commissions / 5
Commissions / 5
Consents / 6
Lease / 6
Licence / 6
Permit / 6
Contents of Agmt / 10-15
Allocation of Purchase Price / 11
Assumption of Liabilities / 11, 14
Buyer Reps & Warranties / 11
Conditions Precedent to Closing / 14
Covenants of Buyer / 14
Assumption of liabilities / 14
Carry on business / 14
Consents / 14
Offer Employment / 14
Social Services Tax / 14
Survive closing / 14
Covenants of Seller / 13
Carry on Business / 13
Change of Name / 13
Conduct of Business / 13
Consents to Assignment / 13
Covenant of Indemnity / 13
Indemnity / 13
Termination of Employees / 13
Description of Assets / 10
Docs to be Delivered / 12
Environmental / 12
Exclusions / 11
Price / 11
Release of Seller / 11
Seller Reps & Warranties / 12
Authority / 12
Default of agmts / 12
Canadian residence / 12
Contributory Benefit Plan / 12
Conveyancing Costs / 5
Employee Considerations / 6
Cannot pick & choose / 6
Successorship / 6
Encumbrances, undisclosed / 5
Guarantee / 5
Holdback / 5
Set-off / 5
Goodwill / 6
Allocate price / 6
Interest / 8
Liabilities, undisclosed / 5
Guarantee / 5
Holdback / 5
Set-off / 5
Minority Interests / 6
All or substantially all / 6
Approval of S/H / 6
Special Resolution / 6
Partial Sale / 5
Choice of assets / 5
Security / 8
Taxes / 5
Undisclosed liabilities, encumbrances / 5
Guarantee / 5
Holdback / 5
Set-off / 5
Amalgamation / 4
Buyer / 6
Financing / 7
Borrowing from 3rd parties / 8
Equity / 9
Seller financing / 7
Acceleration Clause / 8
Covenants / 8
Default / 8
Interest / 7
Guarantees / 8
Payment Clause / 7
Large Value Transfer System / 7
Security / 8
Share Purchase / 4
Agents’ Commissions / 5
Commissions / 5
Consents / 6, 17
Control change / 6
Contents of Agmt / 15-17
Conditions / 17
Indemnity / 16
Parties / 15
Price / 15
Earn out / 15
Security / 15
Reps & Warranties / 16
Schedules / 15
Shares / 15
Survival or Reps, Warranties, Covenants / 16
Conveyancing Costs / 5
Employee Considerations / 6
Implied terms / 6
Inherits / 6
Encumbrances, undisclosed / 5
Goodwill / 6
Transfer subject to K / 6
Liabilities, undisclosed / 5
Minority Interests / 6
Buy out / 6
Dissenting S/H / 6
Partial Sale / 5
Spin off / 5
Security / 8
Taxes / 5
Undisclosed liabilities, encumbrances / 5
Subject Matter (assets, share, amalgamation) / 4
Best Efforts / 14
Borrowing from 3rd parties / 8
Buyer / 6
Buyer Reps & Warranties (asset sale) / 11
Canadian residence / 12
Carry on Business (asset sale) / 13, 14
Change of Name (asset sale) / 13
Closing / 4
Conditions Precedent to closing (asset sale) / 14
Survival of reps, warranties, covenants (asset sale) / 14
Procedures / 21
Commissions / 5
Conditions Precedent to Closing (asset sale) / 14
Conduct of Business (asset sale) / 13, 14
Consents / 6, 13, 14, 17
Contents of Agmt (asset sale) / 10-15
Contents of Agmt (share sale) / 15-17
Contributory Benefit Plan / 12
Conveyancing Costs / 5
Covenants of Buyer (asset sale) / 14
Covenant of Indemnity (asset sale) / 13
Covenants of Seller (asset sale) / 13
Covenants on financing / 8
Default of agmts (asset sale) / 12
Default on financing / 8
Description of Assets (asset sale) / 10
Docs to be Delivered (asset sale) / 12
Drafting agmt / 3

Drafting Considerations

/ 10
Defined Terms / 10
ID parties / 10
Purchased assets or shares / 10
Due diligence / 2
Earn out / 15
Employee Considerations / 6, 13, 14
Encumbrances, undisclosed / 5
Environmental (asset sale) / 12
Equity Financing / 9
Exclusions (asset sale) / 11
Family Relations Act / 20
Foreign Investments / 19
Goodwill / 6, 13
Guarantee re liabilities/encumbrances / 5
Guarantees re financing / 8
Holdback / 5
Indemnity (asset sale) / 13
Indemnity (share sale) / 16
Indian Act / 20
Interest on financing / 7
Investigation / 2

Investment Canada Act

/ 19
Large Value Transfer System / 7
Letter of intent / 3
Liabilities, undisclosed / 5
Minority Interests / 6
Name change (asset sale) / 13
Negotiation / 3
Non-competition agmt / 17
Option to purchase / 3
Partial Sale / 5
Parties (share sale) / 15
Payment Clause / 7
Post-closing / 4
Price (share sale) / 15
Release of Seller (asset sale) / 11
Reps & Warranties (share sale) / 16
Restraint of Trade / 18
Restrictive Covenants / 17
Application / 18
Concerns / 18
Area / 18
Scope / 18
Time / 18
Drafting / 18
Guiding Principles / 18
Not injurious to public / 18
Reasonableness / 18
Restraint of Trade doctrine / 18
Schedules (share sale) / 15

Searches

/ 9
Security re financing / 8, 15
Seller Release (asset sale) / 11
Seller Reps & Warranties (asset sale) / 12
Set-off / 5
Share Purchase / 4
Agents’ Commissions / 5
Commissions / 5
Consents / 6
Control change / 6
Contents of Agmt / 15-17
Conditions / 17
Indemnity / 16
Parties / 15
Price / 15
Earn out / 15
Security / 15
Reps & Warranties / 16
Schedules / 15
Shares / 15
Survival or Reps, Warranties, Covenants / 16
Conveyancing Costs / 5
Employee Considerations / 6
Implied terms / 6
Inherits / 6
Encumbrances, undisclosed / 5
Goodwill / 6
Transfer subject to K / 6
Liabilities, undisclosed / 5
Minority Interests / 6
Buy out / 6
Dissenting S/H / 6
Partial Sale / 5
Spin off / 5
Security / 8
Taxes / 5
Undisclosed liabilities, encumbrances / 5
Shares (share sale) / 15
Signing agmt / 3
Social Services Tax (asset sale) / 14
Spouse / 20
Stages of transaction / 2
Agreement in principle / 3
Closing / 4
Drafting agmt / 3
Due diligence / 2
Investigation / 2
Letter of intent / 3
Negotiation / 3
Option to purchase / 3
Post-closing / 4
Signing agmt / 3
Structure / 3
Structure / 3
Survive Closing (asset sale) / 14
Survival Closing (share sale) / 16
Taxes / 5
Termination of Employees / 6, 13