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business law Tag

Kelly + Singh Lawyers LLP > Posts tagged "business law"

Under Construction: Major Reforms Coming To Construction Lien Act

Under Construction: Major Reforms To Construction Lien Act

The Ontario government has tabled Bill 142, which if passed will result in fundamental changes to the Construction Lien Act (the Act) and will have a significant impact on payment and dispute resolution practices within the construction industry. The most significant of the proposed amendments to the Act is the introduction of a mandatory prompt payment regime. Prompt payment regimes have been in place for decades in some other jurisdictions including the U.K., and there have long since been calls for Canada and Ontario to adopt a similar model. The impetus in adopting a prompt payment regime within this unique sector is to...

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What You Need To Know About the New Duty of Good Faith In Contracts

contracts

Contractual relationships often lead to lawsuits when parties to the contract disagree over their contractual obligations and rights.  Traditionally, courts have held parties to the strict written terms of their contract, even in cases where the terms seemed unfair.  In 2014, the Supreme Court of Canada released a ground-breaking decision that imposed a mutual obligation of good faith and honest performance on the parties to a contract.  This case has broad implications for businesses as they negotiate contracts with consumers, suppliers, and vendors, as lawsuits involving contract disputes will now be viewed by the courts in this context. Here’s what...

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