Louis Frapporti
Partner
Article
3
Successfully contracting and selling goods in Canada requires a blend of careful planning, due diligence, and strong legal documentation. Whether you're entering a new market or managing ongoing relationships, these best practices will help minimize risks and maximize the chances of success.
Before entering into a contract with a Canadian buyer, take steps to verify and protect your business interests:
A well-written contract promotes clarity and certainty, ensuring all parties and future personnel understand the agreed terms. It expresses the entire agreement, superseding prior understandings, and reduces the likelihood of disputes while increasing the chances of resolving any that arise. Here are some best practices to follow when creating a contract.
While contracts for the sale of goods in Canada can be oral, written, or implied, a written agreement with clear and specific terms is always the best practice.
Successfully contracting and selling goods in Canada requires attention to key business and legal aspects to reduce risks and ensure success. Here are two critical areas to focus on:
Protecting your business requires a clear understanding of liability and warranty obligations:
Tip: Clearly outline warranty obligations in contracts to avoid reliance on implied warranties and prevent unexpected liabilities.
Ensuring payment is collected is critical to completing a sale and maintaining strong cash flow. To minimize risks:
Tip: Persistence and clear documentation are crucial for successful debt recovery.
Litigation is a formal legal process used to resolve disputes, including debt collection. A civil claim seeks to remedy an injury, loss, or damage caused by an act or omission. You generally have two years to start legal action for unpaid debts in Ontario.
The court that handles a claim depends on the monetary amount involved:
Before pursuing litigation, it is essential to send a demand letter and investigate the merits of the claim, including whether the debtor has a valid counterclaim, whether your case has merit, and whether the debtor owns assets that could satisfy a judgment.
If litigation proceeds, these are the typical steps:
Contracting and selling goods in Canada requires careful planning, strong contracts, and effective financial and legal management. Contact our team for assistance with contract drafting, dispute resolution, or debt collection strategies.
NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.