Contract breakdowns and plain-language blogs from a seasoned litigation firm. Each week we take a document apart — what's non-compliant, what's quietly dangerous, and what better drafting would have done. We will also discuss how AI is affecting the delivery of legal services. Real lessons for your business.
Part 1 covered what the law lets you do once you're frozen out. This is the part most owners wish they'd read first: the shareholders' agreement that anticipates the exact moves of a freeze-out — signed while everyone still gets along.
The deposit is sitting in a trust account — and in Ontario, a seller is usually entitled to keep it when a buyer walks away from a firm deal. Here is where you stand.
You may be owed more than the value of the land taken — disturbance damages, injurious affection, and more. Plus the one-year deadline you can't afford to miss.
You still own your shares — they're just worth nothing to you while you're frozen out. Ontario's oppression remedy exists for exactly this.