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7 tips on how to avoid common risk allocation pitfalls in a contract

Hi there, Risk allocation or how you balance the risks each party is willing to assume under a given commercial contract. That's complex stuff!  Well, it depends but hopefully these few pointers will help you and your client better determine how to draft some material clauses and maybe serve you as a checklist: 1- Draft Clear and Comprehensive Termination Provision      •        Ensure that the conditions to termination are adequate and balanced •        Clearly define the termination procedures (for example, by including notice requirements). •        Set out the effects of termination, for example, those relating to: •        tangible and intangible property disposition (for example, confidential information); •        transition to a new supplier; or •        any termination fees (for convenience-based termination). •        Make all termination provisions in the agreement consistent. 2- Include Meaningful Indemnification Procedures
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5 tips for doing business in the Canadian north

Doing business in Northern Canada is challenging for any entrepreneur. Cultural, political, logistical, rare housing and harsh climate factors often discourage many in venturing North of the 55th. Such factors, once correctly managed, added to careful planning and assistance from experienced councilors in all business aspects of Canada's North, can create a great business opportunity for any business looking to expand in new markets, particularly in the construction, housing and services sectors. Here are 5 tips, from a legal perspective, in having great success when doing business north of the 55th, particularly in Nunavut, Nunavik and Labrador. 1- Plan your venture with care Planning is an essential success key for any entrepreneur when comes the time to wonder in the 'wild wild' north. Plan your trips, your business set up, in brief a business plan with a northern approach should be drafted, closely executed and when things go wrong: Adapt! 2- C
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