Contract disputes arise in a wide variety of contexts. A breach of contract or a disagreement over a contract's validity are examples of contract disputes. In Canada, contract disputes are most often resolved through negotiation or mediation. If negotiations or mediation are unsuccessful, contracts can sometimes be voided by the court. However, in most cases, it is better to negotiate a settlement agreement with the other party in the presence of contract dispute lawyers in Toronto before going to court.
Employment Agreements
An employment agreement is a contract entered between the employer and the employee. The contract mentions all the pre-requisites that an employee agrees to when signing the employment agreement. However, due to the nuances of certain clauses in the contract, disagreements can ensue. To resolve such issues that can affect the growth of the business, corporates rely on contract dispute lawyers to find a solution.
Shareholder Contracts
Common disputes in shareholder contracts usually involve poor delivery of promised goods or results. Some situations involve a business that has gone through bankruptcy and requires liquidation. For example, in the case of a company that has defaulted on payment of dividends, other methods for obtaining compensation must be explored before bankruptcy proceedings. Courts have been permitted to take additional measures to maintain a company's financial integrity in such an instance.
Commercial Lease
Leases are contracts that allow parties to use specific property or services for a certain period. The landlord and the tenant typically sign a lease. The landlord may, for example, rent out an office space while the tenant uses it for business purposes. The two most typically sign a lease that meets their needs. However, disputes can still arise if the terms are abusive, unfair, breach the contract (between both parties), or violate local laws.
Comments