Many contracts contain a boilerplate clause which simply states that “time is of the essence” (”TOE”). Colloquially, this phrase means that the matter is urgent, but at law, TOE is a form of shorthand that means: if a party breaches a provision that requires performance by a certain day or time (no matter how trivial or minor the breach), the innocent party can terminate the contract.
Do you want to "draft smarter"? Our presenters walk you through a fully annotated shareholder agreement and buy-sell provisions updated with recent case law, legislative changes, and plain English explanations. Find out more from co-chair, Andreea Muth, and register today!
The Ontario government has proposed the Better Regional Governance Act, 2026 through Bill 100 which would implement substantial changes to governance structures in several upper-tier municipalities across the province. Read more...
Over the past year, we aired a variety of Corporate/Commercial Law programs that are now available for you to explore on-demand. Here are a few highlights.
As part of its mandate to regulate the profession in the public interest, the Law Society is responsible for ensuring licensees handle client trust funds appropriately and maintain proper financial records. One of the ways the Law Society fulfills this responsibility is by authorizing spot audits of Ontario law firms and legal services firms that provide legal services to the public. Read more...
Looking for more? Dive into this exclusive article by Devin Persaud, Miller Thomson LLP released alongside 16th In-House Counsel Summit.
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