Canada Legal :: Canadian Law Resources

Dental Practice Sale Legal Tips

2011-03-03T19:10:00.000-08:00

by: Peter Cusimano
Lawyer - Barrister & Solicitor

Are you planning to sell your dental practice?

A dental practice sale to another dentist will involve numerous steps to be properly completed. In order to ensure a smooth transition and to avoid any delays or unexpected problems, it is advisable to engage the services of a lawyer to assist with the legal aspects of the sale of your dental practice.

Some of the legal steps involved will include:

co-ordination with the lawyer for the purchaser
if you have a dentistry professional corporation, ensuring the corporation's minute book and records are up to date
reviewing and assisting in the preparation of a proposed Letter of Intent
reviewing and assisting in the preparation and finalization of the Agreement of Purchase and Sale
preparation certain documents that will be required to be given to the purchaser on the completion of the sale
dealing with certain issues such as Associate Dentists and staff
addressing any issues such as the removal/discharge of any liens that have been registered by equipment financing companies, banks, or other third party lenders
obtaining an assignment/transfer of the lease for the premises where the practice is located
ensuring the purchaser files any documents that are required to be filed after the completion of the transaction (such as updating of corporation's official records filed with the government if required, or changing the name of a dentistry professional corporation if required)
dealing with any matters that are to be dealt with after the completion date

In addition, your lawyer will also need to be in contact with various parties including:

the lawyer for the purchaser
the dental broker
your banker
your accountant
your landlord
your insurance broker
other third parties as required

In my law practice, I deal with dentists on a regular basis. If you are contemplating selling your dental practice, please feel free to contact me to discuss your dental practice.

NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (Musical or Audio Recording)

2010-03-20T09:09:00.000-07:00

About:
NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (for use with Musical or Audio Recording)

Summary:
In the business matters, it is often necessary to disclose certain information to another party to facilitate business. However, with a musical or audio recording, you may wish that any disclosure of the musical or audio recording to certain people be kept confidential for various reasons. The legal document used to protect your legal rights is a called a “Non-Disclosure Agreement” (also known simply as an “NDA”) or a “Confidentiality Agreement”.

Download:
NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (Musical or Audio Recording)

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NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (Negotiations of Potential Business Relationship or Joint Venture)

2010-03-20T09:03:00.000-07:00

About:
NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (for use in Negotiations of Potential Business Relationship or Joint Venture)

Summary:
If you are planning to have discussions or negotiations with a potential business partner or are considering entering into a joint venture arrangement with another business, it will be necessary during the early discussions and negotiation stage to disclose certain information about your business to the other party to facilitate reaching an agreement with the other business. However, during the early discussions / negotiation stage you may be reluctant to disclose the information without some form of written agreement to protect the legal rights of the parties. The legal document used to protect your legal rights is a called a “Non-Disclosure Agreement” (also known simply as an “NDA”) or a “Confidentiality Agreement”.

Download:
NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (Negotiations of Potential Business Relationship or Joint Venture)

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NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (Invention)

2010-03-19T21:40:00.000-07:00

About:
NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (for use with an Invention)

Summary:
In business matters, it is often necessary to disclose certain information to another party to facilitate business. However, as an inventor, it is important that certain information regarding your invention be kept confidential. However, you may be reluctant to disclose the information without some form of written agreement to protect the legal rights of the parties. In addition, you may want certain information about your invention to be kept confidential to preserve any potential patent or other intellectual property rights that you may have for the invention. The legal document used to protect your legal rights is a called a “Non-Disclosure Agreement” (also known simply as an “NDA”) or a “Confidentiality Agreement”.

Download:
NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (Invention)

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NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (Employees or Independent Contractors)

2010-03-19T21:25:00.000-07:00

About:
NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (for use with Employees or Independent Contractors)

Summary:
In business matters, it is often necessary that your employees or third party contractors will have or will require access to information about your business in order to provide service to your company. For example, it is not uncommon for certain employees to have access to customer lists, supplier information, or financial information. However, you may be reluctant to disclose the information without some form of written agreement to protect the legal rights of the disclosing party. The legal document used to protect your legal rights is a called a “Non-Disclosure Agreement” (also known simply as an “NDA”) or a “Confidentiality Agreement”.

Links:

Form: NDA / Confidentiality Agreement
Video: How to fill in form for an independent contractor
Guide: Step-by-step guide showing how to fill in the form

Related Legal Forms:

NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (Potential Business Purchase & Sale)

2010-03-19T21:10:00.000-07:00

About:
NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (for use in Potential Business Purchase & Sale)

Summary:
In business matters, it is often necessary to disclose certain information to another party to facilitate the business matter. However, you may be reluctant to disclose the information without some form of written agreement to protect the legal rights of the parties. The legal document used to protect your legal rights is a called a “Non-Disclosure Agreement” (also known simply as an “NDA”) or a “Confidentiality Agreement”.

Download:
NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (Potential Business Purchase & Sale)

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Legal Guide: Incorporating in Ontario, Canada

2010-03-12T14:12:00.000-08:00

About:
Legal Guide: Incorporating in Ontario, Canada

Summary:
A beginners step-by-step guide for business owners, beginners, and non-lawyers. Outlines the advantages and disadvantages of a corporation as a form of business, as well as how to incorporate an Ontario business online.

Download:
Legal Guide: Incorporating in Ontario, Canada

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Legal Guide: Buying a Convenience Store

2010-03-12T13:59:00.000-08:00

About:
A Beginners Step-by-Step Guide of "Buying a Convenience Store" for Business Owners, Beginners, and Non-Lawyers.

Summary:
Purchasing a convenience store can be an exciting experience. But, if it is not done properly, it can also be a difficult and expensive experience. Often times the legal issues regarding the purchase of a convenience store can be confusing and difficult to understand. This purpose of this guide is to provide some general tips about the legal steps you should take to ensure that the purchase is completed in a way that provides you with some basic legal protections.

Download:
Legal Guide: Buying a Convenience Store

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Legal Guide: Buying a Restaurant

2010-03-08T12:20:00.000-08:00

About:
A Beginners Step-by-Step Guide of "Buying a Restaurant" for Restauranteurs, Business Owners, Beginners, and Non-Lawyers.

Summary:
Purchasing a restaurant can be an exciting experience. But, if it is not done properly, it can also be a difficult and expensive experience. Often times the legal issues regarding the purchase of a restaurant can be confusing and difficult to understand. The purpose of this guide is to provide some general tips about the legal steps you should take to ensure that the purchase is completed in a way that provides you with some basic legal protections.

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Legal Guide: Buying a Restaurant

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Legal Guide: Shareholder Agreement

2010-03-08T11:58:00.000-08:00

About:
A Beginners Step-by-Step Guide of "Shareholder Agreement" for Business Owners, Beginners, and Non-Lawyers.

Summary:
This article will be of interest to shareholders of small private corporations and where often some shareholders also act as directors or officers of the corporation. In such a case, the co-operation of all the shareholders is crucial to the success of the business. Although the responsibility of making decisions for a corporation normally is with the directors of the corporation, a shareholder may wish that certain decision making powers be removed from the discretion of the directors and be given to all of the shareholders. This article discusses how a written shareholders’ agreement can protect your monetary investment and thereby work for your business and potentially save you money, aggravation, disappointment, and business failure.

Download:
Legal Guide: Shareholder Agreement

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Legal Guide: Computer Services Agreement

2010-03-08T11:37:00.000-08:00

About:
A Beginners Step-by-Step Guide of "Computer Services Agreement" for Business Owners, Beginners, and Non-Lawyers.

Summary:
This article is intended for computer consulting and computer programming companies. In addition, anyone who retains the services of a computer consultant or computer programmer will also find this article of interest and can easily adapt the material to their perspective. This article discusses how a written agreement can protect the consultant / programmer and thereby work for your business and potentially save you money, aggravation, disappointment, and business failure.

Download:
Legal Guide: Computer Services Agreement

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Forms of Business Organization in Ontario, Canada

2010-03-08T11:17:00.000-08:00

About:
Forms of Business Organization in Ontario, Canada.

Summary:
There are different methods of carrying on business in Ontario, Canada. This articles focuses on the legal characteristics of the three most common methods: Sole Proprietorship, Partnership, and Corporation.

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Forms of Business Organization in Ontario, Canada

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Professionals Involved in the Purchase and Sale of a Business

2010-03-08T11:11:00.000-08:00

About:
Professionals Involved in the Purchase and Sale of a Business.

Summary:
To properly complete a purchase or sale of a business, you will need to obtain professional advice as early as possible from the following: 1) lawyer, 2) real estate agent, 3) accountant, 4) bank manager, 5) anyone else who has knowledge about the business such as a business evaluator, insurance agent, engineer, architect, or consultant. This articles discusses the role of each of these professionals as they relate to the purchase and sale of a business.

Download:
Professionals Involved in the Purchase and Sale of a Business

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Buying or Selling a Business in Ontario, Canada

2010-03-08T07:09:00.001-08:00

About:
Buying or Selling a Business in Ontario, Canada.

Summary:
Purchasing or selling a business can be an exciting time. If it is not done properly, it can also be a difficult and expensive experience. This articles discusses some of the key points to making the transaction successful. (Jurisdiction: Ontario, Canada).

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Buying or Selling a Business in Ontario, Canada

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Legal Guide: Commercial Property Lease Agreement

2010-03-08T07:03:00.000-08:00

About:
A Beginners Step-by-Step Guide of "Property Lease Agreement" for Business Owners, Beginners, and Non-Lawyers.

Summary:
A Commercial Property Lease Agreement creates a commercial tenancy agreement between a landlord and a tenant. If you are a landlord and plan to lease your commercial property to a tenant to conduct business, you should have a written lease agreement with your tenant. A commercial lease will cover certain legal issues.

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Legal Guide: Commercial Property Lease Agreement

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Dental Practice Purchase & Sale FAQ

2010-03-08T06:51:00.000-08:00

About:
Dental Practice Purchase & Sale FAQ (Ontario, Canada).

Summary:
Frequently Asked Questions in the purchase or sale of a dental practice (in Ontario, Canada). If you are a dentist selling your dental practice or buying a dental practice, there are certain tasks that your lawyer and accountant should be doing. This article will focus on frequently asked questions by dentists with respect to purchasing an existing practice. Many of the points discussed will also apply to starting a practice from scratch.

Table of Contents:

Why Do I need to speak to a Lawyer ?
What Does a Lawyer do in the Purchase of a Dental Practice ?
Who Else Should I Speak To ? (e.g.: insurance broker)
What are the Costs Involved in Purchasing and Operating a Dental Practice ?
How Much Should I Pay for a Dental Practice ?
Should I use an Agent or Broker Company ?
Can I Bring to My New Practice the Patients I Previously Treated ?
How Long Does it Take to Complete the Purchase of a Dental Practice ?
What Can I Expect From the Seller ?
What Non-Legal Issues Should I Consider ?

Download:
Dental Practice Purchase & Sale FAQ

Legal Guide: Bill of Sale

2010-03-08T06:24:00.000-08:00

About:
A Beginners Step-by-Step Guide of "Bill of Sale" for Business Owners, Beginners, and Non-Lawyers.

Summary:
A “Bill of Sale” is a legal form that is used when you sell or transfer the ownership of goods such as a car, boat, equipment, furniture, assets from a seller (also called a “vendor”) to a purchaser. If you are purchasing a business and as part of the purchase you are purchasing all the equipment (e.g.: furniture, chairs, office equipment, inventory, and supplies), you should request that the seller (also called the vendor) provide to you a “Bill of Sale”.

Download:
Legal Guide: Bill of Sale

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Family Law Videos (080220)

2008-07-07T08:19:00.001-07:00

Family Law Videos (080220)

A large collection of Canadian Law videos on the topic of family law is available free through Canada Legal.com Videos. The videos discuss divorce, custody, adoption, child support, and more. If you have questions about family law in Canada, these videos are a good starting point in your search for information. See the complete list of Family Law Videos. Some of the videos are:

Note that these videos are not intended to provide legal advice and you should always consult with and seek the advice of a qualified lawyer.

Family Law Videos (071212)

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Family Law Videos (071212)

Note that these videos are not intended to provide legal advice and you should always consult with and seek the advice of a qualified lawyer.

Family Law Videos (070705)

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Family Law Videos (070705)

Note that these videos are not intended to provide legal advice and you should always consult with and seek the advice of a qualified lawyer.

Release and Dispute Settlement Agreement

2008-05-18T23:39:00.000-07:00

Release and Dispute Settlement Agreement

A Release agreement is used when two parties settle a legal dispute. Essentially, the release will set out the terms of how the parties have agreed to settle their dispute (eg. one party will pay money to the other party, property will be returned, etc). As part of the settlement, the release document provides that neither party will sue each other or make any further claims against each other.

In other words, the dispute is ... (click here to continue reading)

Purchase and Sale of Business

2008-05-18T23:38:00.000-07:00

Purchase and Sale of Business

If you are planning to buy or sell a business, you should have a written agreement in place between the seller (also called the vendor) and the purchaser (all called the buyer). The agreement of purchase and sale will address certain key issues including:

(click here to continue reading)

Partnership Agreement

2008-05-18T23:36:00.000-07:00

Partnership Agreement

A "partnership" is a method to carry on business when two or more persons (individuals or corporations) carry on a business in common with a view to a profit. The members of a partnership are called "partners". A partnership can be governed by an agreement called a Partnership Agreement. Your partnership agreement should describe the duties and responsibilities of the partners, methods of making decisions, and dissolution of the partnership. In addition your partnership agreement should deal with the following issues:

(click here to continue reading)

Loan Agreement

2008-05-18T23:33:00.000-07:00

Loan Agreement

When a business or company is either starting up or wishes to expand, it likely requires additional money or capital. Additional funds can be obtained from either a bank or a third party willing to loan the money to the business. Where money is loaned to a business, the lender will want to have the borrower sign a loan agreement that details certain key issues regarding the loan. In other cases, an individual may want to lend money to another individual for personal reasons (eg. to help a person buy a car or pay for university). Key issues to be included in a loan agreement include:

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Employment Agreement

2008-05-18T23:29:00.000-07:00

Employment Agreement

Are you planning to hire any employee in your business? If your employee will have access to sensitive information such as your customer lists or methods of operation, you should consider having a written employment agreement before you hire the employee. The employment agreement usually addresses many legal issues important in the employer-employee relationship including:

(click here to continue reading)

Commercial Property Lease Agreement

2008-05-18T23:07:00.000-07:00

Commercial Property Lease Agreement

If you are a landlord and plan to lease your commercial property to a tenant to conduct business, you should have a written lease agreement with your tenant. A commercial lease will cover certain legal issues such as:

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Bill of Sale

2008-05-18T22:58:00.000-07:00

Bill of Sale - Legal Form

A "Bill of Sale" is a legal form that is used when you sell or transfer the ownership of goods from a seller (also called a "vendor") to a purchaser.

If you are purchasing a business and as part of the purchase you are purchasing all the equipment (eg. furniture, chairs, office equipment, inventory, and supplies), you should ...

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Personal Injury

2007-09-18T00:28:00.000-07:00

Personal Injury

A personal injury is an injury to your body or to your mind or to your emotions, but not to property. For example, if you slip and fall at the mall on wet floor while holding a glass vase, personal injury would include any injury to your body (such as a broken arm) that you suffered from the fall as well as the humiliation of a public fall. But personal injury would not cover the broken vase.

Some causes of personal injury are:

Motor vehicle accidents, car accidents, auto accidents, etc.
Work Related Accidents, accident at work, etc.
Slip and Fall, slip on wet floor, slip on ice, etc.
Medical Malpractice
Product Liability

Personal injury to your body may include fractures, internal injuries, head injury, brain injury, paralysis, soft tissue injury, dog bite.

To determine if there is entitlement to compensation for personal injury, and since there may be a time limitation period, you should contact a personal injury lawyer as soon as possible.

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Dental Practice Sale Legal Tips

NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (Musical or Audio Recording)

NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (Negotiations of Potential Business Relationship or Joint Venture)

NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (Invention)

NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (Employees or Independent Contractors)

NDA -- Legal Guide: Non-Disclosure & Confidentiality Agreement (Potential Business Purchase & Sale)

Legal Guide: Incorporating in Ontario, Canada

Legal Guide: Buying a Convenience Store

Legal Guide: Buying a Restaurant

Legal Guide: Shareholder Agreement

Legal Guide: Computer Services Agreement

Forms of Business Organization in Ontario, Canada

Professionals Involved in the Purchase and Sale of a Business

Buying or Selling a Business in Ontario, Canada

Legal Guide: Commercial Property Lease Agreement

Dental Practice Purchase & Sale FAQ

Legal Guide: Bill of Sale

Family Law Videos (080220)

Family Law Videos (080220)

Family Law Videos (071212)

Family Law Videos (071212)

Family Law Videos (070705)

Family Law Videos (070705)

Release and Dispute Settlement Agreement

Release and Dispute Settlement Agreement

Purchase and Sale of Business

Purchase and Sale of Business

Partnership Agreement

Partnership Agreement

Loan Agreement

Loan Agreement

Employment Agreement

Employment Agreement

Commercial Property Lease Agreement

Commercial Property Lease Agreement

Bill of Sale

Bill of Sale - Legal Form

Personal Injury

Personal Injury

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