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In the context of cross-border transactions, whether acquisitions, investments or financings, it is important to understand the implications of using established transaction agreement precedents in multiple jurisdictions; including the use of the binding and non-binding letter of intent (LOI), the signed and unsigned agreement, the obligation to negotiate and execute in good faith, the application of the miscellaneous clauses and especially whether you think your agreement is the “entire agreement.” In Canada, there are two legal traditions (English Common Law and Quebec Civil Law), which in certain circumstances differ from US common law; these differences must be noted before entering into negotiations. The standard form contract or boilerplate may burn you if you are not careful. Panelists will review the traditional transaction steps between offer or LOI to the definitive agreement and specific provisions that are drafted the same but used in different jurisdictions.

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Region: Canada , United States
The information in any resource collected in this virtual library should not be construed as legal advice or legal opinion on specific facts and should not be considered representative of the views of its authors, its sponsors, and/or ACC. These resources are not intended as a definitive statement on the subject addressed. Rather, they are intended to serve as a tool providing practical advice and references for the busy in-house practitioner and other readers.
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