Tag archives: Right of first refusal

What considerations should be made when buying a franchise business?

By Troy Ungerman (Toronto) on May 2, 2018 Posted in M&A

The acquisition of a franchise business from a franchisor carries with it risks unique to the nature of the business. The aim of this post is to shed light on some of those risks and to highlight mechanisms, the existence of which can comfort a potential buyer that those risks have been mitigated. Risk of … Continue reading

Shareholders’ agreements: right of first refusal versus right of first offer

By Troy Ungerman (Toronto) on November 14, 2017 Posted in Governance and directors' liability, M&A

It is common for shareholders of a closely held corporation to set out the rules that govern their relationship vis-à-vis one another in the form of a shareholder agreement. One key concern for shareholders when negotiating a shareholder agreement is controlling the transfer of shares to unknown or undesirable persons, while still maintaining liquidity in … Continue reading