Calgary Contract Enforcement Lawyer

Neufeld Legal P.C. - Christopher Neufeld
 Contract Central         Negotiating         Drafting         Review         Enforcement         Email     403-400-4092   Calgary, AB 

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BUSINESS CONTRACT ENFORCEMENT LAWYER

Legal counsel for enforcing contracts in Calgary, Alberta.

Once a business contract has been negotiated and signed by all the participating parties, the legal work is not necessarily complete. For even with a contract having been drafted and executed, there do arise circumstances that necessitate the enforcement of such legal agreements, and if the other party is not willing or capable of fulfilling their obligations under the contract, it will often become necessary to have a lawyer intercede on your company's behalf to enforce the contractual obligations that the other party had previously agreed to abide by.

Enforcing a contract typically takes on one of two objective goals, either getting the other side to fulfill their stipulated obligations (if one still believes that the other side will subsequently conform to their ongoing obligations following this apparent lapse in their commitment to abide by their contractual requirements) or pursue appropriate recourse for their breach of contract (given that their is a belief that they will not fulfill their contractual obligations now and/or in the future).

With a breach of contract claim not necessarily being as straightforward to realize upon, it oftentimes makes business sense to attempt to seek the enforcement of the contract, whether in its current form or with an appropriate amendment (that better secures the legal position of the non-contravening party). In each of these circumstances, a contract lawyer can be highly beneficial, to not only understanding your company's legal options, but also the downside and vulnerabilities associate with certain courses of action, together with putting together the legal paperwork to allow the enforcement process to have some teeth.

For knowledgeable and experienced legal representation in the enforcement of business contracts pertaining to Calgary and Alberta, contact contract lawyer Christopher Neufeld at 403-400-4092 or via email at Chris@LawyerContract.ca.

  Limited Partnership Agreement
Contracts should be made specific to the particular circumstances of the business arrangement, as opposed to simply attempting to rely on a generic template that is not designed to advance your company's financial interests, hence the significance of a contract lawyer drafting a limited partnership agreement.
Clauses often seen in such contracts might include some variant of:
" Interests in the Partnership shall be represented by Units. The Units initially are comprised of one Class: Class A Units. The General Partner may establish, from time to time in accordance with such procedures as the General Partner shall determine from time to time, other Classes, one or more series of any such Classes, or other Partnership securities with such designations, preferences, rights, powers and duties (which may be senior to existing Classes and series of Units or other Partnership securities), as shall be determined by the General Partner, including (i) the right to share in Profits and Losses or items thereof; (ii) the right to share in Partnership distributions; (iii) the rights upon dissolution and liquidation of the Partnership; (iv) whether, and the terms and conditions upon which, the Partnership may or shall be required to redeem the Units or other Partnership securities (including sinking fund provisions); (v) whether such Unit or other Partnership security is issued with the privilege of conversion or exchange and, if so, the terms and conditions of such conversion or exchange; (vi) the terms and conditions upon which each Unit or other Partnership security will be issued, evidenced by certificates and assigned or transferred; (vii) the method for determining the Total Percentage Interest as to such Units or other Partnership securities; and (viii) the right, if any, of the holder of each such Unit or other Partnership security to vote on Partnership matters, including matters relating to the relative designations, preferences, rights, powers and duties of such Units or other Partnership securities. Except as expressly provided in this Agreement to the contrary, any reference to "Units" shall include the Class A Units and any other Classes that may be established in accordance with this Agreement. All Units of a particular Class shall have identical rights in all respects as all other Units of such Class, except in each case as otherwise specified in this Agreement.."

Contract Lawyer Christopher Neufeld is a corporate commercial solicitor admitted to practice law in Alberta and Ontario (Canada) and New York (U.S.A.).  Christopher's legal practice focuses primarily on business law, in particular corporate commercial transactions and contract drafting and negotiations. Operating from Calgary [705 - 120 Silvercreek Close NW, Calgary, Alberta]; Toronto [1 Yonge Street, Suite 1801, Toronto, Ontario] and Burlington [719 Catalina Crescent, Burlington, Ontario]. For more information on corporate purchase and sale transactions in Canada visit CanadaBusinessLawyer.com. © 2014.

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