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The Filice Law Journal

Welcome to the Filice Law Journal — a collection of insights, updates, and straight talk on the legal issues that affect your life and business. Whether you’re buying a home, navigating separation, planning your estate, or launching a new venture, you’ll find practical guidance written in plain language, drawn from real client questions and everyday legal challenges.

Doing Your Homework Before You Buy a Business
Corporate & Commercial

Doing Your Homework Before You Buy A Business

Making the decision to purchase a business can be thrilling, filled with visions of expansion and increased profitability. However, thorough homework is essential to mitigate risks and make informed choices. Whether you’re drawn to franchise ownership with its established systems or the autonomy of independent ownership, understanding your personal circumstances, goals, and financial standing is crucial. Dive into the world of business ownership with confidence by exploring the key considerations that will guide your journey. Prepare yourself for a rewarding adventure that could transform your aspirations into reality!

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Steps to take When Your Business Partnership is Ending
Corporate & Commercial

Steps To Take When Your Business Partnership Falls Apart

Ending a business partnership can be as challenging as any personal relationship, fraught with trust issues and complications. To navigate this difficult transition, it’s crucial to take proactive steps to protect yourself and your company. From shoring up cybersecurity to reviewing your partnership agreement and communicating effectively with stakeholders, each step plays a vital role in ensuring a smooth dissolution. Discover essential strategies to safeguard your interests and maintain stability during this tumultuous time. Read on to learn how to manage the complexities of a partnership breakup effectively.

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Signing a Lease
Commercial Leases

New Business Owners: 4 Things to Watch Out For When Signing a Lease

Starting a new business? One of the most critical steps is signing a commercial lease, but it can also be one of the most daunting. Missteps in this process can lead to costly consequences, including losing your space. Before you put pen to paper, it’s essential to understand the lease terms, costs, and any restrictions that could impact your operations. From negotiating renewal options to uncovering unusual conditions, knowing what to watch out for can save you time and money. Dive into our guide to ensure you make informed decisions and secure the best lease for your business!

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Can you get out of an APS
Buying

Can You Get Out Of An Agreement of Purchase and Sale

Are you feeling anxious after signing an Agreement of Purchase and Sale for your new home? You’re not alone! Many buyers experience a wave of uncertainty when they realize something might be amiss or that they’ve stretched their budget too far. But what if you need to back out? Discover how conditions in your offer can provide an escape route, the importance of a cooling-off period for condominiums, and why seeking legal counsel can safeguard your interests. Don’t let a hasty decision lead to financial consequences—learn how to navigate this critical process with confidence!

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What must owners disclose
Buying

What Must Owners Disclose About a Home During a Sale

Purchasing a home is an exciting opportunity, but it comes with significant responsibilities. Understanding what sellers must disclose about a property is crucial for making an informed decision. In Ontario, homeowners are legally required to reveal critical information, such as issues with the foundation, mold problems, and past pest infestations. However, there are also details they may not disclose, like violent crimes that occurred in the home. To protect yourself from unforeseen issues, it’s essential to ask the right questions and conduct thorough research. Discover how to navigate these disclosures and ensure a smooth transaction in your home-buying journey.

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Real Estate Love Letter
Buying

What To Know About Love Letters and Real Estate

Navigating the competitive real estate market in Canada can be daunting, especially when low inventory meets high demand. One strategy buyers are considering is the inclusion of a heartfelt letter to sellers, creating an emotional connection that could sway their decision. However, while love letters can make your offer stand out, they also carry risks, potentially revealing personal information that could lead to discrimination. Should you take the plunge and write a letter, or focus on other ways to strengthen your offer? Discover the pros and cons of love letters and how to make your bid more appealing.

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