Contracts Archives - De Krupe Law

29 February

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Why Safe Deposit Box Is Essential?

in Blog, Contracts, Family Law, Real Estate, Wills

Often placed within the fortified walls of banks or special secure facilities, these boxes offer people a safe place to store important documents and valuables. The main feature of a safe deposit box lies in its simplicity. A physical lock and key shielding one's possessions from theft, loss, or damage. Yet, despite this simplicity, choosing the right safe requires an understanding of various factors such as size, ease of access, cost and level of protection. Locking Your Doors at Night Isn't A Last Resort Safe deposit boxes offer a high-security option for storing valuables. Banks provide these secure containers within their vaults. The...

09 February

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Marriage Contract Ontario

Posted by Daniel Simard

in Blog, Contracts, Family Law

Understanding the legalities of a marriage contract ontario is crucial for couples seeking to define their financial rights and responsibilities before or after tying the knot. A marriage contract in Ontario provides clarity and peace of mind by outlining asset division and support obligations should the relationship dissolve. These agreements require careful consideration, precise drafting, and adherence to legal standards to ensure they are enforceable. By prioritizing clear communication and mutual understanding within this framework, partners can establish a solid foundation for their marital future. Legal Framework and Family Law Act Overview The Family Law Act in Ontario governs the legal aspects of...

13 August

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Statute of Frauds

Posted by DeKrupe

in Contracts

Statute of Frauds It states that certain types of contracts must be in writing and signed by the parties. Such contracts include: Contracts by an executor of an estate to pay debts of the estate from personal funds; Contracts by a person to guarantee the debts of another or be responsible for the tort obligations of another; Contracts for the sale of...

13 August

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Contract

Posted by DeKrupe

in Contracts

A contract does not have to be some long documents prepared by lawyers. In fact a person encounters contracts throughout his or her daily life, in a form of paying for parking, bus token, even buying a cup of coffee involves a contract. A contract can be oral, written and then it can be explicit like an apartment lease that spells out the terms of the contract or implicit just like you buying a cup of coffee buy handing the money and taking...

13 August

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Breach of Contract

Posted by DeKrupe

in Contracts

Remedies The Remedies available in the event of breach of contract include Damages – the most common remedy for breach of contract, damages are a sum of money to compensate the injured party. Specific Performance – In some cases simply awarding a sum of money might not be enough to compensate the injured party, and equitable remedy specific performance might be awarded to require the party at fault to perform his...