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A recent decision of the Ontario Court of Appeal highlights the dangers in missing deadlines stipulated in Agreements of Purchase and Sale.[1] The Facts On January 10, 2014, Invecom Associates Limited (“Invecom”) entered into an Agreement of Purchase and Sale (the “Agreement”) with 2260693 Ontario Inc. and two other numbered companies (collectively the “Vendors”) to acquire three properties in Waterloo, Ontario. Invecom had provided a deposit of $400,000 to the vendors. The A

The issue of jurisdiction often arises where parties to a dispute operate in different jurisdictions or where the underlying facts forming the basis of a claim involve another jurisdiction. The recent Supreme Court of Canada decision in Lapointe has important implications for individuals and companies outside of Ontario who do business with entities in Ontario, or who become involved, even indirectly, in a contract made in Ontario. Legal Context Before a court assumes jurisd