Canadian Lawyer InHouse

February 2015

Legal news and trends for Canadian in-house counsel and c-suite executives

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13 canadianlawyermag.com/inhouse february 2015 13 GO TO CANADIANLAWYERMAG.COM TO WATCH A WEIRFOULDS LLP LAWYER TALK ABOUT THIS QUIZ. 1 a lease provides that the landlord is responsible for shovelling and removing all snow from a shopping centre. Does the landlord have to perform this obligation in good faith? (a) yes (B) no (c) it depends 2 Outside of a strictly leasing context, in situations where a contract is not yet in place, are there instances where parties are required to negotiate a contract in good faith? (a) yes (B) no (c) it depends 3 in negotiating a lease, is a landlord required to tell a prospective tenant whether it has received any offers for the premises and provide details of those offers? For example, is a landlord required to mention that it has received no offers in the last six months and that the last one it did receive offered rent of $10 per square foot while the landlord was asking $30 per square foot? (a) yes (B) no (c) Maybe 4 The Supreme court of canada's recent decision in Sattva Capital Corp. v. Creston Moly Corp., means it will be easier to appeal a trial judge's interpretation of a contract. (a) True (B) False Q U I Z aaron kempf, associate, and karsten lee, partner, Weirfoulds llP An obligation to negotiate a lease in good faith? Effective negotiation is an integral part of coming to terms on all types of agreements. Depending on the negotiating power of the parties, it typically involves some give and take from both sides to reach an agreement that is mutually acceptable and enforceable. However, in conducting negotiations, what are the obligations of each party? There are some key differences and some recent case law that is important to be aware of. This quiz will test your knowledge.

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