Calgary Company
Corporate Business Law

Starting a Company

Business Incorporation

Shareholders Agreement

Buying a Company

Due Diligence

Asset Purchase

Share Purchase

Selling a Company

Legal Management

Contractual Arrangements

Expanding the Company

Joint Venture / Partnership




Purchasing the underlying assets of a business, whether it represents the whole or a fraction of a company, is the alternative to acquiring the company's shares (wherein one acquires the whole of the business, including its liabilities). As such, an asset transaction has the potential to significantly reduce legal exposure associated with the proposed acquisition, as one look to segment and purchase only those assets that are to be used by the new company. Nevertheless, this may also mean that the acquiring party pays a substantially higher price in this transactional format, as the liabilities remain with the selling party that is also looking for an offset to those liabilities (whether they have materialized or they are presently dormant).

Establishing that those assets are in fact free and clear of liabilities is an important legal undertaking that needs to be rigorously conducted. Assets subject to pre-existing legal liabilities pose considerable danger to the buyer, as unpaid creditors of the seller have a range of legal rights and remedies available to them, which includes pursuing and seizing the assets that an unprotected buyer presumed it had acquired title to. And unfortunately, the laws typically punish careless corporate buyers who have failed to engage in the appropriate legal precautions prior to buying a company's assets. And this is but one of the legal challenges associated with purchasing assets, a process that benefits greatly from the involvement of experienced legal counsel.

Throughout this process, experienced legal counsel plays a substantive role in assisting and guiding the company's leadership with the effective pursuit and implementation of its business objectives. Such experience is the hallmark of the legal practice of Christopher Neufeld of Neufeld Legal P.C., with our legal practice being focused upon corporate matters that would assist in the advancement of Calgary companies. To learn more about how we can be of assistance to your company's progress or to schedule a meeting, contact us at 403-400-4092 or

Making a commitment to providing effective legal services to corporate leadership through the various phases of a company's existence, from its inception through its operational management and engagement in key strategic moves to the purchase and sale of the company (mergers, acquisitions and divestitures). What we strive to provide is the legal insight and direction that comes from years of working with a multitude of corporations, sole propreitorships and partnerships in advancing their business objectives. Our mailing address is Neufeld Legal P.C., 144 - 4th Avenue SW, Suite 1600, Calgary, Alberta T2P 3N4. Legal Disclaimer. Privacy Policy. © 2013.