Quantum meruit means “the amount he deserves” or “as much as he has earned”. In most cases, this means a claim for a reasonable amount in respect of services or goods supplied to the defendant. Refunds for services or goods supplied to the defendant are possible in cases where the plaintiff does not receive...

In the context of a corporation, scrip is evidence of the right to obtain ownership of a portion of the corporation’s shares. However, this is not a basis for ownership of the shares. This is one of the alternatives used by corporations that decide not to issue fractional shares in connection with activities such as:...

Key Employee Retention Plans (KERPS)# Key employee retention plans (KERPS), also called pay-to-stay compensation plans, can take many forms, but their main purpose is to create a guaranteed pool of money that acts as an incentive for an employer to retain key employees during financially difficult times.

Labour-Sponsored Investment Fund Corporation (LSIF)# A type of mutual fund corporation sponsored by labor unions or other union organizations that makes venture capital investments in small and medium-sized businesses. Also referred to as Labour Sponsored Venture Capital Corporations. LSIFs invest primarily in private...

Naked Restraint# Naked restraints, sometimes also referred to as “hard” restraints, are restrictions on competition that are not intended to promote competition. According to Article 45 of the Competition Act, price fixing, market division/distribution and production limitation agreements between competitors are...

Voting Trust# is an agreement between shareholders by which their shares and voting rights are temporarily transferred to a trustee shareholders agree to vote in a certain way on certain matters without giving up their shares or voting rights. voting trusts are formed to prevent hostile takeovers, to maintain majority...