Personal guarantees are common in commercial transactions. A lender may require one before approving financing, or a landlord may ask a business owner to guarantee a commercial lease. Suppliers and equipment financing companies may also require a guarantee before extending credit.

Running a business means making tough decisions, especially when conflicts arise. Whether it involves a supplier, partner, client, or employee, disputes can quickly drain time, energy, and money. While heading to court might seem like the only option, it is often worth exploring ways to settle out of court first. One of the most effective ways to do this is through mediation.

If you are looking to sublease your commercial space in Ontario, it can be a great way to bring in extra income or cut down on rental costs. However, subleasing a commercial property involves legal complexities that require careful consideration. Before you make any decisions, it is important to understand how subleasing works and why it is a good idea to speak with a commercial lawyer before moving forward.