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Breaking Up an Exclusive Relationship: The Impact of Bill C-56 on Commercial Leases

31 July 2024

Loopstra Nixon LLP

 

Many commercial tenants seek to include an exclusive covenant in their lease, which grants the tenant the exclusive right to operate a specific business or sell certain products within a specified area. An exclusive covenant is designed to protect the tenant’s market share and investment in the location by restricting the landlord from leasing to the tenant’s competitors.

 

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