Buying or Selling a Pharmacy in Ontario?

Are you looking to buy or sell a pharmacy for sale in Ontario? We are experienced and have connections to pharmacy brokers and can even guide you to the right people to get these deals financed. With what is at stake; it is best to hire a lawyer who has years of experience in this type of specialized work.

Our pharmacy lawyers regularly provide legal services to pharmacies, pharmacists, and pharmacy buying groups and other health professionals.

We have assisted pharmacies, pharmacists and pharmacy buying groups with a variety of legal matters, including buying and selling pharmacies, structural reviews, incorporating pharmacy professional corporations, dealing with the Ontario College of Pharmacists, lease negotiations and banner agreement negotiations. 

If you are looking to form business partnerships with other Canadian pharmacies, it is vital for you to form a solid pharmacy partnership agreement. Essentially, a partnership agreement is a legal document that you and your partners sign in order to solidify the responsibilities, expectations, benefits, and restrictions of each party. Pharmacy partnership agreements are necessary to ensure that your interests, and that of your partners, are protected and aligned.

Our pharmacy attorneys have drafted, reviewed, and modified many business partnership agreements in the past, and have helped both corporate and independent pharmacies come together to form solid partnerships.

Here are some components that a pharmacy partnership agreement includes:

• Corporation of Partnership name

• Names of the individual partners

• Responsibility of each partner

• Profit sharing for each partner

• Requirements or grounds for partnership dissolution

• Rules regarding partnership termination

• Operation of partner’s share

• Any specific need of your transaction which you can discuss directly with us.

Call us today at 416-299-0050 to speak directly to one of our lawyers.