The Long Lasting BRA, is it Enforceable? (Ontario)

The Long Lasting BRA, is it Enforceable?

Question:

I was just approached by a potential Buyer in my area. He signed a BRA with a 31 December 2018 termination date.

Is this legal?

Answer:

I would suspect that there might be several issues here:

1) it was void from the outset,

2) it was voidable from the outset, and

3) the agent has breached the contract.

There are several different arguments which can be presented in respect to each of these issues. I would strongly suggest that the Buyer retain a lawyer at this point, otherwise, you risk the accusation of interference both under the Code and civilly.