Business Separation Agreement Template for Canada

1. Intellectual Property Rights: Division of IP assets and ongoing rights when significant IP exists

2. Transition Services: Terms for temporary support services between parties during separation

3. Tax Matters: Specific tax considerations and allocations for complex tax situations

4. Joint Venture Provisions: Terms for handling any ongoing joint ventures or shared projects

5. Shared Facilities: Arrangements for any shared physical facilities or equipment

6. Insurance Matters: Handling of insurance policies and claims when significant insurance issues exist

7. Data Protection: Specific provisions for handling shared customer or business data

8. International Operations: Special provisions for international business aspects

1. Schedule A - Asset Inventory: Detailed list of all assets being divided

2. Schedule B - Contract List: List of all contracts and their assignment

3. Schedule C - Employee Allocation: List of employees and their post-separation assignment

4. Schedule D - Intellectual Property Register: Detailed inventory of IP assets and their allocation

5. Schedule E - Outstanding Liabilities: List of all debts and liabilities being allocated

6. Schedule F - Transition Services Plan: Detailed plan for any transition services

7. Schedule G - Customer Allocation: Distribution of customer accounts between parties

8. Appendix 1 - Financial Statements: Recent financial statements relevant to the separation

9. Appendix 2 - Valuation Reports: Any relevant business or asset valuation reports