The plaintiffs, a commercial real estate broker and his company, brought an action against the defendant brokerage firm seeking a declaration that their independent contractor agreement was terminated without cause, thereby forgiving a $225,000 loan.
The defendant counterclaimed for repayment of the loan, alleging the plaintiff terminated the agreement or was terminated for default.
The court rectified the agreement to include a mistakenly omitted provision regarding the plaintiff's leadership role and analyzed the interpretation of the plaintiff's role as the Ottawa Practice Lead for investments, finding that no strict $10 million ceiling was placed on the plaintiff's transactions.
