Contract Lawyer In Toronto Speaks Out About Urgent Importance of Compliance in Highly Regulated Industries

In 2024, regulators are clamping down, and a Canadian lawyer with a focus on contract law says that regulated entities need to ensure their contracts are compliant.

TORONTO, Ontario

As regulators across Canada in highly regulated industries crack down on the parties they regulate, a contract lawyer in Toronto warns regulated entities that they need to ensure their agreements with third parties comply with all applicable rules.

“While governments do sometimes take initiative to reduce regulatory red tape, I’m seeing a lot of regulatory burden being imposed in 2024 that entities must comply with – whether in the food and drugs space or the crypto industry,” says lawyer Harrison Jordan.

“Therefore it’s paramount that any contracts with third parties comply with the regulations imposed on the parties – or else risk a headache that can cost time, money and resources. to ameliorate,”

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