Centre de Services à l’emploi Prescott-Russell Inc. v. Forage M3 Drilling Services Inc.

Decided: 2026-10-02. Docket: COA-25-CV-0499. Citation: 2026 ONCA 692 (CanLII). Contracts — Contractual interpretation — Indemnity agreement and loan agreement — Whether motion judge erred by focusing on “prendra” in the Loan Agreement — Agreements read as a whole with surrounding circumstances, Sattva Capital Corp. v. Creston Moly Corp. — Palpable and overriding error in interpretation found — Declaration that personal guarantees were provided | Contracts — Indemnity — Personal guarantees — Whether respondent must indemnify for settlement paid to CSEPR as a result of the Guarantees — Preamble states Indemnitees “have provided personal guarantees” and intention to extinguish or obtain release — Indemnify and save harmless clause engaged if Guarantees triggered — Matter remitted for further