FINANCIAL_SERVICESRECOMMENDED

Mutual Release Agreement With Elexicon Requires $250K Payment

Pickering is asked to approve a Mutual Release Agreement with Elexicon that will resolve outstanding cost reimbursement issues tied to the City’s attempted share sale, with a $250,000 payment from the 2026 General Government Contingency account. The settlement follows extensive legal and financial work related to Elexicon share ownership and promissory notes.

Status
RECOMMENDED
Document date
August 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
ELEXICON
Agency
City of Pickering · Canada

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$250,000
Contract type
FINANCIAL_SERVICES
Renewal
One-time mutual release settlement; no ongoing services or renewal provisions described. Agreement will resolve outstanding obligations related to share transfer costs.
Document type
AgendaPacket
Source document
City of Pickering Special Council Meeting Agenda 2026-08-06

Related contracts

Other contracts from ELEXICON.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Pickering?

ELEXICON was awarded this financial services contract by City of Pickering, as recorded on August 6, 2026. The contract value is $250,000.

How much is the ELEXICON contract with City of Pickering worth?

The ELEXICON contract with City of Pickering is valued at $250,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Pickering Special Council Meeting Agenda 2026-08-06 (AgendaPacket), dated August 6, 2026 from City of Pickering. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does ELEXICON hold?

ELEXICON may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View ELEXICON's profile

What is City of Pickering currently buying?

Explore City of Pickering's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Pickering's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free