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Funding Fundamentals: Legal aspects of Capital Raising
Raising capital is a necessary step for most private companies, but navigating the legal and strategic nuances of different funding options is where careful consideration becomes crucial. All capital raising methods – whether you plan to bootstrap, raise from friends and family, take on a loan, or equity finance – come with differing implications that you should be aware of to avoid common pitfalls.
Understanding Non-Compete Clauses
The focus of this blog post will be non-compete clauses, which have become commonplace in a number of different employment relationships, from the high-tech world to fast food chains. The clauses are intended to restrict departing employees from accepting paid work in the same or similar sectors to that of their previous employer.
Letting Go: Termination of Employment in Ontario
Startups and emerging companies are usually so focused on growing and scaling up that the thought of letting employees go is far from top of mind. However, it is important that employers and employees understand what employees are entitled to when they are terminated under the Ontario Employment Standards Act (“ESA”) and the common law.
ESOPs – A Primer
Option agreements provide employees the right to purchase shares of the employer corporation at a specified price during the term of the agreement, and subject to specified “vesting” provisions and other conditions. ESOPs work by granting employees the opportunity to benefit from a higher future value of their company’s share price.
Open Source Software Licenses and License Incompatibility
If your business sells software, including software-as-a-service (SAAS), odds are good that you have used one or more open source packages in the course of development.
Employees v. Independent Contractors: What’s the Difference?
This post provides an overview of how employees and independent contractors are defined in the law, what the main differences are between these two types of workers, and the dangers of misclassifying workers.
Why Should Your Business Care About Privacy?
If your business collects, uses, or discloses personal information, it is important to ensure that its activities comply with Canada’s legislative framework.
Insurance for an Early Stage Business
This post examines different types of insurance and what early stage businesses should consider when selecting insurance policies.
Copyright 101
Best practices for navigating Canada’s copyright laws as a business.