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Blog Bite: Is Patenting Right for Me?

Now more than ever, companies are seeking to differentiate themselves on the basis of cutting-edge technology or radically different approaches to age-old problems and new problems alike. As such,...

What to Consider when Placing Restrictions on Shares

Introduction  When drafting articles of incorporation, there may be some restrictions you may want to place on shares or even the business. This article seeks to outline some of the most common ...

Forcing an Exit – Shot Gun Clause

For the first time in the Toronto Raptor’s twenty-four-year journey, the team made history by advancing to the NBA finals. In 1995, the vision of the founding members, John Bitove and Allan Slai...

Planning for the Death of a Shareholder

As an entrepreneur it is best practice to plan for the unexpected. Shareholders do not always remain with the business indefinitely. A shareholder may leave, sell or pass away. As a result, a well...

What are Share Repurchases and Why are Businesses Using Them So Much?

Share repurchases by corporations have reached unprecedented levels in recent years and are expected to go even higher. In fact, in 2017 S&P 500 companies made share repurchases to the tune of...

What to Consider When Selecting the Corporation’s Share Attributes

Introduction When drafting articles of incorporation, one is required to outline the share structure of the corporation. This article seeks to outline some basic requirements, and subsequently th...

Piercing the Corporate Veil: When Individuals are Liable for Corporate Wrongdoing

The recent case of a federal judge ordering Martin Shkreli to forfeit $7.36 million serves as an example of one of the unique situations when a “corporate veil” is “pierced". What is a co...

Blog Bite: Are unpaid internships legal?

Most jurisdictions’ employment legislation will suggest that, as a default, if someone is doing work for your company (and unless they’re in business for themselves), then they are an employe...

Literary Works: Can I Include That Brand Name Product?

When authoring a book or publishing an article, you, as the author, may wish to include images of a brand name product on the cover, or may wish to reference a brand within the text.  You might w...

Blog Bite: What’s the Point of Committees?

The Board of Directors is allowed to set up committees, which are delegated certain responsibilities of the Board. These committees may consist of directors but also other individuals who are suit...

Blog Bite: What is a Section 83(b) Election?

Simply put, a Section 83(b) election is a tax code election made by someone who is receiving shares over time. Consider the following: if a founder just started a company, they might go on a th...

Blog Bite: How the Right of First Refusal Interacts with US Securities Law

The Right of First Refusal (ROFR) is a staple clause in most corporations’ shareholder agreements and by-laws. Simply put, it requires any shareholder who is offering (or receives an offer) to s...

Blog Bite: How Could Share Issuance Affect Your Franchise Taxes in Delaware?

Delaware is a popular jurisdiction for incorporation for many companies seeking to operate in the United States on account of it having a comprehensive and supportive set of favourable laws for co...

Blog Bite: Filling Vacancies on Your Board of Directors

Many jurisdictions require an Annual General Meeting at which a Board of Directors is elected, and unless otherwise indicated in company by-laws, every share is entitled to one vote toward the boa...

Blog Bite: Don’t Ignore the “Action Without Meeting” Clause!

In Delaware, and in most other US jurisdictions, a written resolution of shareholders (in lieu of a shareholders’ meeting) can only pass if at least a majority of shareholders entitled to vote a...

Blog Bite: Bringing An Investor Onboard? Document Your Corporate Resolutions!

Delaware, a popular jurisdiction for incorporation in the United States, requires a majority of shareholders to pass a written resolution in lieu of a meeting in most shareholder-level decisions, ...

Do Not-for-Profit Directors Get Paid?

There can be a tendency for entrepreneurs making their initial foray into the not-for-profit (NFP) space to draw parallels and comparisons with their experiences and knowledge from the for-profit ...

Our Daily Reading List – 26/09/2018

1 #Corporate #Law Should Embrace Putting Workers On Boards: The Evidence Is Behind Them - by Ewan McGaughey @HarvardCorpGov Read Here   2 US #Corporate #Law News: Delaware ...

We had the pleasure of meeting Cooperathon at the Montreal Startup Open House

We had the pleasure of meeting Cooperathon at the Montreal Startup Open House and they alerted us to this upcoming event. Join Cooperathon and you could change the world! Do you like building...

Knowledge Helpdesk Questions (Ongoing)

Legal drafting is hard!  Our organizational members can access our knowledge helpdesk.  This Is No Substitute for Expert Legal Advice:  Our knowledge-helpdesk is intended to assist you to find kno...

Pick of the Litter: This Robot Just Wants To Hug A Jellyfish Without Committing Jellymurder

The 'Hound is sniffing out cool innovations for you. Multiplicity's What's Cool Weekly This Robot Just Wants To Hug A Jellyfish Without Committing Jellymurder Chinese Sci...

Breaking Down Barriers for the Latino Community

Rajah Lehal, Founder and CEO of Clausehound has an organizational role in activating the BMW Foundation Responsible Leaders Networks in North America. BMW Foundation is a supporter of...

The Business Case for Investing in Women

Our partner organization Invest Ottawa recently published an article on the AccelerateOTT panel discussion. It has a simple message: invest in women founded businesses. It provides se...

Drake and Michael Jackson Controversy

Our partner organization Bullfrog Insurance recently wrote an article on Drake's latest album and music copyright. With the controversial inclusion of a previously unheard of MJ song,...

Paperchaser

Following the ethos of all our Clausehound products, our Paperchaser product is a "blueprint" to a company's legal foundation.  Regardless of whether you are starting a bakery, restaurant, software b...
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