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...
September 7, 2018
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...
July 19, 2018
5 Things to Consider When Using a SAFE
The Simple Agreement for Future Equity (SAFE) has been gaining popularity as a result of its use by seed accelerators such as Y Combinator in the US, and NACO in Canada. It has allowed startups to g...
July 9, 2018
Using Stock Options as Currency – The “Cashless Exercise”
One of the most common strategies employed by start-up companies to leverage their limited cash resources and still have the financial resources to compete in the marketplace is to offer key...
June 18, 2018
Fur’s Getting Ruffled by Smarter Folks
By now we think we're pretty smart - we've made it easier for folks to navigate and read one of the most complicated things in the world to read - legal documents. But then along has come "smart...
March 28, 2018
Being Your Own Customer – Perks and Pitfalls
Startup founders are often “sipping their own Kool Aid”. In the early days of a startup company, the founders often envision and believe with almost cult-like intensity in a product or mar...
March 4, 2018
Happy Lunar New Year (of the Earth Dog)
Written by Rajah Lehal
With research by Thomas Southmayd
Happy Lunar New Year!
According to TheChineseZodiac.org, the Chinese Zodiac’s complexity “lies in the Oriental s...
February 19, 2018
Doing More with Less, and Less with More
This week my beloved Clausehound.com was accepted into the CTA New York accelerator. Our small team has been scattered around the countryside this month with team members in Ottawa, Toronto, Boston,...
February 4, 2018
Blueprint
Following the ethos of all our Clausehound products, this "blueprint" is designed to guide, and creates a trail, both for new businesses to follow, and also supply new employees at an existing busines...
January 26, 2018
Playbooks
Custom Curriculum for Each User
Related Articles for Additional Knowledge and Quick Referencing
Step-By-Step Instructions to Guide Even the Most inexperienced Individuals
A framework that...
January 26, 2018
Small Business Law Library
Over 150 Legal Contracts
Tens of Thousands of Clauses, Articles and Legal Commentary
Download and Edit Documents for Quick and Easy Access
A library of legal contracts, clauses ...
January 26, 2018
Giving and Getting Advice
I had the pleasure this weekend of judging the 2017 IBK Business Plan competition which brings MBA students from around the world in a head to head elimination competition, showcasing the next big thi...
January 20, 2018
Angel investors – guiding you through the abyss
So you have an idea.
It starts in your head and your excitement leads you to bring it to the world.
You describe it to some folks. Some of those folks understand it, some don’t. Some quest...
December 30, 2017
Pattern Matching
I just watched this video on spirals and it struck me that pattern matching is very important to us collectively. Pattern matching is helpful.
It makes us better athletes, more efficien...
December 11, 2017
Researching Openness
I’ve been researching the concept of “openness” in organizations. I came across this concept when I watched this fireside chat with Mike Cannon-Brookes of Atlassian at Startup Battlefie...
November 25, 2017
Who Are We?
Our team is growing at my beloved Clausehound.com, and that is great. It is no longer a big panic to get from version to version or from demo to demo. New staff and old staff are starting ...
November 18, 2017
Side-Hustling Your Way Into a New Career
For this week's Founder's Only I dug into Faheem's podcast archives. Faheem is a member of Founder's Only, and he and I were MBA friends over a decade ago. We both ran the campus entrepreneu...
November 10, 2017
Common Binding Terms in a Letter of Intent
Negotiating a contract can be a messy process. Parties often need to engage in several rounds of back-and-forth negotiation to find a mutually satisfactory deal, and many details are not settled until...
November 10, 2017
Pre-emptive Rights – Who Do They Benefit?
What is a Pre-emptive Rights Clause?
Pre-emptive rights clauses can protect existing shareholders from the dilution of their proportionate holdings, and is a type of protection sought by founders a...
November 10, 2017
The Co-Founder Relationship
Julie Zuzek "the Corporate Yogi" and I have been friends for nearly a decade, and I have often tried to apply her approach to the “entrepreneur mindset” over the course of my own founder jou...
November 3, 2017
Why do you enter into legal agreements?
What is this document?
This is one of clausehound.coms legal templates. Feel free to scroll through the contract and determine whether the template is useful for your needs. You can login and brows...
October 31, 2017
Dividends: What, When, How?
Dividend structuring and timing are making headlines presently.
(For example: The Globe and Mail: Ottawa to rein in income 'sprinkling' by wealthy Canadians and the Financial Post: What the new...
October 18, 2017
Three reasons to declare the business of your company
As lawyers we are often guiding our clients on defining the “business of the company”, so I thought I’d write a post on this topic. “Business of the company” is formally declared in ...
October 17, 2017
When to say no: The Right of First Refusal
We are often asked about the right of first refusal clause (ROFR), and so we thought it would be useful to survey the features of a right of first refusal clause here.
For a business with sharehold...
October 17, 2017
Liquidation Preference: Cashing Out
A liquidation preference is a commonly requested investor term. The idea around a liquidation preference is that the investor will receive their funds out of the business prior to the existing shareho...
October 17, 2017