May 08, 2017Clausehound's partner organization, Open Sky Incubator, in conjunction with the Co-Operators Group Limited, is happy to announce the opening of its Innovation Lab in Kitchener, Ontario.
May 08, 2017Clausehound’s partner organization, Bullfrog Insurance, discusses ways that growing organizations can save on the cost of commercial offices.
May 05, 2017Contracts won’t be enforceable if they’re unconscionable and, in making enforceability determinations, courts give significant weight to public policy.
May 01, 2017From May 10-12 in Kingston, Ontario, The Breakout Project is taking hackathons to the next level by creating an immersive innovation experience featuring keynote speakers, entrepreneurs, brands and thought leaders.
May 01, 2017Clausehound’s partner organization, Bullfrog Insurance, has written a blog on ways to increase your productivity and quality of life for self-employed people.
May 01, 2017Clausehound’s partner organization, StartupHere Toronto, has announced that the City of Toronto and the Province of Ontario have continued to support startups in Toronto by extending equity-free grants to a number of small businesses.
April 27, 2017Clausehound’s partner organization, StartupHere Toronto, has shared a blog on a Toronto-based DevOps firm and the unique strategy the firm employed to become a leading player in space.
April 27, 2017This article posted on our partner site Mondaq.com states that the Labour Court in Belgium rejected evidence obtained unlawfully by an employer.
April 27, 2017This article posted on our partner site Mondaq discusses the enforceability of Employment Agreements executed shortly after an employee commences work.
April 25, 2017This article posted on our partner site Mondaq.com highlights the major issues in an important patent infringement case relating to the disgorgement of profits in Canada. The Federal Court of Canada found in favour of DOW Chemicals in a case of patent infringement.
April 25, 2017Links from this article: Part 1: Five Reasons Lawyers Need Cloud Computing Part 2: Tech to support your practice – Cloud-based Phone Systems Accounting Contract
[insert page='CTA 1: ACCOUNTING AGR...
April 19, 2017Clausehound’s partner organization, Futurpreneur, offers female entrepreneurs throughout Canada a fantastic opportunity for both membership and mentorship.
April 19, 2017Clausehound’s partner organization, Logojoy, has compiled a list of logo design tips from a number of industry leaders to help improve your company’s branding!
April 13, 2017Landing a huge contract is exciting - and risky! The stakes are high when a large proportion of your business’ resources are dedicated to an important project - especially if the contract is terminated prematurely by the customer.
April 10, 2017Interested in learning how to use one of the newest and coolest technology tools? Clausehound’s partner organization, MyShop Makerspace, is hosting an introduction to 3D printing workshop for all members of the Kitchener community interested in learning the foundations of utilizing 3D printing technologie.
April 10, 2017Clausehound’s partner organization, StartUp HERE, has written a blog about Toronto’s rich entrepreneurial environment and factors that make the city stand out as a place for ‘makers’ to thrive.
April 10, 2017Clausehound’s partner organization, Collage, has written an eye-opening blog on the most common labour infractions in Ontario, as determined by the Ministry of Labour’s ‘Workplace Blitz’ report.
April 07, 2017I recently chatted with some folks at LinkedIn and their messaging around business vision really stuck with me: Create economic opportunity for every member of the global workforce.
April 07, 2017With the help of Multiplicity, a Toronto-based nonprofit that provides education and mentorship to startups (and co-founded by Clausehound.com CEO Rajah Lehal).
April 07, 2017A startup, like any new business, is inherently risky, and you’ll want the venture to be as financially and legally secure as possible. But more than that, it’s kind of your baby. It’s something that you have created, and obviously you don’t want someone taking that away from you.
April 06, 2017Overview of Non-Disclosure Agreement/Confidentiality Agreement
What is this document?
An NDA is a non-disclosure agreement, also known as a confidentiality agreement. The person receiving conf...
April 06, 2017A Software Development Agreement is an agreement between a developer and a customer, where the developer will be developing software for the customer.
April 06, 2017A Referral Agreement is an agreement between companies or individuals who refer potential clients or leads to the other party, in exchange for some form of compensation for the referral.
April 06, 2017Promissory notes can be used whenever one person owes another person money, and the person who is to receive the money wants some security that the money will be paid.
April 03, 2017Clausehound’s partner organization, startGBC, is looking for students to join the Summer Company Entrepreneurship program where they will have the opportunity to get hands-on training, mentoring, and awards of up to $3,000 to start a summer business!
April 03, 2017Clausehound’s partner organization, Futurpreneur, has shared an eye-opening entrepreneurial journey. After immigrating from Turkey to Canada, Onur Arslan continued his studies in film and went on to launch Twisted Frame, a successful digital media agency based out of Toronto.
April 02, 2017Leasing requires more than just a good eye for location. Your professional duties require you to provide competent services. This means you must understand the legal implications of standard terms and how these terms can make or break your client’s business.
April 01, 2017'What if I Can't Deliver on my Contract?' Although they apply in only the most strictly interpreted, limited situations, the doctrine of frustration and force majeure clauses can come to the rescue.
March 30, 2017Often, companies will try to secure a Letter of Intent or Memorandum of Understanding ("LOI/MOI") from a potential contracting counterparty, for the purpose of outlining the high-level terms of a contractual relationship and to help demonstrate the viability of a project.
March 30, 2017Clausehound’s partner organisation, Propel Entrepreneurship, has officially announced their cohort of startups for their Summer Incubator program – PSI!
March 30, 2017A Buy-Sell Agreement, also known as a Shotgun Agreement or a Buyout Agreement, is an agreement between shareholders that enables the shareholders to end their relationship, and is especially useful when they can’t get along any more.
March 30, 2017A Memorandum of Understanding (MOU) is often the first stage in the process of negotiating a formal agreement, and it sets out the main features that the parties understand will be included in their agreement.
Contract Overviews
Memorandum of Understanding - Separation of Business Organizations
March 30, 2017A Business Name Assignment Agreement is a legal document where one party assigns, or transfers, their business name or trademark to another party.
March 30, 2017A Deed of Assignment of Intellectual Property is an agreement between an individual or corporation transferring its intellectual property to another individual or corporation, but signed as a deed.
March 30, 2017A Credit Agreement is a contract made between a borrower and a lender. It establishes how much money the borrower will lend, as well as the terms of the loan.
March 30, 2017A Release and Waiver is a legal document where one party agrees before participating in an athletic/sporting event to waive any present or future claims against the other party.
March 30, 2017A Receipt of Payment and Release of Obligations is a document confirming that a selling party has received payment from a purchasing party in a transaction.
March 30, 2017A Partnership Agreement governs the relationship between two or more partners in a venture. It establishes the rules of the partnership and governs each party’s responsibilities to the business and to other partners.
March 30, 2017A Bill of Sale is a legal document that records that the seller sold specific property on a specific date to the buyer. It is proof that the property was transferred from the seller to the buyer.
March 30, 2017An Accounting Agreement is an agreement between an individual and an accountant, where the accountant agrees to provide tax filing services for personal or corporate taxes.
March 30, 2017The Consent to Assignment of Lease and Amendment of Lease is an agreement between a landlord, a tenant, and the person to whom the tenant wishes to assign the lease.
Contract Overviews
Consent to Assignment of Lease and Amendment of Lease
March 30, 2017A Share Buyback Notice is a notice to a corporation that a shareholder is transferring shares of the corporation to the corporation for a stated price (the share buyback amount) under a Share Buyback Agreement.
March 30, 2017This is an agreement between a vendor/seller and a purchaser which sets out the terms and conditions relating to the purchase and sale of a company’s assets.
March 30, 2017A Share Split Agreement enables a corporation to enact a share/stock split that results in the overall number of issued shares being increased.
March 30, 2017An Intellectual Property License Agreement (IP License Agreement) is an agreement where a company or individual agrees to license certain intellectual property to another party.
March 30, 2017A Resignation, Release and Waiver is a legal document where one party agrees to resign from their position, and waive any present or future claims against the other party.
March 30, 2017A Marketing and Collaboration Agreement is an agreement between two organizations where the organizations agree to enter into a cross-promotional relationship for the purpose of mutual benefit.
March 30, 2017A Voting Trust transfers to a Trustee the legal right to attend shareholders meetings and vote the shares that are subject to the trust. The Trust is usually for a specified amount of time.
March 30, 2017This corporate by-law, often referred to as “By-Law No. 2”, is a by-law that is approved by the directors and shareholders of the corporation once the entity has been incorporated.
March 30, 2017This corporate by-law, often referred to as “By-Law No. 1”, is a by-law that is approved by the directors and shareholders of the corporation once the entity has been incorporated.
March 30, 2017A Bulk Sales Affidavit is a document required by the Bulk Sales Act (Ontario). The purpose of the Bulk Sales Act is to protect creditor...
March 30, 2017An Agreement to Terminate is a document in which parties to a previous agreement agree that the previous agreement is to be terminated and be of no further force and effect.
March 30, 2017A Leave of Absence Agreement is an agreement between an employee and employer, where the employer agrees to permit the employee to take a temporary leave of absence.
March 30, 2017This document can be used by companies that would like a policy in place to handle workplace harassment. It outlines what constitutes harassment, and employee and supervisor responsibilities if they see or are subject to harassment.
March 30, 2017This document is used by a lawyer to establish a lawyer-client relationship with his or her client. It outlines the relationship between the lawyer and client, the scope of the work and information about pricing.
March 30, 2017This document is a notice to both parties involved in a dispute that a mandatory mediation session will be occurring at a certain time and place.
March 30, 2017A share subscription agreement is the purchase agreement between a company and an investor when the company issues shares to the investor.
March 30, 2017The Commercial Sublease is an agreement between a tenant (who is leasing the commercial property) and the person who wishes to sublet the property from the original tenant.
March 30, 2017An Offer to Lease is a binding document that outlines and confirms certain terms and conditions before the parties enter into a formal Commercial Lease.
March 30, 2017A Commercial Lease is an agreement where a commercial tenant agrees to rent property from a commercial landlord for a specified fee, purpose, and duration of time.
March 30, 2017A Closing Agenda is a document that is often used in order to structure a transaction. It works as a checklist to determine what steps and documents are required in order to close the transaction.
March 30, 2017A Joint Venture Agreement is a document that is signed by two or more persons that wish to enter into a joint venture. The document specifies what the roles and responsibilities are of each party, as well as what the hoals of the venture are.
March 30, 2017A Letter of Intent (often referred to as an LOI) or an Investor Term Sheet is a document that is often used between a potential investor and a company to settle the material terms and conditions of an investment.
March 30, 2017Minutes of a Shareholder Meeting is a document that records who was present at the shareholders’ meeting, and what happened during the meeting.
March 30, 2017The purpose of an Employee Stock Option Plan (ESOP) is to enable the corporation to grant stock options to its directors, officers, employees and consultants (the “participants”).
March 30, 2017Director Resolutions are decisions made by the directors of the corporation. These resolutions relate to managing the corporation and include decisions such as issuing shares, appointing officers, financial matters and approving major agreements entered into by the corporation.
March 30, 2017This Standard Disclaimer Language is intended to protect a company from liability for injuries or loss sustained by a guest participating in a company activity.
March 30, 2017Various websites/apps facilitate transactions between the website’s subscribers and participating merchants. The Merchant Terms of Use/Merchant Agreement (MTOU) is the agreement that governs the relationship between the merchant and the website/app.
March 30, 2017An Event Photography Agreement is an agreement used between a photographer (or photography company and their photographers) and the client who has hired them to take photos.
March 30, 2017A Share Transfer Agreement is an agreement that transfers shares from the vendor, to a purchaser corporation in exchange for shares in the purchaser corporation.
March 30, 2017A General Security Agreement (GSA) creates a security interest in the personal property of a debtor, and is used to give security for a loan.
March 30, 2017‘Dispute resolution’ refers to the process by which disputes are to be resolved between parties to an agreement. The two basic approaches to resolving disputes are the court system, and mediation/arbitration.
March 30, 2017An IP Release Agreement is an agreement where a person (the ‘Releasor’) releases all claims it might have in relation to the intellectual property described in the agreement.
March 30, 2017A Consulting Agreement (also known as a Contractor Agreement) is used to establish the terms and conditions of the service relationship between a company and an individual or another company.
March 30, 2017A Share Transfer Agreement is an agreement that transfers shares from the vendor, to a purchaser corporation in exchange for shares in the purchaser corporation.
March 28, 2017Clausehound’s partner organization, Propel Entrepreneurship, has shared a feature on one of their fantastic student-run startups based at Western University. North In Focus, a startup founded by students Gabrielle Foss and Patrick Hickey, is a completely student-run organization that aims to promote mental health in Canada’s North through youth-oriented workshops.
March 28, 2017Clausehound’s partner organisation, Collage HR, has shared an insightful article on how employers should react when job applicants inquire about salary early in the recruiting process.
March 24, 2017Clausehound’s partner organisation, Propel Entrepreneurship, has shared an interesting entrepreneurship story of one of their community members, Jenny Jay.
March 24, 2017Clausehound’s partner organisation, HackerNest, has written an excellent article on their efforts to raise awareness and create technology solutions to support individuals suffering from dementia.
March 23, 2017Clausehound’s partner organization, MyShop Makerspace located in Kitchener, Ontario, has released an engaging advertisement showcasing the opportunities available at their state-of-the-art facility.
March 23, 2017Managing the Registers starts with Approving the Form of the Share Certificates. Conventionally, a sample of each share certificate to be used for each class of share is prepared, the word 'SAMPLE' is printed on its face and the certificate is inserted into the corporation's minute book. The directors must then approve the form of the share certificates in a resolution.
March 23, 2017Appointment of Officers: Directors appoint the officers, who are responsible for managing the day to day business of the corporation. An officer can also be a director of the corporation and can be paid a salary for the work done as an officer.
March 23, 2017The CBCA requires that the directors of a corporation call the first annual general meeting (an “AGM”) no later than eighteen (18) months after incorporation.
March 23, 2017Clausehound’s partner organization, CPDonline.com, will be hosting an event for small business CFOs and finance professionals focused on common legal issues that can arise over the course of business operations.
March 23, 2017The by-laws of a corporation govern its day-to-day activities. The by-laws must be approved by a resolution of the board of directors. As soon as the resolution is adopted, the by-laws come into effect.
March 23, 2017Properly maintaining a corporation’s minute book is crucial for all businesses. The corporation’s minute book includes the fundamental documents required for a corporation to maintain its status with governmental agencies, raise capital, enable important actions (such as the corporation taking on debt), or selling the business.
March 23, 2017The Corporate Minute Book is a collection of documents that forms the official record of the activities of the corporation, beginning at incorporation.
March 23, 2017A Distribution Agreement is an agreement between a supplier of goods and distributor of goods where the distributor sells the supplier’s product.
March 23, 2017Trust is a big part of any deal, and a situation where you’ve been hired and promised shares but never received any is a major breach of that trust. But does that trust translate into something legally binding, that when broken, gives you options for legal action?
March 23, 2017This article posted on our partner site Mondaq.com reveals the limited applicability of the common interest doctrine, which protects parties' express agreement to shield their communications.
March 22, 2017Prior to sending your drafted agreement to a counterparty of executing the agreement, it is important to thoroughly review the agreement for both content and form. These are some of the key items that...
March 21, 2017Links from this article: City of Toronto Launching Civic Innovation Office to Procure Tech Solutions for City Problems
Clausehound’s partner...
March 21, 2017Links from this article: Lawyering in the 21st Century
Clausehound.com was created out of a desire to change how legal services are provided...
March 21, 2017Links from this article: NAFTA Tweaks And Your Business
'Clausehound’s partner organisation, Bullfrog Insurance, has written an overview the...
March 16, 2017This article posted on our partner site Mondaq.com discusses an Alberta case to illustrate that Court's will enforce written agreements even where both parties have ignored the written agreement.
March 09, 2017Sniffing out awesome startup events, we’re venturing out of the doghouse to check out the 4th annual Access to Justice Symposium hosted by Western University on March 24, 2017!
March 03, 2017Do you sometimes feel like your job is repetitively getting more boring? In my years of working in big business, the snails pace of decision-making combined with rigidity around roles and responsibilities were difficult to bear. If you feel the same way now, here's a suggestion: don’t quit your job and remortgage your house to start a business (just yet).
February 28, 2017Serial entrepreneurs are constantly coming up with the ‘next big idea’. During the excitement of starting the process of building a business, incorporating might not be the first thing on an entrepreneur’s mind.
February 24, 2017Sniffing out awesome startup events, we’re venturing out of the doghouse to check out Enterprise Toronto’s 2017 Small Business Money Forum in Toronto on March 7th!
February 24, 2017If you are starting your own business, you need to protect your intellectual property to avoid someone else using your hard work in a different market. But what if you come up with an idea while working on a different project?
February 20, 2017This article posted on our partner site Mondaq.com states that it is now possible to incorporate a company with equity and with reduced costs and fees via an alternative structure to the ordinary Limited Liability Company.
February 17, 2017This article posted on our partner site Mondaq.com discusses the procedure, documents and eligibility requirements to incorporate a company in Nigeria.
February 15, 2017Sniffing out awesome startup events, we’re venturing out of the doghouse to check out StartupTech Unleashed’s roadshows in Toronto on February 27th and in Waterloo on February 28th!
February 07, 2017Are you interested in incorporating your business? Let Clausehound.com usher you through the process and ensure that you and your business are properly protected.
February 06, 2017It is helpful to design formal testing criteria for both the vendor and customer during negotiations of the MSA. This allows the vendor to know what to test for before sending it in for acceptance. This also saves time on behalf of the customer.
February 02, 2017This article posted on our partner site Mondaq.com discusses the importance of executing Intellectual Property assignment agreements when companies collaborate on research projects.
February 02, 2017Sniffing out awesome startup events, we’re venturing out of the doghouse to check out HACKJUSTICE’s two day ‘hackathon’ taking place on February 3rd and 4th. The hackathon will bring together legal professionals, students, computer scientists, members of the public, and professionals of various disciplines to code and create technology applications that will improve access to justice.
January 27, 2017What Legal Steps You Need To Go Through In Order To Start A Business? They all come down to one thing: Making sure you have the right contracts in place.
January 26, 2017This article posted on our partner site Mondaq.com looks at case law to show that if a contract does not include an entire agreement clause, materials other than the contract (e.g., emails) can be construed by the courts as part of the agreement and factor into the case at hand.
January 20, 2017Links from this article:SourceMorning ConsultRasmussenhere’s a quick rundownAbout a week ago, the Federal Bureau of Investigation announced that it would no...
January 19, 2017This article posted on our partner site Mondaq.com discusses how the SBA issued proposed rules that would establish a government-wide mentor-protege program for all small business types.
January 16, 2017Links from this article:Clausehound.comevent pagepromo video
Sniffing out awesome startup events, we’re venturing out of the doghouse to check out...
January 16, 2017This article posted on our partner site Mondaq.com discusses an ongoing patent battle between the University of California and the Broad Institute over the control of patent rights related to a revolutionary gene editing technology.
January 13, 2017When signing a non-disclosure agreement, the benefits of including a term clause (i.e., end of the contractual obligations) depend on whether you are more likely to be disclosing or receiving confidential information.
January 13, 2017This article discusses the highly debated topic of unpaid interns and the strict regulations imposed by the Ontario government for unpaid interns.
January 12, 2017The vendor (consultant, developer, etc.) in an MSA will want the customer to agree on certain obligations and responsibilities during the course of the agreement. This is important since it ensures that a vendor will not fail to meet deadlines due to customers not replying or providing the necessary information.
January 10, 2017You had a brilliant idea, set up your company, and now it’s finally time to make your dreams a reality and bring your product to life! When hiring a developer to help build your software or mobile application, it is important to take the time to agree on several points.
January 09, 2017We wanted to share with you the news of our community partnership with Lighthouse Labs' HTML500, and an interview with Johnny Hsiao, who we have recruited to Clausehound.com from the Lighthouse Labs program!
January 09, 2017There are numerous stories that can be found on the internet about people requesting to be reimbursed for coffee or a drink upon being turned down for a second date. While these are light-hearted examples of slightly eccentric dating behaviour, the stories are actually a real-world manifestation of a legal issue—namely, when is a contract valid and enforceable?
January 05, 2017 Be it resolved that I will go with the flow. Be it resolved that I will let myself be open to the chaos. Be it resolved that 2017 will be the breakthrough year for my beloved Clausehound.
January 05, 2017This article posted on our partner site Mondaq.com explores the doctrine of good faith and how parties may achieve some measure of certainty as to how it might apply in a legal landscape in which the doctrine is not defined in statute nor applied according to a consistent test in common law.
December 23, 2016Breakfast is the most important meal of the day, but you’ve probably never heard of your morning bowl of cereal 'serving up bigotry at your breakfast table'.
December 22, 2016Are you starting or growing your business? Clausehound.com is passionate about connecting budding entrepreneurs with valuable resources that will help realize their business dreams.
December 05, 2016An MSA allows for the two parties to quickly renegotiate future transactions or agreements since they can rely on the terms of the existing master agreement.
December 01, 2016This article posted on our partner site Mondaq.com looks at case law to show how in some instances indemnification can be argued as a party waiving its right to limit its liability.
November 25, 2016Toronto’s Yorkdale Shopping Centre (“Yorkdale”) has forever changed the way we visualize Santa Claus. The latter and Paul Mason are fighting over the ‘Fashion Santa’ brand that both parties took part in making a success.
November 25, 2016As I start to pack my bag for the SAAS North conference in Ottawa, here are four reasons that I choose SAAS (software as a service) applications (apps) over traditional services!
November 21, 2016This article posted on our partner site Mondaq.com provides an overview of ten intellectual property issues that should be addressed in technology sector mergers & acquisitions transactions.
November 21, 2016This article posted on our partner site Mondaq.com stresses the importance of determining ownership of Intellectual Property (IP) within a contract when dealing with independent contractors.
November 15, 2016Links from this article:Canadian Innovation Exchange 2016ZoomCIXI’ve been writing a series of regular articles on things I find super-efficient and wonderfu...
November 15, 2016This post is to inform our readers that Clausehound.com will be featured at the Canadian Innovation Exchange (CIX) on November 22, 2016 hosted by MaRS Discovery District.
November 15, 2016We took our eye off the ball. I’m writing, of course, about the current political turmoil south of the Canadian border in the United States and its ripple effect felt around the world. How can I/we get from individual-thinking and into a social consciousness?
November 15, 2016This article posted on our partner site Mondaq.com outlines a recent Alberta Court of Appeal decision involving an entire agreement clause.
November 13, 2016This article discusses the Esso Petroleum Co Ltd. v Mardon, in a case which exemplifies that if an expert negligently gives unsound advice or misleading information to induce another party to enter into a contract, that expert is liable for any damages that resulted from their advice.
November 08, 2016On November 14, 2016, Rajah Lehal, Founder and CEO of Clausehound, will be hosting a legal Webinar on the topic of hiring contract employees in the context of operating a social enterprise.
November 08, 2016Once the engagement commences, invoicing made by the vendor in a Master Services Agreement (MSA) is particularly important as it can be a form of control by the customer. If the MSA includes milestones for which invoices are submitted, the customer may require that the contractor can only provide invoices for approved or accepted work products.
November 07, 2016 Discussion: In 1200757 Ontario Ltd. v. Ontario (Minister of Finance) (2011, Ont SC), prepayments under a guaranteed power purchase agreement by Onta...
November 04, 2016This post is to inform our readers that Clausehound.com will be featured at the Legal Innovation Zone's Industry Night on November 9, 2016.
November 04, 2016This article posted on our partner site Mondaq.com highlights the benefits and advantages of incorporating in Panama, including tax benefits, less strict meeting requirements, and the free movement of funds absent in a bi-lateral agreement.
November 01, 2016Register here using the discount code SAASPASS prior to November 30 deadline and receive a two free months of access, $10 per month thereafter. Clausehound celebrates its collaboration with SAAS NORTH, taking place Nov 30 - Dec 1 with this offering.
October 27, 2016The purpose of the Municipal Conflict of Interest Act (the Act) is to prohibit members of councils and local boards from engaging in the decision-making process in respect to matters in which they have a personal economic interest.
October 27, 2016Discussion: Sikh Cultural Society of Metropolitan Windsor et al v Kooner et al (2011, Ont SC) is relevant for highlighting the significance of an organization's bylaws as well as the process for organizing board meetings.
October 27, 2016This was an appeal of two orders of the Divisional Court declaring that the provisions in the Drug Interchangeability and Dispensing Fee Act (the DIDFA) and the Ontario Drug Benefits Act (the ODBA) that attempted to ban pharmacies from selling private label generic drugs, were ultra vires and of no force and effect.
October 27, 2016This was an appeal of two orders of the Divisional Court declaring that the provisions in the Drug Interchangeability and Dispensing Fee Act (the DIDFAâ) and the Ontario Drug Benefits Act (the ODBA) that attempted to ban pharmacies from selling private label generic drugs, were ultra vires and of no force and effect.
October 27, 2016Generally, when a signor signs a contract, they are bound by it. However, courts have created exceptions to set aside a contract if they are unconscionable (when there is unequal bargaining power between the contracting parties).
October 27, 2016There is likely no need for a waiver in situations where implied consent exists. Implied consent exists when there are known risks. For example, in sporting events, there is implied consent for ordina...
October 27, 2016In the event of a medical emergency, the consent of the patient is not required when the doctor believes the treatment is necessary. For example, in M...
October 27, 2016Ensure that you have understood all the rules, regulations, statues, and law that apply to your business before entering into any contracts. Hire counsel if necessary.
October 27, 2016When drafting a work related contract, ensure that payment due for the completion of the task, as well as payment due for partial completion of the task is included and specify the degree of completion for each respective payment amount.
October 27, 2016When an individual makes statements that have the purpose of inducing an individual to enter into a contract, then a representation (a convincing statement) and possibly a warranty (a guarantee of a period of fitness, or some other quantity) will exist. The statements that are made when negotiating a contract are legally binding.
October 27, 2016Information within a manufacturer's brochure can act as a warranty. In several scenarios, the manufacturer will not be a party to the written contract; however, if the manufacturer publishes a brochure that includes information on a product that is then sold by a seller, that brochure is intended to be a sales tool, and the information within the brochure can be treated as a representation.
October 27, 2016When entering into an agreement, ensure that your understanding of the agreement is in line with the understanding that a reasonable person would have.
October 27, 2016To avoid confusion, stipulate the date the agreement is to take effect into the agreement. It should also be indicated that this is the date that will be used to determine the price of the stock option.
October 27, 2016If a bank has an automatic exercise of options program, they may be able to evade the insider reporting requirements (section 91 of the Securities Act) in respect to the sale of common shares of the bank to employees.
October 27, 2016In the company's articles, explicitly provide which class of shares is to be issued under the Employee Stock Option Plan (ESOP). Also, ensure that redemption rules for all classes of shares are clearly stipulated.
October 27, 2016When issuing an ESOP, ensure that the proper consideration (money, property, or past services) is received and recorded. Even if the ESOP is issued on the basis of a loan provision, consideration must be received from the registered owner of the ESOP.
October 27, 2016Ensure employees have sufficient knowledge about a mandatory Employee Stock Option Plans (ESOP). If the ESOP becomes mandatory, ensure that employees are given sufficient notice and are well aware of this change.
October 27, 2016When creating a privacy policy, ensure that all information is in one format and that the document is clear, accurate, and readily available. A complaint was filed against Bell Sympatico (Bell) about...
October 27, 2016Part 4 of 4 of Canadian Articles of Incorporation: The importance of strategically selecting the number and attributes of your business’ director(s).
October 27, 2016Related amendments to the Competition Act and PIPEDA are enforced by the Competition Bureau and the Office of the Privacy Commissioner of Canada (OPC) respectively. The Competition Bureau is an indepe...
October 27, 2016CASL should not be taken lightly as, in addition to the broad application of the Act, there are considerable penalties for violations of its provisions. If you are a corporation, the CRTC will have th...
October 27, 2016Part 3 of 4 of Canadian Articles of Incorporation: There are multiple considerations that an entrepreneur must take when selecting their business’ official name.
October 27, 2016CEMs, in the context of CASL, include any message sent by means of telecommunication, including text, sound, voice, and/or image message...
October 27, 2016Part 2 of 4 of Canadian Articles of Incorporation: The next factor to consider is what the entrepreneur wants to achieve through their articles of incorporation.
October 27, 2016Sending a CEM to an email obtained through a social networking web page is permissible under CASL. An email displayed on a social networking site would be considered a conspicuous publication, and CEM...
October 27, 2016Part 1 of 4 of Canadian Articles of Incorporation: Incorporating a business can be one of the most important decisions any entrepreneur makes in establishing their business and it is usually one of the first decisions they have to make.
October 27, 2016It is important to understand how to properly construct a CEM that complies with the regulations outlined within CASL. The construction of CEMs that violate any of the conditions in CASL has the poten...
October 27, 2016Although a corporation is a separate legal entity, a corporation can be held liable for the actions of its directors/officers in some circumstances.
IMPLIED AUTHORIZATION TO BIND THE COMPANY. A co...
October 27, 2016On October 18, 2013 key elements of the Canada - European Union Comprehensive Economic and Trade Agreement (CETA) were agreed on by Canada and European Union representatives. The finalization of CETA...
October 27, 2016Privacy policies of popular websites have most captivated the media and the public’s attention.
Google’s privacy policy has caused the most cont...
October 26, 2016When two or more parties enter into a contract, which is subsequently broken, the parties that were not responsible for breaking the contract may be entitled to damages resulting from the expenditures incurred after the formation of the contract as well as the expenditures incurred in negotiating the contract.
October 26, 2016When drafting a work related contract, ensure that payment due for the completion of the task, as well as payment due for partial completion of the task is included and specify the degree of completion for each respective payment amount.
October 26, 2016Disgorment damages are intended to strip the defendant of any benefits they obtained as a result of their wrong doing. As such, even if the plaintiff...
October 26, 2016Discussion: In the sale of a business, the agreement of the vendor not to compete may be part of the consideration by agreeing to acquire the business.
October 26, 2016Discussion: Stekel v. Toyota Canada Inc (2011 Ont SC) emphasizes the importance of knowing who your counterparty is, in the event that you decide to litigate. Although the plaintiff, in this case, was...
October 26, 2016A party can waive the strict language of a contract where, by its actions or representations, it leads the other to believe that those contractual rights will not be enforced.
October 26, 2016When drafting a limitation of liability clause, ensure that all persons who may be covered by the liability exemption clause are included and specify the degree of coverage.
October 26, 2016In Re Temple (2012, Ont SC), the applicant lent money to Temple (an individual) in 2005. The debt was due in 2006, and the last payment was made in November 2007. The applicant brought an application...
October 26, 2016Generally, when a signor signs a contract, they are bound by it. However, courts have created exceptions to set aside a contract if they are unconscionable (when there is unequal bargaining power between the contracting parties).
October 26, 2016The signer has the responsibility of knowing the terms of the contract(s) and carefully signing. The court will not support any carelessness.
October 19, 2016Links from this article:X MovementDeena Douara Karim X Movement aims to energize schools through Aussie sports, proactive engagement, and a s...
October 18, 2016Links from this article:Accelerator$10 per monthClausehound is excited to announce its collaboration with Downtown Windsor Business Accelerator in p...
October 16, 2016On October 28, 2016, between 12:00-5:30 PM, Clausehound.com will be featured at the Toronto Tech Summit located at the St. Lawrence Centre for the Arts. We’re celebrating new achievements and want to offer you some appealing incentives.
October 13, 2016Links from this article:membershiphereClausehound.com is very excited to have joined forces with Project Spaces, a fantastic and reputable co-workin...
October 13, 2016Rajah Lehal, Founder and CEO of Clausehound is speaking today at the Ted Rogers School of Management on Clausehound. He will also be discussing his journey as an entrepreneur.
October 12, 2016Some say you don’t become an entrepreneur - you’re born an entrepreneur, but I certainly didn’t start my career as one. After a dozen years climbing the monkey bars of large organizations, I traded my corporate attire for an irregular paycheck, uncertainty, doubt and worry. This week I was asked to speak to a class of students on my journey in starting a new business and so I sat back and thought about the steps that I took that brought me here.
October 11, 2016Clausehound is an active contributor to the Multiplicity Media Small Business Community, and Rajah Lehal, Founder of Clausehound is also the Co-Founder of Multiplicity.
October 07, 2016This article posted on our partner site Mondaq.com addresses how small businesses can prevent losing contracts with government agencies when they are affiliated with a larger firm.
October 05, 2016October 4, 2016 Toronto, ON
Clausehound.com and Propel have joined forces to promote business innovation and growth! Many budding entrepreneurs...
October 04, 2016This post is to remind subscribers that on October 25, 2016, between 9:00 AM - 4:00 PM, Clausehound.com will be featured at Enterprise Toronto’s Small Business Forum located at the Toronto Metro Convention Centre.
October 03, 2016Links from this article:hereSUCCESS FEES AND DISCOUNTS Fees discounts and/or success fees may be applied and this can either be formalized or discretionary. Other forms of compensation levers in an MSA are rate card, fees for onboarding replacement staff, and research tax credits.