June 18, 2018One 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 employ...
June 18, 2018This article posted to our partner site Mondaq details the essential elements of a shareholders' agreement, which will ultimately be the final product of the term sheet.
June 18, 2018This article posted to our partner site Mondaq illustrates the importance of ensuring that vesting provisions do not create a conflict of interest.
June 18, 2018This article discusses the legal risks associated with letters of intent or term sheets, namely, that they can be found to be a binding agreement between the parties.
June 18, 2018This article discusses a case in which the Court of Queen's Bench of Alberta found that a cover letter and term sheet between the two parties constituted a bindind agreement.
March 09, 2018Every start-up founder should have a basic grasp of some of the ways they can secure financing for their company, so to that end let's take a crash course on some familiar and some not-so-familiar ways to raise money.
November 10, 2017This article posted on our partner site Mondaq.com examines the surprising decision in IHAG-Holding, A.G. v. Intrawest Corporation, where the terms of a letter of intent were enforced instead of the terms contained in the definitive agreement.
November 09, 2017This article considers a parties obligation to reach a definitive agreement despite a letter of intent (LOI) that states that the intent was non-binding.
November 09, 2017This article posted on our partner site Mondaq.com explores the nature of transaction letters of intent or (LOI's). An LOI is typically used as the first step of a deal and should briefly outline the key elements of the proposed transaction.
November 03, 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.
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.
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.
September 09, 2016When entering into an important contract, take the time to discuss with your business partners, advisors and legal counsel, to make sure that you are clear about your opportunities and risks. In this article, we describe four simple steps to follow to make sure that your interests are protected when negotiating an agreement.
October 28, 2015A Unanimous Shareholder Agreement is sensible when there are a small number of shareholders, however as a company start to grow, decision making will start to occur not by shareholder decision but instead, at a meeting of the board of directors
July 17, 2015When subscribing to shares of a company, consider negotiating an anti-dilution provision in your subscription agreement to avoid having your equity holding in the company significantly diluted.
March 17, 2014When raising money in Ontario or anywhere in Canada for your startup company, you fall under the scrutiny of the rules of the Securities Act and related National Instruments that set the rules on the nature and type of disclosure that you need to provide to your potential investors.
September 30, 2013In this article, we describe four (4) simple steps to follow to make sure that your interests are protected when drafting a term sheet.