by John M. Figol | Oct 19, 2020 | Corporation, Dealings with Shareholders, General
There are many reasons for issuing non-voting shares: incentivizing employees with equity, issuing shares to family members, or capital raising through crowdfunding campaigns. In most cases, these reasons are balanced with a founder’s desire to maintain control over...
by Glenn M. Rumbell | Mar 26, 2020 | Contracts & Drafting, General
The Covid-19 pandemic and government mandated shutdowns are slowing down and even putting many businesses, perhaps yours included, on hold. At the same time, there are employees, rent and suppliers to be paid, and customer commitments to be met. A sudden decline in...
by Glenn M. Rumbell | Jun 25, 2019 | General, Lending & Borrowing, Purchase and Sale of a Business
For some companies the most important term in a term sheet is valuation. And that makes sense. When raising capital the higher the valuation on your business, the more you keep. But a high valuation, or perhaps more accurately an overly aggressive valuation, can be...
by Glenn M. Rumbell | Jun 25, 2019 | Directors & Officers, General
I don’t know if you follow enforcement of the Canada’s Anti-Spam Legislation (commonly known as CASL) but if you don’t and you are an officer or director of a company that sends commercial electronic messages — read on. In a recent decision the CRTC, for the first...
by John M. Figol | Feb 1, 2019 | Corporation, Directors & Officers, General
So, you’re going to be a director of a corporation? Make sure you understand the liability that you may expose yourself to, personally. Directors manage and supervise the business and affairs of a corporation. As part of this duty, a director has a fiduciary duty to...
by Glenn M. Rumbell | Jan 1, 2019 | Contracts & Drafting, General, Intellectual Property
Did you feel the earth move January 1, 2019? If you are an aficionado of privacy rights in Canada, you just may have. Starting January 1, 2019, the Office of the Privacy Commissioner of Canada (OPC) commenced enforcement of its meaningful consent guidelines, first...
