Canada: Legal Aspects Of Starting A Business: Quick Tips!

Last Updated: April 15 2013
Article by Cam Cameron

Technology startups need to know how to raise capital, protect their inventions, access government technology support programs, develop commercialization strategies, and navigate federal and provincial legislation and regulations. To help answer some of those questions, Gowlings participated in a tweet chat with Startup Canada. Here is a summary of the key tips to consider:

What are the basic legal issues that all entrepreneurs should know about?

Starting with an entrepreneur's bright idea, or a product from an early-stage company, entrepreneurs need to protect their invention, learn how to commercialize their product and look for help with funding for growth.

Quick tips:

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From liens to holdbacks, to payment timing, trust obligations and dispute resolution, the new Act will dramatically alter the act and the industry — so much so that it will virtually create a new Act all together.

 
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