Canada: Attention Business/Legal Editors: Fraser Milner Casgrain Guides Tech Startups to Success with A Practical Legal Guide for Founders, Executives and Investors
Last Updated: July 7 2006

OTTAWA, June 12 /CNW/ - One of the major challenges for technology startup companies is being aware of and understanding the legal issues that can affect the value and operation of their businesses. To help technology startups with this daunting task, Fraser Milner Casgrain LLP (FMC), one of Canada's leading full-service business law firms, has released its latest publication, Technology Startups: A Practical Legal Guide for Founders, Executives and Investors.

Technology Startups is a comprehensive and detailed legal guide written specifically for the founders, executives and investors of technology startups.

"Individuals who found, invest in, and/or lead technology startups are responsible not only for ensuring that the company's products and services meet its customers' needs, they must also understand and address the many legal issues that confront startups in their dealings with other stakeholders such as shareholders, investors, regulators, employees and contractors," said Tom Houston, Managing Partner of FMC's Ottawa office, and Chair of FMC's National Technology Practice Group. "The problem is, until now, there hasn't been a comprehensive guide for founders, executives and investors that explains the major legal issues facing technology startups and that offers practical advice on how to deal with these issues."

Drawing upon FMC's vast experience in advising technology startups and their investors, Technology Startups addresses key topics such as:

  • How duties to previous employers and other persons can stop your business in its tracks
  • The key advantages and disadvantages of incorporating in Canada versus the United States
  • How proper tax planning can reward founders
  • How to structure venture capital financing
  • The most common mistakes when hiring, firing and dealing with employees
  • Understanding the importance of intellectual property rights

"The topics covered in Technology Startups are drawn from FMC's experiences in advising technology companies and their investors in hundreds of financing, M&A and commercial transactions," said Eric Smith, Co-Chair of FMC's Technology Transactions Practice Group and the lawyer who prepared the Technology Startups publication. "Technology Startups deals with those issues that technology startups most often face, including those that commonly 'trip-up' startups at the worst possible times. Technology Startups will help startup companies identify and address many of these 'pit-falls' before they happen; saving them both time and money."

Technology Startups available on FMC's website at www.fmc-law.com/startups.

What others are saying about Technology Startups:

"An excellent resource that covers all the important issues facing an entrepreneur in a clear and articulate manner. This will become a must-read for entrepreneurs within the MaRS environment."

- Dr. Ilse Treurnicht, CEO, MaRS Discovery District

"Fraser Milner Casgrain LLP's new publication, Technology Startups: A Practical Legal Guide for Founders, Executives and Investors, addresses a critical need for entrepreneurs to understand the legal issues that are inherent in operating a technology business. Anyone who has started a technology business, or is considering doing so, should have a copy of Technology Startups."

- David Adderley, Partner and Chief Operating Officer, Celtic House Venture Partners

"Understanding the legal landscape and being able to navigate past potential legal "pit-falls" is critical to managing a successful technology business. As leading and respected advisors to the technology industry, Fraser Milner Casgrain LLP knows this landscape well, and with the publication of Technology Startups provides the technology startup community with an authoritative and invaluable resource."

- Michael Pascoe, CEO, Meriton Networks

"Technology Startups is a concise, practical guide to the complex legal issues facing technology companies and their investors. The publication of this guide further enhances Fraser Milner Casgrain LLP's well-deserved reputation as a leading legal advisor to the venture capital and technology industries."

- Mary Macdonald, past President and CEO of Macdonald & Associates and Vice President, Global Private Equity, at Thomson Financial

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