Starting and running your own technology company can be an exhilarating experience – you get to be your own boss and have a direct impact on the evolution of your business. This autonomy comes with an increase in responsibility that can sometimes prove daunting, especially when it comes to the laws and regulations surrounding many business decisions that must be made. You may be wondering whether it’s the right time to incorporate your business or preferable to carry-on as a sole proprietor. If you’re starting your business with one or more partners, you may wonder how to create a clear, comprehensive shareholder agreement that governs and protects your business as well as your relationships. You may also be thinking about ways to raise capital from investors or friends and family, while providing something in return for their valuable investment.
Whether you’re just starting out with a new idea or are already an established player in the industry, our technology law lawyers work hand-in-hand with entrepreneurs and startups from the initial organization and structuring of the company, to the handling of investor-related documents, to preparing the company for a public listing. We have extensive experience guiding start-ups seeking accredited or venture capital (VC) investment, and can provide advice on all matters related to the managing of your company efficiently and cost-effectively, helping you ensure the success of your business.
We have experience with many different types of technology startups including mobile app development (iPhone/Android), gaming development technology, SaaS (software-as-a-service) platform providers, software developers and web hosting providers. We have developed relationships with local technology incubators and accelerators to better understand the local Vancouver startup ecosystem and provide local and international insights into your business.
Our services include:
- Organizing and incorporating your corporation with a structure that makes it easier to attract capital
- Drafting terms of service, acceptable use and privacy policies
- Creating license agreements for licensing your technology to third-parties for their own use
- Preparing software development agreements to govern the relationship with your software developer
- Advising on employment issues and agreements
- Reviewing and drafting investor-related documents, such as convertible promissory notes, subscription agreements and term sheets
- Negotiating and drafting shareholder agreements
- Assisting with e-commerce needs and Canada’s Anti-Spam Legislation (CASL) compliance
We also provide a technology start-up package, available to qualified individuals, that includes a valuable wealth of tools and services designed to accelerate the transformation of your idea or early stage start-up into a viable business – all at manageable cost.
Our tech start-up package includes the following documents and services:
- Initial consultation with the client and receipt of instructions
- Incorporation and organization of a new British Columbia corporation (with name reservation and our firm standard 7 classes of share structure)
- Up to 3 hours of time consulting and/or providing customized document preparation with an intermediate associate lawyer and 1 hour with a senior lawyer for the first 12 months of our retainer with the client
- Access to and use of the following documents for the first 12 months of our retainer:
- Annotated unanimous shareholders’ agreement for two individual shareholders
- Independent contractor agreement
- Employment agreement
- Subscription agreement (for use by Accredited Investors and by Friends, Family and Business Associates in BC, Alberta, Ontario)
- Commercial mutual non-disclosure (NDA) agreement
- Commercial one-way non-disclosure (NDA) agreement
- Services agreement
- Demand Promissory Note (non-interest bearing)