Understanding SAFEs: Simplified Agreements for Future Equity
Simple Agreements for Future Equity (SAFEs) are becoming increasingly popular as a funding mechanism for startups and high-growth companies. However, despite their name, SAFEs are not necessarily simple. While they provide a quick way to raise capital, their terms can be complex, often leaving important
Best Law Firms Canada - Corporate Law, Technology Law & Intellectual Property Law
Nominated Best Law Firms Canada - Corporate Law, Technology Law and Intellectual Property Law
Proceed with Caution: Using ChatGPT in Legal Matters – A Client's Guide
In an era where technology intersects with every aspect of our lives, it's tempting to explore innovative tools to simplify complex tasks. One such tool gaining popularity is ChatGPT, an advanced language model designed to generate human-like text. While ChatGPT can offer assistance in various domains, it's crucial for clients to exercise caution when considering its use in legal matters. In this blog, we highlight the potential pitfalls and offer guidance on how clients can navigate the intersection of AI and legal services responsibly.
Structuring Your Tech Startup
What should the initial capital structure look like?
Types of Shares in a Corporation: A corporation can have one or more classes of shares. In Canada, when there is only one class of shares, it must include certain rights, such as the right to vote, receive dividends, and claim remaining assets upon dissolution. Additional classes of shares, like preference or preferred shares, may be created to attract specific types of investors, offering them different rights.