Can You Patent An Idea

A patent is a legal right that allows an inventor to make exclusive use of his work for a designated period of time. In Canada, patents are granted for a term of 20 years from the date they are filed. By acquiring a patent, the creator can protect his invention or design against unwarranted use by other individuals or businesses. Patents secure an inventor’s rights to their creations and are a driving force for advancing innovation in the country.

When it comes to creating new products and technologies, ideas are crucial. Successful businesses are built on innovative ideas. Unfortunately, an idea by itself is not patentable. An idea is not the same thing as an invention. Simply having a brilliant idea without knowing how to create the product or make it work is not enough. You must be able to describe the different components required and how these pieces fit together. It must be something tangible. To patent an invention, you need to file an application with the Canadian Intellectual Property Office (CIPO) and meet their basic criteria for patentability.

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4 Reasons you need a Shareholder Buyout Agreement

Shareholder Buyout Agreements or Sell-Buy agreements are contracts that determine how shares can be sold and bought within the organisation. A buyout agreement regulates whether a departing shareholder’s stocks can be bought, the mode of its purchase, the representative responsible for making the purchase and other conditions that can trigger a similar situation.

These agreements are crucial documents for avoiding shareholders’ conflicts and a situation of crisis in the case a majority shareholder goes bankrupt. However, despite their significance, many companies overlook the filing and amendment of the sell-buy agreements, leading to legal troubles in the future.

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6 Things to Keep in Mind While Drafting Consulting Agreements

Small businesses and start-ups form a big part of the Canadian economy, comprising of over 98% of all employer businesses in the country. A large number of these businesses need and employ the services of consultants. Even larger companies and conglomerates depend on their services for specialised expertise and newer perspective.

Hence, clear and fair consulting agreements are a necessity for individuals as well as consulting firms. A consulting agreement is a contract between a consultant and a client which allows the client to engage services of the former. Stated simply, this contract outlines the terms of the service and makes sure both parties receive the benefits they were employed for.

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5 Legal Mistakes Not-for-Profit Organisations Make

Not-for-Profit or charitable organisations all across the world have done excellent work to reach out to the people in need. From refugee rehabilitation to cancer awareness, charities provide a medium for people to go beyond their means and help others stricken by a crisis. However, despite their noble intentions, sometimes it is these charitable organisations that end up in serious legal conflicts and litigations.

Canada Revenue Agency provides a detailed framework about registration, tax filing and maintenance that not-for-profit organisations can refer to. You can refer an experienced business lawyer to review these guidelines in accordance with your charity.


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Part I: How to Ensure your Business is Compliant

Running a business is no easy task. Businesses have to deal with all kinds of pressures namely, competitors, changing economic environment, market trends, and government policies to survive in the market. There are various policies formulated by the government which businesses have to adhere to. Effective business compliance is key for sustaining your business. As a business owner of a small, medium or large organisation you tend to focus your energies on strategies for business expansion and growth and you barely have the time to keep a track of changing government regulations. This is when hiring a legal expert solves your problem. Legal experts are adept with all the government regulations and their amendments. They are skilled to ensure business compliance.

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