Canadian Startup and Video Game Law Blog
Startup and video game law, from a Canadian and U.S. perspective
Categories
Founder Leaving the Company
While founders embark on the journey of launching a company with an abundance of optimism it may be the case that their relationship does not last as long as the company, leading to the question of how to handle a founder leaving the company? This situation goes one of two ways: (1) the company and...
When Non-Voting Shares CAN Vote
I frequently encounter a misconception that non-voting shares in British Columbia companies do not have a right to vote. Unfortunately, this is not the case as, in certain circumstances, non-voting shares DO have voting rights. The obvious circumstances where non-voting shareholders can exercise a right to vote are, for example, alterations to company articles that impact...
Startup Shareholders’ Agreement: Should I have a Shotgun Clause?
Exercise caution when deciding to insert a shotgun clause into your Shareholders’ Agreement. Often, for startups, a shotgun clause may do more harm than good. A shotgun clause forces a shareholder out of the company. By exercising the clause, Shareholder 1 forces Shareholder 2 to either: sell all Shareholder 2’s shares to Shareholder 1 at a...