Author page: Thersa Salcedo

Federal vs. Provincial Incorporation

Registering your business is probably one of the biggest considerations that you will have to make. A series of factors go into play when making your decision including the scale of which you’d like to operate your business. If you opt to incorporate your business, the next choice you have to make is whether you’d like to incorporate it federally…

12 Must-Haves for a Residential Tenancy Agreement

Landlords need to prepare a written agreement for every residential tenancy. However, a verbal agreement is still valid and enforceable. It’s also important to note that the standard terms found in the B.C. Residential Tenancy Act (RTA) still applies regardless of whether a written agreement is present. Additional Considerations Paying a security deposit confirms tenancy Tenants and landlords must both…

8 Things to Include in an Employment Contract

Some employees are hired pursuant to a verbal contract of employment. For others, the terms of the contract are set out in a formal written agreement. Written or oral, the agreement between employer and employee is a contract. If some terms of the agreement are uncertain, then basic rights and obligations are implied at law. In addition, all employment agreements…

Key Considerations for a Joint Venture

Joint ventures (JV) are quite common when two or more parties want to start a new project or reach a particular goal. However, prior to entering such an agreement, it’s important that each venturer is protected. By outlining each partner’s expectations in the beginning, they’ll most likely avoid conflict down the road. The goal is to protect each individual’s business…

Non-Compete vs. Non-Disclosure Agreements

Courts are responsible for determining whether non-compete and non-disclosure agreements are enforceable. This is because employee mobility is high with employees seeking different opportunities and consequently, employers seeking security.  In terms of employment, non-compete and non-disclosure agreements are legal instruments that restrict the actions of an employee. These restrictive covenants essentially protect the well-being of a company. For example, former…

COVID-19: The Ins and Outs of Canada’s Emergency Wage Subsidy

Many, if not all, Canadian businesses have been affected by the COVID-19 outbreak. However, Canada introduced the Canada Emergency Wage Subsidy (CEWS) to support employers during these troubling times. In short, this subsidy covers 75% of employee wages for eligible employers. Therefore, if you’re interested in finding out more about CEWS including what it is or whether you’re an eligible…

3 Reasons to Set Up a Trust

When it comes to estate planning, perhaps you’ve heard of or considered setting up a trust. If you’re on the fence about it, read below to get a brief description of the ins and outs of setting up a trust. What is a Trust? Trusts are flexible vehicles for holding and passing on your assets. They ensure that your fortune…

Here’s What You Need to Know about Trademark Registration

In today’s information and technology age, trademarks are becoming increasingly valuable business assets. Trademarks help you succeed in the business world. How do they do this? They help people notice and differentiate your products and services from those of your competitors.  Oftentimes, the trademark registration process can be confusing and difficult to maneuver around. Below, you’ll find a brief overview…