British Columbia Innovation Council

Did You Know

  • It’s never too early to start establishing an advisory board for your company! Read more

Legal Agreements

In the early stages of a startup company, there are several types of legal agreements that are important to think about. A few of these are listed below:

  1. Employee Agreements
  2. Contractor Agreements
  3. Non-disclosure agreements (NDAs)
  4. Memorandum and Articles: the basic rules that direct how a BC corporation will be governed.
  5. Partnership Agreement: used when two or more individuals collaborate to create a new business partnership or formalize an existing business partnership.

Why are these important?

It is important to clearly set out guidelines regarding rights and restrictions to avoid any future disagreements or problems.
For all legal issues related to agreements and contracts, consult a lawyer.

Employee Agreements

An employment agreement addresses the terms of employment for an employee. This can include the time period of employment, salary and benefits, notice of termination and any other terms agreed upon by the employer and employee. Learn More

Contractor Agreements

An ‘independent contractor' differs from an ‘employee' in that contractors are considered to be self-employed. Learn More

Non-disclosure Agreements (NDAs)

A non-disclosure agreement (NDA) is used for confidentiality purposes when discussing a new idea. Before discussing an innovative idea, consider a NDA to protect it. Learn More