What is Intellectual Property and Why is IP Important to a Business?

what is intellectual property

By Dawn Wattie, Surrey Business Lawyer Intellectual Property (IP) is slightly irregular in a legal sense because, as a whole, it is often defined by its individual components’ legal rights - such as copyright, trademark, patent, industrial design, plant breeders’ rights and trade secrets. In Canada, all the intellectual property rights have individual acts (laws created by government) with the exception of “trade secrets” which is defined by common law (laws created by judges). Intellectual Property is also very unique because of the jurisdictional paradox it can create - … [Read more...]

Setting Up a Business in British Columbia

setting up a business in british columbia

By Dawn Wattie, Surrey Business Lawyer Structuring a business is the first major decision for an entrepreneur starting a new enterprise. The nature, size and complexity of the venture will often determine your choice of entity structure. Often, an initial consultation with counsel is helpful at this stage. There are four types of business structures available in British Columbia*: Sole Proprietorship General Partnership Limited Liability Partnership Limited Liability Company These four types of business sructures differ in terms of complexity and powers. A sole … [Read more...]

Non-Disclosure Agreements – ‘A First Commercial Test’

non disclosure agreements

By Dawn Wattie, Surrey Business Lawyer Non-disclosure or mutual non-disclosure agreements (“NDA”) are usually the first commercial agreements used in many new businesses to explore potential business to business arrangements between individuals or companies. NDA can be one-way meaning only the disclosure of information is coming from one party or two-way meaning both parties are disclosing information. It is often therefore the “first commercial test” to determine how another individual or entity approaches contractual arrangements. The issues raised in the negotiation and execution … [Read more...]