Definition of Terms
| Basic Incorporation | A basic incorporation is best for small, private enterprises. The resulting company will have: a) 1 or 2 classes of shares, b) a maximum of 10 Directors, c) an assigned numbered Corporate name, d) simple Articles based on the stipulations of the Canada Business Corporations Act. |
| eMinute Book | An eMinute Book is an electronic version of a Corporate Minute Book. Traditionally, Minute Books were binders that contained all important corporate documents including, but not limited to, the following: Articles of Incorporation, Shareholders Agreement, Bylaws, Shareholders Register, Directors Register, etc. |
| NDA | Non-Disclosure Agreement is also called a Confidentiality Agreement and is a contract that is used to protect sensitive information by prohibiting the parties from sharing it with unauthorized persons. |
| NUANS Name Search | All applications to Corporations Canada for approval of a Corporate Name must contain a NUANS name search report. The report reveals corporate names, business names and trademarks that are similar to the one being proposed. |
| S.A.F.E. | SAFE is a legal instrument that was invented by the famous incubator YCombinator. The acronym stands for Simple Agreement for Future Equity. |
| Shareholders Agreement | The contract that defines the rights and obligations of the shareholders with respect to a corporation. It can include the company as a party, but it is usually between the shareholders. |
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