The Merriam-Webster dictionary defines a "template" as:
- a gauge, pattern, or mold used as a guide to the form of a piece being made
- something that establishes or serves as a pattern
One of the ways that I strive to help Canadians doing business online is through the creation of made-in-Canada legal templates.
A good template serves as a guide - not just an example of a type of document. The difference is you will know what parts may need to be customized and what parts are a key part of the structure.
And all legal templates should be specific to your home country - using UK or US legal documents for Canadian businesses means the template will not be the best fit.
You also need to understand when to use which template. A good template will give you some context for its use and let you know when it may not be appropriate to use.
When you operate a business, contracts are as common as the air that you breathe.
You enter contracts by clicking “I Agree” buttons on websites, and by selling products and services to your customers.
A contract is a legally binding agreement between two or more persons for a particular purpose.
Contracts can be done verbally or in writing. The problem for a business owner with a verbal contract is that if is more difficult to enforce because you may not remember or be able to prove all of the terms that were agreed to.
What if a supplier presents you with a “standard” contract that they routinely use with companies they deal with. Does this mean that you should just sign it?
At the very least, you should understand what you is agreeing to in the contract. At best, you can find a few important items in the contract and improve your business’ position through proper drafting and negotiation.
What to look for: