Regulatory and Legal

To get a start on navigating the legal landscape, we have provided links to useful websites which contain and describe key documents for your health science venture.

Disclaimer: Any information provided on this website or on external websites hyperlinked from this website (and documents that can be downloaded from such websites) of a legal nature is for information only. It is not legal advice or a replacement for legal advice. Anyone dealing with a legal issue is strongly encouraged to meet with a lawyer to review their options, rights and obligations.

OBIO does not verify the accuracy or currency of any information or document posted on or linked from this website. OBIO takes no responsibility for any use made of the information appearing here by members, website users or others with whom they may share this information.

Clinical & Regulatory Strategy for Therapeutics

Sheila Garven, SpringBoard Solutions

How to build a clinical/regulatory plan, how specific regulatory requirements will guide the plan, pitfalls that cost time and money. (November 12, 2015)

Clinical & Regulatory Strategy for Medical Devices

Alan Coley

The critical importance of developing a regulatory plan as part of the business planning process and distinguishing between MDEL versus medical device license. (October 6, 2015)

Privacy Exposed!

Brendan Seaton, Patrick Lo and Mark Kohler from Privacy Horizon Inc.

The essentials related to privacy and the importance for your business, how to actively design, develop, deploy and operate privacy-friendly solutions and who cares about privacy including your customers, your Board and your existing and new investors. (June 2, 2016)

Owen Roberts, CEO of Nobelex Biotech, Chad Bayne, Partner with Osler, Hoskin & Harcourt

Successfully setting up your health science company by ensuring the right contracts and other legal documents are in place from the start.  The essential legal documents needed when starting your business; what documentation investors look for that demonstrate your company is investor-ready; and common mistakes and tips to avoid them. (April 19, 2016)

Robert M. Stewart, Partner, Miller Thomson LLP

The fundamental terms and hidden traps in negotiating an equity financing with a VC investor. A valuable workshop for companies preparing to negotiate and secure investment which included topics such as founders’ vesting and sale restrictions, liquidation preferences and conversion features, valuation and anti-dilution, pre-emptive rights, protective (i.e. consent right) provisions and liquidity events (i.e. ROFRs, piggy-backs, etc.) (January 31, 2014)


The CVCA provides templates for major legal documents such as a Term Sheet; Share Purchase Agreement; Articles of Incorporation/Amendment; Right of first Refusal and Co-Sale Agreement; Voting Agreement; Investors’ Right Agreement; Management Rights Letter; Indemnification Agreement; Form of Legal Opinion; Conversion Guide


NACO provides term sheet examples, explanations and use cases on their website. The various types of Term Sheets include ones for Common Shares, Preferred Shares, Convertible Loans, and Canadian SAFE.

This link provides explanations and templates for the various legal documents including Letter of Offer of Employment; Employment Agreement; Notice of Withdrawal from Partnership; Shareholders Agreement; Loan Agreement; Resolution of Shareholders; Directors’ Resolution; Debt Acknowledgement Letter; Amendment to an Agreement; NDA; Partnership Agreement; Terms and Conditions (Website/App); Promissory Note; and Services Agreement.

Y-Combinator provides templates and supporting information on the different types of SAFE (Simple Agreement for Future Equity) including a SAFE Primer; SAFE Cap, no Discount; SAFE Discount, no Cap; SAFE Cap and Discount; SAFE MFN, no Cap, no Discount.