Law Dictionary

Fulcrum Law is a Business Law Firm in Vancouver, BC. This dictionary was designed for Canadian Business Owners to better understand legal terms and how it relates to them and their business.
Home-based businesses

Home-based businesses

Home-based businesses refer to commercial activities that are conducted from a residential property, where the owner or tenant of the property uses a portion of their home as a workspace for their business operations. In British Columbia, home-based businesses are subject to specific regulations and zoning bylaws, which may vary depending on the type of business and the location of the property. These regulations aim to ensure that home-based businesses do not cause any negative impacts on the surrounding community, such as increased traffic, noise, or pollution.
Homeowner associations

Homeowner associations

Homeowner associations refer to organizations formed by homeowners in a particular community or development, typically governed by a set of bylaws and regulations. These associations are responsible for managing and maintaining common areas, amenities, and services within the community, as well as enforcing rules and regulations to ensure the safety and well-being of its residents. In British Columbia, homeowner associations are subject to specific laws and regulations, particularly in relation to real estate and property management.
Horizontal agreements

Horizontal agreements

Horizontal agreements refer to agreements between competitors operating at the same level of the supply chain, which aim to coordinate their behavior and restrict competition. In British Columbia, such agreements are subject to scrutiny under competition law, as they may harm consumers by reducing choice, increasing prices, and limiting innovation. Examples of horizontal agreements include price-fixing, market allocation, and bid-rigging. Businesses engaging in such practices may face significant fines and reputational damage.
Horizontal integration

Horizontal integration

Horizontal integration refers to the process of merging or acquiring companies that operate in the same industry or market, with the aim of expanding market share and increasing efficiency. In the context of business, real estate, or technology law in British Columbia, horizontal integration may involve the consolidation of businesses that offer similar products or services, or the acquisition of competitors to eliminate competition. This strategy can have legal implications, such as antitrust concerns, and may require regulatory approval.
Host liability

Host liability

Host liability refers to the legal responsibility of a business or property owner to ensure the safety of their guests or customers. In British Columbia, this can include ensuring that the premises are free from hazards, providing adequate security measures, and adhering to all relevant regulations and standards. In the event of an accident or injury, the host may be held liable for damages and may be required to compensate the injured party.
Hostile takeover

Hostile takeover

A hostile takeover refers to the acquisition of a company by an outside entity without the consent or cooperation of the target company's management or board of directors. In British Columbia, this type of takeover is subject to specific legal requirements and regulations, including disclosure and reporting obligations, as well as potential legal challenges from the target company or its shareholders. Hostile takeovers can occur in various industries, including business, real estate, and technology, and may involve complex negotiations and legal proceedings.
Housing affordability

Housing affordability

Housing affordability refers to the ability of individuals or families to access and maintain suitable housing that meets their needs without experiencing financial hardship. In the context of business, real estate, or technology law in British Columbia, housing affordability may be regulated by government policies and legislation aimed at ensuring fair and equitable access to housing for all members of society. This may include measures such as rent control, affordable housing initiatives, and zoning regulations that promote the development of affordable housing options.
Housing cooperatives

Housing cooperatives

Housing cooperatives refer to a type of residential property ownership structure where a group of individuals collectively own and manage a building or complex. Each member of the cooperative holds a share in the property and has the right to occupy a specific unit. Housing cooperatives are governed by a set of bylaws and regulations, and decisions are made democratically by the members. In British Columbia, housing cooperatives are subject to specific legal requirements and regulations under the Cooperative Association Act.
Housing discrimination

Housing discrimination

Housing discrimination refers to the act of denying or limiting housing opportunities to individuals based on their race, ethnicity, religion, gender, sexual orientation, disability, or other protected characteristics. In British Columbia, housing discrimination is prohibited by the Human Rights Code and can result in legal consequences for individuals or businesses found to be engaging in discriminatory practices.
Human rights

Human rights

Human rights refer to the fundamental rights and freedoms that are inherent to all individuals, regardless of their race, gender, religion, or any other characteristic. In the context of business, real estate, or technology law in British Columbia, human rights legislation prohibits discrimination in employment, housing, and the provision of goods and services based on protected grounds such as age, disability, and sexual orientation. It is important for businesses and individuals to understand and respect human rights in order to avoid legal liability and promote a fair and inclusive society.
Hybrid business structures

Hybrid business structures

Hybrid business structures refer to a legal entity that combines elements of both a corporation and a partnership. In British Columbia, this type of structure allows for the flexibility of a partnership while also providing the limited liability protection of a corporation. This structure is commonly used in the technology industry, where collaboration and innovation are key components of business success.
Hybrid contracts

Hybrid contracts

Hybrid contracts refer to legal agreements that combine elements of both traditional and modern contractual arrangements. In the context of business, real estate, or technology law in British Columbia, hybrid contracts may involve a mix of written and electronic documentation, as well as traditional and innovative payment structures. These contracts are designed to provide flexibility and adaptability in an ever-changing legal landscape, while also ensuring compliance with relevant regulations and industry standards.
Hybrid securities

Hybrid securities

Hybrid securities refer to financial instruments that combine characteristics of both debt and equity, typically issued by corporations to raise capital. In British Columbia, hybrid securities may include convertible bonds, preferred shares, or other complex financial instruments that offer investors a combination of fixed income and potential equity upside. These securities may be subject to specific regulations and disclosure requirements under business, real estate, or technology law, depending on the nature of the issuer and the underlying assets.
Hypothecation

Hypothecation

Hypothecation is a legal term used in business, real estate, and technology law in British Columbia to refer to the act of pledging property as collateral for a loan without transferring ownership. This allows the borrower to retain possession and use of the property while the lender holds a security interest in it. In the event of default, the lender may seize and sell the property to recover the outstanding debt.
Immigration

Immigration

Immigration refers to the process of individuals entering and settling in a country that is not their own. In the context of business, real estate, or technology law in British Columbia, immigration law governs the legal requirements and procedures for individuals seeking to enter and work in the province. This includes obtaining work permits, permanent residency, and citizenship, as well as compliance with immigration regulations and policies. Immigration law also addresses issues related to refugees, family reunification, and the protection of human rights for immigrants.
In-house counsel

In-house counsel

In-house counsel refers to a lawyer who is employed by a company or organization to provide legal advice and representation on matters related to business, real estate, or technology law in British Columbia. They work closely with the company's management team to ensure compliance with legal regulations and to mitigate legal risks. In-house counsel may also be responsible for drafting and reviewing contracts, negotiating deals, and representing the company in legal disputes.
In-house legal advice

In-house legal advice

In-house legal advice refers to legal guidance provided by a lawyer who is employed by a company or organization, rather than an external law firm. This type of legal advice is specific to the business, real estate, or technology industry in British Columbia and is intended to assist the company in complying with legal requirements, managing risks, and making informed decisions. In-house legal advice is often sought for matters such as contract negotiations, intellectual property protection, employment law, and regulatory compliance.
In-house legal assistance

In-house legal assistance

In-house legal assistance refers to the provision of legal services by a lawyer or legal team who is employed by a business, real estate or technology company in British Columbia. This type of legal assistance is typically provided to address legal issues that arise in the course of the company's operations, and may include drafting contracts, advising on regulatory compliance, and representing the company in legal disputes. In-house legal assistance is often seen as a cost-effective and efficient way for companies to manage their legal needs.
In-house legal consultation

In-house legal consultation

In-house legal consultation refers to the provision of legal advice and guidance by a lawyer who is employed by a business, real estate, or technology company in British Columbia. This type of consultation is typically provided to address legal issues and risks that arise in the course of the company's operations, and may involve a range of legal areas, including contracts, intellectual property, employment law, and regulatory compliance. In-house legal consultation is an important tool for companies to manage legal risks and ensure compliance with applicable laws and regulations.
In-house legal counsel

In-house legal counsel

In-house legal counsel refers to a lawyer or team of lawyers who are employed by a business, real estate, or technology company to provide legal advice and representation on matters related to their operations. These lawyers work exclusively for the company and are responsible for ensuring compliance with relevant laws and regulations, drafting and reviewing contracts, and representing the company in legal disputes. In-house legal counsel play a crucial role in managing legal risks and protecting the interests of the company.
In-house legal department

In-house legal department

An in-house legal department refers to a team of lawyers and legal professionals who are employed by a business, real estate, or technology company to provide legal advice and representation on matters related to the organization's operations, transactions, and compliance with applicable laws and regulations. The department is typically responsible for managing legal risks, drafting and reviewing contracts, negotiating deals, and representing the company in legal disputes. In British Columbia, the in-house legal department must comply with the Law Society of British Columbia's rules and regulations governing the practice of law.
In-house legal representation

In-house legal representation

In-house legal representation refers to the practice of hiring a lawyer or legal team to work exclusively for a business or organization, rather than outsourcing legal services to external law firms. This type of legal representation is common in the fields of business, real estate, and technology law in British Columbia, and allows for more efficient and cost-effective management of legal matters. In-house lawyers are responsible for providing legal advice, drafting contracts and agreements, and representing the organization in legal disputes.
In-house legal services

In-house legal services

In-house legal services refer to the provision of legal advice and representation by lawyers who are employed by a business, real estate, or technology company in British Columbia. These lawyers work exclusively for the company and provide legal support on a range of matters, including contracts, intellectual property, employment law, and regulatory compliance. In-house legal services are often preferred by companies as they offer a cost-effective and efficient way to manage legal issues and ensure compliance with applicable laws and regulations.
In-house legal support

In-house legal support

In-house legal support refers to the provision of legal services by a lawyer or legal team who is employed by a business, real estate, or technology company in British Columbia. This support is typically provided to address legal issues that arise in the course of the company's operations, and may include contract drafting and negotiation, regulatory compliance, litigation management, and other legal matters. The goal of in-house legal support is to provide timely and cost-effective legal advice and representation to the company, while also ensuring that the company's legal interests are protected.
In-house legal team

In-house legal team

An in-house legal team refers to a group of lawyers who are employed by a business, real estate, or technology company in British Columbia to provide legal advice and representation on matters related to the company's operations, transactions, and compliance with applicable laws and regulations. The team works closely with the company's management and other departments to identify and mitigate legal risks, negotiate contracts, and handle disputes. Having an in-house legal team can provide cost-effective and efficient legal services, as well as ensure that the company's legal needs are aligned with its business objectives.