Quasi-vested
Quasi-vested has no recognized legal meaning. The nearest real concepts are vested interests, which are fixed rights that do not depend on any further condition, and contingent interests, which depend on a condition being met, such as share options that vest over time.
How BC law treats it
Canada has no constitutional protection of property rights, so legislatures can alter vested rights with clear statutory language; the presumption against retroactive interference with vested rights is only a rule of interpretation. Vesting of shares or options in a company is governed by the relevant plan or agreement.
What it means for your business
In option plans and founder share arrangements, define vesting schedules and what happens on departure clearly.
Risks and common mistakes
Vague vesting terms can lead to disputes when a founder or employee leaves before all rights have vested.
Fulcrum's corporate lawyers can help with these issues.
General information about British Columbia and Canadian law, current to October 2026. It is not legal advice.
