2. Legal

2.1 Contract Law

2.1.1 Identify the elements of a binding (verbal or written) contract
2.1.2 Identify the elements of a legal sale
2.1.3 Define factors affecting the validity of a contract
2.1.4 Identify the remedies available to, and responsibilities of, parties to a contract in the event of breach
2.1.5 Identify the different avenues of legal recourse in the event of a breach and explain when each should be used
2.1.6 Prepare and submit necessary forms (both as defendant and plaintiff) for a suit in Small Claims Court

2.2 Corporate Compliance

2.2.1 Correctly identify the appropriate legislation governing an individual organization
2.2.2 Identify governmental filing requirements (both tax and non-tax) for different types of organizations under different Acts
2.2.3 Explain what is required to file an Annual Notice for a corporation
2.2.4 Identify filing requirements for organizations listed on the TSX or TSX Venture Exchange
2.2.5 Identify the various types of licenses which may be required for different types of licenses
2.2.6 Explain when a Canadian company is required to comply with Sarbanes-Oxley
2.2.7 Identify the steps for registering a proprietorship, partnership and corporation in your jurisdiction, and the processes for maintaining their legal existence

2.3 Governance

2.3.1 Explain the respective roles and responsibilities of inside and outside Directors
2.3.2 Explain the independence safeguards for outside Directors
2.3.3 Explain the respective roles of management and non-management Directors
2.3.4 Explain the role of committees in effective corporate governance
2.3.5 Explain the role of the Board of Directors in corporate governance
2.3.6 Identify key regulations affecting governance in Canada
2.3.7 Explain the difference between the American and Canadian approaches to governance

2.4 Intellectual Property

2.4.1 Define the different types of intellectual property
2.4.2 Explain the various kinds of legal protection for each type of intellectual property
2.4.3 Explain the process of registration for each type of intellectual property in Canada
2.4.5 Explain the ways in which Canadian IP owners can obtain international protection for their property

2.5 Taxation

2.5.1 Explain the different types of taxation to which Canadian organizations are subject
2.5.2 Explain the operation of the Goods and Services Tax and contrast it with Provincially-administered retail sales taxes
2.5.3 Explain the operation of payroll taxes and other levies against payroll
2.5.4 Explain what constitutes a not-for-profit and a charity for tax purposes