Document background
The Online Operating Agreement is essential for businesses operating primarily in the digital space under Canadian jurisdiction. It should be used when establishing or formalizing the structure of an online business entity, particularly when multiple members or owners are involved. The agreement addresses both traditional operating agreement elements and digital-specific considerations, incorporating requirements from Canadian federal and provincial e-commerce laws, PIPEDA, and relevant corporate legislation. It includes crucial provisions for electronic voting, virtual meetings, digital asset management, online security protocols, and e-commerce operations. This document is particularly important for businesses conducting operations primarily through digital channels, as it provides clear guidelines for digital governance while ensuring compliance with Canadian legal requirements for electronic business operations.
