#17 | 2020 Business Excellence Award Winners Miniseries: Trustiics

Our next episode in the awards miniseries is with Tianpeng WANG, Founder of Trustiics RealTime Global Counsel, Silver winner in the Exceptional SME category. Trustiics, which is kind of like Uber for legal services, helps SMEs affordably navigate legal services. Trustiics works as a one-stop solution for SMEs to get connected with trusted lawyers in China and other overseas markets. It is the world’s first online platform connecting international businesses with pre-vetted English-speaking lawyers in China. It allows SMEs to mitigate their business and legal risk, expand and grow in international markets, and reduce legal expenses.

Key takeaways from Tianpeng:

• The biggest legal risks for Canadian companies doing business in China are IP infringement, partner risk, contract risk, and regulatory risk. 
• Some typical assumptions about the legal system are now outdated due to the rapid maturity of the system.
• Best ways to protect your IP include early proactive action/registration, good legal due diligence, and out-innovating the competition.
• Why developing trust with your partners is still crucial.
• How it always seems like the Chinese side wants to change things after a contract is negotiated, and how to prevent this.

Tianpeng’s China recommendations:

• Movie: To Live by ZHANG Yimou
• Book: DENG Xiaoping and the Transformation of China by Ezra Vogel

This multi-part miniseries is sponsored by SnapPay.