A good friend and I had an idea for a software/mobile device related business last year, but haven't had the time to develop it yet.
He is currently taking a software engineering class at his University, which the main focus is a group project. He decided to do a smaller but closely related idea for his group project in this class. He is the project leader for a group of 4-6 students.
Can we still develop this idea into a business, without having an liability towards his project group members? How can we protect ourselves in the outset so avoid some sort of legit litigation in the future if our idea is successful?