Tagged Questions
4
votes
2answers
229 views
How do I prove that its all my IP
I'm involved in a deal where an industry organization is attempting to white label my software. Their Chairperson is a lawyer, so they are cautious on the legal stuff. They want to be absolutely sure ...
1
vote
1answer
117 views
Removing a bad partner?
Two month ago I've joined with two friends to build a startup.
I came with the idea and we started working. Two weeks ago, the first partner left the project due to lack of time.
The second partner is ...
1
vote
4answers
109 views
Verbal Partnership Agreement Binding?
I have a provisional patent for a product that I have been developing. I had a meeting last weekend with two individuals and we have verbally agreed to form a partnership. The partner who will be ...
5
votes
5answers
337 views
Partner leaving at an idea-stage start up
This question might sound dumb, but I'm at a complete loss of what to do.
My friend and I discussed starting a web site business years ago. For about a year and a half, we met every other weekend ...
3
votes
3answers
288 views
How to protect myself from uncommitted co-founders
Two of us came together to work on an idea for a web startup. We end up killing the initial product and a third person joined. A new product is built and launched.
It happens that I'm the technical ...
2
votes
2answers
156 views
Will my ex-partner have claim over my new business?
Background: My friend and I talked about building an application, saying this is the idea, let's see if we can develop something around it. After thinking about it for a few weeks it seemed not very ...
3
votes
2answers
80 views
How to split profits for children's business?
My daughters have started a bow-making business. One daughter is the crafty bow maker. The other is the outgoing marketer selling the bows to her friends and bringing in the orders. They are having ...
2
votes
2answers
64 views
Co-inventor and Section 2870 of the California Labor Code
My partner and me developed a product, and the split is: I developed 97-98%, he developed the rest, the idea was conceived by both. He did his portion on his own time and equipment, and it uses ...
7
votes
2answers
394 views
Partner (he's a Friend) Wishes to Resign from Startup Prematurely
I am seeking help in how to handle an underperforming partner / friend that is resigning from an early phase of a startup.
Two friends and I began an equal partnership startup with the following ...
1
vote
3answers
161 views
Steps before starting a partnership
I have seen quite a lot of questions/doubts and concerns here on http://answers.onstartups.com about partnerships. Splitting, percentages, responsibilities, legal obligations etc etc.
In my opinion ...
2
votes
1answer
108 views
What should I watch out for when closing an LLC?
I'm declaring one of my startups kaput and moving on to another. The first venture, Stronico Contact Management, was an llc and had a ten percent partner. We declared it closed by mutual agreement ...
1
vote
3answers
259 views
Possible drama in a starting startup
I know this is TL;DR material but I'm just trying to sort this out and feel I might need an outsiders view.
I was approached to become the CTO and co-founder of a startup. The founder pitched me the ...
0
votes
1answer
68 views
How to make sure ,to be partner won't turnback after getting the lead
We are planning a start up website to sell few products which are available locally but have quite demand on other places.
Here to outline I have the following experience:
1. Strong Technical ...
2
votes
2answers
588 views
Is sleeping partner considered as investor?
My partner and i are from different countries
(1) My partner will fund the startup idea
(2) I will be the working partner and the idea will be executed in my home country
Please give your advice on ...
1
vote
1answer
174 views
Leave Seed Stage Startup - Partnership Issues
My partner and I started an online service. When we formed the idea for the company, we came out strong with a lot of energy, but it seems as if my partner's priorities are now elsewhere.
I'm the ...
0
votes
1answer
172 views
Pay a lawyer to convert partnership to LLC or do it myself?
I recently started a partnership (4 months ago) and now I want to convert it over to an LLC. We are starting to generate profit and we would like the limited liability protection. I've been thinking ...
1
vote
3answers
132 views
Developer IP and personal Coding
My friend and I recently started our own service company. Since we have no technical background, we found a development guy to join our team. We ended up filing for an LLC two months afterwards (we ...
1
vote
1answer
204 views
Bringing on equal partner after starting solely bootstrapped?
I came up with an idea for a startup, and after trying to start other ventures with non-paid partners I knew the only way to get this done right was to hire a developer straight up to code the ...
1
vote
5answers
717 views
Is it legal to show an album on a Youtube Video?
Im currently working on a channel on Yt which does album reviews and I've gone from just speaking to do it in person on webcam and I am hoping at some point to go for a Yt partnership as I've always ...
3
votes
3answers
365 views
partnership percentages
I am a Product designer with 25 years in the field. I also have an extensive array of skill sets as well as facility. Computerized Milling, Engineering and Development software as well as Rapid ...
2
votes
4answers
319 views
One-man startup wondering if I should recruit help, and the smart way to go about it
I'm looking to start a website to supplement my day gig. I have the ideas, funds, and skills to do pretty much everything by myself, except for the front-end design. I plan to own the site under my ...
1
vote
4answers
157 views
Partnering on an idea with 2 separate and distinct companies
I am in a current situation that I need some advice on, I think it will be easiest to explain with a simplified example. I am involved in a startup company that specializes in software development ...
0
votes
1answer
56 views
What type of agreement to secure an intent to buy?
I worked with a new partner to create a customer before we signed a var agreement.(we had a NDA though)
We sold the customer our software but the actual contract for the sale will not take place ...
0
votes
4answers
345 views
What type of agreement for a software sales rep who handles software installations?
I need an agreement for this but not sure what type of agreement for this.
I have an independent sales agent who want to market our software and provide installation and first level customer support. ...
1
vote
2answers
275 views
When a reseller is in the middle who signs software license Agreement?
I am licensing my software to my software distributor reseller. My reseller wants to use my license agreement that should be signed between us and Licensee. Does that make sense?
If it does then how ...
2
votes
2answers
136 views
As pertaining to a sole proprietorship or partnership, how much am I legal responsible from a business perspective?
For instance, if someone sues me because they do not like the product offered or if someone else sues me because of a contract violation. How much is the owners responsible for (in this case me) and ...
2
votes
3answers
158 views
What type of legal agreement makes sense for joint venture?
I have a reseller who would like to buy a licensed version of our software product and share the revenues we make on the joint sale of the product within a specific territory.
What type of agreement ...
1
vote
2answers
74 views
Potential liability in guaging the interest of potential partners?
I am nearing readiness to launch a site for which I am looking to bring on a couple of SMEs (existing market participants) as sweat equity partners. I am drafting a letter to gauge the interest of ...
0
votes
3answers
352 views
Bootstrapped Startup - What Legal Forms to Put In place
I am looking for a co-founder now for a project that would love to get up and running. As an initial formality are there any documents out there that can outline in basic terms what each person is ...
3
votes
4answers
284 views
What are the pitfalls of incorporating *after* launching a new website with partner(s)?
A friend and I are working on a website which we hope to launch before the end of the year. We would like to put off the actual incorporation for as long as possible (legal, accounting, & other ...
