New answers tagged partnerships
2
Here is now this type of situation typically rolls out:
The developer provides all available written documentation supporting the proposition that he owns all rights.
If the other party is concerned about any holes, the other party provides additional documents and asks the developer to have them signed by the relevant individuals or entities.
Irrespective ...
3
Typically they would just want a document admitting in writing that you in fact do own all of the IP and that should their be any IP infringement the penalty / punishment will be on you.
Assuming you wrote all of the code and any open source code you used were released under MIT or some license that allows you to write commercial software based on it ...
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Brain,
No , just frustrated. It blows my mind that how Lil anyone knows and understands about the most important thing in any business their "capital". I feel big business (banks & processors) have their claws dug in and wool over everyone's eyes. I see huge gaps & glaring issues that can be easily fixed and no idea how to break threw in to the ...
1
In Ontario, for example, you can set up a company with multiple classes of shares. One class may have voting rights, another not. Within the class that has voting rights, votes are split proportionally.
BUT you can also set up a shareholder's agreement that states what percentage of votes is needed to make changes, how many seats on the board of directors ...
2
You'd have to check the bylaws of the company and it may also depend on your jurisdiction and differing classes of shares.
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Unless expressly stipulated otherwise, basic contractual law says the agreement is executed when all parties have indicated acceptance. Reducing this to writing can be a formality but often is just the stage setting for a host of activities (registration, tax identity etc). If the date is such a big concern, then it can be expressly written in that the ...
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Your client is demanding that you work-for-hire (ie assignment of copyright to him) upon promise of a trailing commission (you don't say anything upfront?). So my questions are
who audits the software sales
what incentive is there for aggressive marketing/sales
if there's a dispute what happens to the as yet unpaid for IP
Now there are mechanisms to ...
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"How can you assure us that you will still be around to support us in 10 years?"
Answer:
You'll be doing your part by your patronage, which we appreciate, and if you truly take our best interest to heart, it wouldn't hurt if you help make sure your accounting department pays our invoices on time! -smile-
2
I think the 20% money back for 5% equity is quite fair in this situation. Basically, you buy back 85% of his equity for 20% of his initial investment. If you're unable to give him back the 100% of hist investment for 100% of his equity - that's the next best thing, and it is a very generous and fair offer on his behalf.
It doesn't sound like you expect him ...
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Hmmmm ... asking for business longivity in an era where the architecture morphs every 3-5 years ... perhaps some illumination can be gained by looking at other providers and seeing what they are doing
Google's Data Liberation Front (DLF) - reassurance that the data is exportable and that there is no lock-in. Whilst on surface this appears to be a nuclear ...
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Important: This not legal advice . . . Get a Lawyer to help you - this a very common issue. Things to note: 1) The fact that you have not signed a legal agreement or expressly discussed on how to share control/etc is not really all that helpful for your cause. A "partnership" can be created by mere actions alone (which seems to be the case here), 2) while ...
1
The general advice I can give is - Trust No One
How many times has the time-old tale of "I should of known..." been told? If there is any doubt, then have a lawyer review it to ensure you don't (accidentally or otherwise) get screwed. You are signing some very serious, legally binding contracts that can do some powerful things (even oust you of all ...
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