130 reputation
5
bio website http:///radiuus.com
location Brooklyn, NY
age 34
visits member for 1 year, 9 months
seen Feb 22 at 22:20
stats profile views 15

I like codes and stuffs


May
8
awarded  Autobiographer
Apr
14
comment Partnership Gone Bad
Heh, well, I don't really want to be a bastard. But if I'm going to start over I'm not going to relinquish the code base to someone who will most certainly be a competitor! I'm hoping for an amicable resolution.
Apr
13
comment Partnership Gone Bad
I'm not going to turn off the servers... I'm not petty like that. I brought it up because it's as hostile an act as is wresting control of the business after his product has been built... by me. I'm absolutely fine with him taking the branding/marketing. However, if I have to replicate his work then he should suffer the same setback.
Apr
13
comment Partnership Gone Bad
That's correct, @Zuly. He can have the incorporated entity for all I care.
Apr
13
awarded  Commentator
Apr
13
comment Partnership Gone Bad
To answer your questions: 1) 90% of the code (the core of it) was written before the company was formed. I'm not sure that anyone could claim an employment relationship - nothing was ever signed and I didn't get paid a single penny (in fact, as a founder, I've spent tens of thousands of pennies!). 2) I wrote every single line of the code. Person 1 knows nothing about technology.
Apr
13
answered How to Resolve a classic Chicken and Egg Dilemma?
Apr
13
comment Partnership Gone Bad
I'm not sure what you mean by "per action". The ownership structure is non-existent, however the terms discussed were me: 40%, partner 1: 40%, partner 2: 5% (worked 10 hours a week, but is a founder). From what I understand about copyright law, since I wrote the code, I am the sole owner. Parter 1 didn't write a lick of it. If I blocked him from using the code, but left the servers running and walked away from the business, do you think he'd still be able to sue at some point?
Apr
13
comment Partnership Gone Bad
Meaning it depends on where the company is registered? If so, it's Delaware.
Apr
13
asked Partnership Gone Bad
Sep
2
awarded  Supporter
Sep
2
accepted Valuation Of Non-Existing Product/Business
Aug
9
awarded  Scholar
Aug
9
accepted Divorcing A Partner Without An Operating Agreement
Aug
9
asked Valuation Of Non-Existing Product/Business
Aug
4
comment Divorcing A Partner Without An Operating Agreement
Makes sense. Thanks for your input!
Aug
4
comment Divorcing A Partner Without An Operating Agreement
And what if she refuses to sign anything? Are we then at risk (legally/monetarily) in the future? How could we mitigate that risk if she doesn't want to sign?
Aug
4
comment Divorcing A Partner Without An Operating Agreement
A couple of weeks back, the other partner and I sat her down to formally define her role and set expectations - it was a constrcutive talk and she was mostly receptive. However, to this day we still have not seen it bear any fruit. This scenario has been replaying itself over the past couple of months, which is why we feel like it's time to part ways. If we don't sign the OA and she doesn't want to sign a formal document stipulating the terms of the separation, are the remaining partners at any legal/monetary risk if the business succeeds? FYI- we haven't launched the 1st vers. of the product.
Aug
4
comment Divorcing A Partner Without An Operating Agreement
Also, if we don't sign the op. agreement, do we instead value the business and give her what would have been her share had we actually signed the agreement?
Aug
4
comment Divorcing A Partner Without An Operating Agreement
Thank you for your reply. We have talked to her on numerous occations, but performance has not improved. Unfortunately, the next move is to part ways. Do we bother signing the Op. Agreement? Do we instead value the business and give her what would have been her share had we actually signed the agreement?