Who owns an idea
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Posted by Vanessa on July 25, 2001 at 17:18:21:
I developed an idea for a software application while employed by an intranet systems design company. I was hired to head the sales department. My application is outside of their general business activity but they guided me through the begining steps of development (through screen mock-up, no programing). They then took me off payroll and told me that I could "have" my information. I could start my own company and develop my product and in return my ex-employer would retain 20% of my company and would be paid to devolop this, and all future products. They refuse to assume any financial risk for the new company.
This arrangement does not sound fair to me, infact, I don't want them involved in any way in my new venture. What rights to the information do they have, and what is a reasonable agreement between two parties in a situation like this?
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