Re: Who owns an idea
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Posted by M. Arthur Auslander on July 26, 2001 at 04:15:31:
In Reply to: Who owns an idea 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?
Without taking professional responsibility for my thoughts, the start if the situation looked good and clear, but may have given a shop right. My gut says that if agreements were properly draw you had a good deal or a negotiable deal to profit you.
M. Arthur Auslander
Auslander & Thomas-Intellectual Property Law Since 1909
The Intellectual Property Law Server
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