The Intellectual Property Law Server

Welcome, Guest. Please Login or Register.
Oct 3rd, 2023, 11:49am

Forums Forums Help Help Search Search Members Members Calendar Calendar Login Login Register Register
   Intellectual Property Forums
   IP Forms and Agreements
(Moderators: Forum Admin, JimIvey, JSonnabend)
   During severance package time..
« Previous topic | Next topic »
Pages: 1 2 3  Reply Reply Send Topic Send Topic Print Print
   Author  Topic: During severance package time..  (Read 5405 times)
Senior Member


Posts: 2584
Re: During severance package time..
« Reply #10 on: Mar 8th, 2007, 10:38pm »
Quote Quote Modify Modify

Like everyone else here said, it's realy hard to say without seeing the agreement, and you shouldn't post specific facts here unless you're not concerned about attorney-client privilege.  In fact, forget that, I'm not sure I'd want to work under a spotlight where attorney-client privilege was gone.  It's hard enough with the spotlight on my published work.
Things to think about:  did the employment agreement specifically limit itself to innovations related to the employer's business or to any and all innovations?  Does the state whose laws apply allow such clauses (any and all innovations)?  I think my state (California) doesn't.  My state is also pretty hostile to anti-complete clauses.  Unfortunately, I don't do contract -- and specifically employment contract -- work, so I can't say.  But contracts are creatures of state law.  So, your friend's state matters.
If the start-up is expected to have any significant value whatsoever, a little paid time with an attorney experienced in these matters in the relevant state would be well worth it.  Let's say the venture is worth several millions (8-9 figures over several years) -- most notable ventures are.  Let's also recognize that litigation over such as issue is easily 5 figures and maybe well into the 6 figures.  Now, let's compare $200-500 for an initial consultation.  Is it really a hard decision?
IP Logged

James D. Ivey
Law Offices of James D. Ivey
Re: During severance package time..
« Reply #11 on: Oct 12th, 2007, 10:22pm »
Quote Quote Modify Modify Remove Remove

I offer my standard legal advice on this matter, "shoot them and burn down the house".
IP Logged
Pages: 1 2 3  Reply Reply Send Topic Send Topic Print Print

« Previous topic | Next topic »
Powered by YaBB 1 Gold - SP 1.3.2!
Forum software copyright 2000-2004 Yet another Bulletin Board