I'm thinking a cut of the gross would work better. That way they can't pay themselves an enormous salary and wind up with zero profits to share with you.
--- On Mon, 9/28/09, MB Software Solutions General Account <[email protected]> wrote: > From: MB Software Solutions General Account > <[email protected]> > Subject: Re: [NF] Advice for transfering rights to intellectual property > To: "ProFox Email List" <[email protected]> > Date: Monday, September 28, 2009, 4:29 PM > Malcolm Greene wrote: > > A startup company would like to purchase exclusive > rights to my > > IP (intellectual property) in exchange for S-corp > stock. My IP > > consists of source code, technical and end-user > documentation and > > training materials, a customer and partner list, > domain names, > > etc. Have any of you gone through this process before? > I'm > > looking for advice and/or a recommendation regarding a > specific > > lawyer or accountant (I'm in NJ). I plan on using a > professional > > to guide me, but I'd like to develop some background > on this > > topic before I begin this process. Any suggestions > appreciated! > > > > Regards, > > Malcolm > > > Definitely get a legal opinion! Good luck! > > -- > Mike Babcock, MCP > MB Software Solutions, LLC > President, Chief Software Architect > http://mbsoftwaresolutions.com > http://fabmate.com > http://twitter.com/mbabcock16 > > > > > > _______________________________________________ > Post Messages to: [email protected] > Subscription Maintenance: http://leafe.com/mailman/listinfo/profox > OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech > Searchable Archive: http://leafe.com/archives/search/profox > This message: > http://leafe.com/archives/byMID/profox/[email protected] > ** All postings, unless explicitly stated otherwise, are > the opinions of the author, and do not constitute legal or > medical advice. This statement is added to the messages for > those lawyers who are too stupid to see the obvious. > _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
