If I am creating a piece of intellectual property and wish to divide equity or ownership of it between multiple individuals, how would I go about doing that?
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If I am creating a piece of intellectual property and wish to divide equity or ownership of it between multiple individuals, how would I go about doing that?
I want to do this without forming a controlling company. What would the contract look like?
Asked on July 1, 2014 under Business Law, Texas
Answers:
Shawn Jackson / The Jackson Law Firm, P.C.
Answered 10 years ago | Contributor
Well, first, the will depend upon the type of intellectual property you are creationg...second, you will want to decide if you or "all of you" will own and/or have rights to the intellectual property in the event that you and the "others", at some time in the future, are no longer Playing Nice with each other. Keep in mind that about 20% of the problems in these types of situations occur when the money is less than everyone expected...and about 60% of the time, problems occur when the money is better than what everyone expected...so, determine your goals and your "fail safe" positions...and contact the attorney of your choice...which for most intellectual property can be in any State.
Shawn Jackson California Business Development Attorney
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