Before a tech startup is officially incorporated there is almost always an exploratory phase where one or more founders are writing code, producing business plans, and validating concepts and markets. When more than one person is involved, the legal status of code and other IP created during this phase is often ambiguous and misunderstandings regarding ownership are frequent. Well-advised founders will have sorted out these issues with appropriate legal documentation upon formation of the company, but it doesn't always make sense to form a company before certain fundamental questions are answered.
At this workshop we will discuss the exploratory phase, covering the following issues:
When does it make sense to incorporate? (How long should the exploratory period last?) Ownership status of code, business plans, and other IP created by founders, volunteers, and others before incorporation. What happens if the founders part ways before a company is formed? We will present attendees with a basic partnership agreement that can be used as a preliminary step before incorporating and discuss the ramifications of using it. Networking starts at 5:30. Lecture and discussion from 6 to 7:30.
See you there.
Meetups are $10/meetup. If you are a dues paying member, and would like to attend, email [masked] with the meetup title and I will add you to the list. Thanks!