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I believe there was a lecture in startup school once that nobody is allowed to work for free for legal reasons. http://www.startupschool.org/ http://www.startu
by alexc05 10y ago
I believe there was a lecture in startup school once that nobody is allowed to work for free for legal reasons. http://www.startupschool.org/ http://www.startupschool.org/
This is a massive paraphrase from a lecture (I think by the pair of lawyers) and I might not be remembering it completely correctly...
But all work is assumed to be done for remuneration of some kind. So if you don't get paid, they are exposed to lawsuits at some point in the future. You (I assume) could come back one day and say something like "they have no records of paying me, but a promise was made for X% of the company" and I imagine have a case in court. (again, 100% based on vague memories from the source which I think was Startup School.
- jdmichal 10y agoI think this is the same as the IP angle others have pointed out. If there was no contract (written or verbal), then no IP transfer took place and OP still owns all the work they did. Contracts also can't transfer value without proper consideration. So even if there was some sort of contract, it's not valid until OP receives compensation for the IP.
- alexc05 10y agoThanks! That's a way better description of my version.