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> If a friend came by to brainstorm ideas, it does't seem likely that someone would have the nerve to open with "Ok but first we need you to sign this PIAA agre
by fencepost 9y ago
> If a friend came by to brainstorm ideas, it does't seem likely that someone would have the nerve to open with "Ok but first we need you to sign this PIAA agreement."
Better the awkwardness of that discussion than the situation they almost had of someone suing for a payoff after they had success because of (uncompensated?) discussions with friends. If any party is under the impression that what they're doing requires compensation or ownership that NEEDS to be known up front by everyone.
- kakarot 9y agoIf someone informally visits a company and brainstorms business ideas, it is THEIR responsiblity to ascertain whether they will be compensated somehow. I doubt at any point that someone led him to believe he would be, and it's his own damn fault for not voicing his thoughts and concerns before offering his expertise.
- kjs3 9y agoBut someone like this can still impact your business. For example, merely threatening to litigate over their perceived rights could ruin a funding round. This is very serious.