3 ms·
How do the IP issues work out if you use code from your old startup at a new one? If the old legal entity remains, it still owns the code, if it's gone, then wh
by jonah 15y ago
How do the IP issues work out if you use code from your old startup at a new one? If the old legal entity remains, it still owns the code, if it's gone, then what happens? Are there clauses or things that can release the orphan code to a particular person or company or does it just become public domain since the owner is no longer? How does that work?
- MrMike 15y agoCertainly something to be conscious of. I should have made clear that for the most part, the code I'm talking about is from entities owned by myself and possibly one other person, a business partner I've worked with on multiple projects for many years. No outside investment or shareholders. This greatly simplifies the IP issues.
- MrMike 15y agoIANAL, but I use a pretty basic Asset Purchase Agreement between the old entity and the new to cover the IP. Again, since what I'm talking about is myself (and possibly one other person) as the shareholder, it's quite painless.
- jonah 15y agoThanks for the clarification, but legally you'll still need to assign the IP to your new entity? By default, what happens to IP when the owning company ceases to exist?
- MrMike 15y agoOops.. replied to this one level up. Sorry. In terms of the original company ceasing to exist, I'm not sure. Before dissolving, I do the Asset Purchase Agreement.