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To be clear, the new company is in a completely different market and will not be competition. They want all the shares back and I guess I will need to get somet
by throw_away_100 15y ago
To be clear, the new company is in a completely different market and will not be competition. They want all the shares back and I guess I will need to get something written up from a lawyer soon. Thanks for the info!
- staunch 15y agoIf it isn't a competitor then it's not nearly as risky. You still need to be very careful though. Don't take anything with you. Don't use their laptop, servers, accounts, services, code, secrets, ideas, paper, clothing, anything. Walk away completely clean. You could give them your shares back, but don't do it for free. If you want to be nice then sell them back cheaply or trade them for something you want.
- Woost 15y agoJust in case it hasn't been considered, this is all stuff that can be negotiated with the original company. With proper legalese (read: talk to a lawyer to get a proper contract) you can trade your shares for the company agreeing that they will not sue you for trade secrets/ideas/code/etc.
- tstegart 15y agoI agree with the above. the laptop is not IP, just property. If it's wiped clean there isn't really an issue. You get a $1500 laptop in exchange for your shares. If you don't think it's worth it, then ask for some more cash or something.