4 ms·
I actually don't know if there's much that can be done unless there's some non-competes in those employees' contracts which are usually not very enforceable out
by Ancalagon 1y ago
I actually don't know if there's much that can be done unless there's some non-competes in those employees' contracts which are usually not very enforceable outside of finance iirc.
- bix6 1y agoNon competes aren’t enforceable in California but the company owns the IP so I’m curious about this license loophole they are using.
- nrmitchi 1y agoNon competes can definitely be enforceable in California for executives and those with fiduciary responsibilities to a company. They’re just not enforceable against “rank and file” employees.
- bix6 1y agoThe only situation I know of is during a sale of business if the seller agrees. Which is clearly not the case here.
- rafaelmn 1y agoIs there any IP that's actually valuable without the team ? I sincerely doubt it.
- bix6 1y agoThe whole point of funding a company is for the company to build IP that makes the company valuable. Founders can't take investor money and then just go start another company -- that's specifically barred in most docs. There have been a lot of these weird "loopholes" lately that are completely against the spirit of company building.
- 1024core 1y agoThe real IP is between the ears...