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Non competes aren’t enforceable in California but the company owns the IP so I’m curious about this license loophole they are using.
by bix6 1y ago
Non 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...