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The short answer is that because you didn't resolve this in advance, the split is whatever you two agree is reasonable. The longer answer is that this is why i
by declan 14y ago
The short answer is that because you didn't resolve this in advance, the split is whatever you two agree is reasonable.
The longer answer is that this is why it's good to have equity splits, vesting, and IP assignments in writing, typically done at the time of incorporation. Founders who stay deserve more control and a greater chance at an liquidity event. Right now, it's in your best interests to come up with a mutually agreeable solution because you probably have overlapping IP claims to the codebase and either of you could sink the company (and competitors using the same codebase) by asserting an IP claim. In that case neither of you get anything. This is why the best practice is to assign IP to the corporation.