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As others have noted, you are in a very strong position given your ownership of the code. DO NOT SIGN ANY IP AGREEMENTS! Also do not take any money from any of
by evgen 11y ago
As others have noted, you are in a very strong position given your ownership of the code. DO NOT SIGN ANY IP AGREEMENTS! Also do not take any money from any of your co-founders or the incubator. Maintain your leverage over the situation and ask yourself if you really want to be in business with any of these people? To be honest it sounds like your best option here is number 2. The incubator acceptance is your personal market validation, think about incorporating your current effort and make this company (which you maintain 100% ownership of until you need a co-founder) the holder of the IP.
Another co-founder may have come up with the idea, but ideas are worth literally nothing so do not let that sway you. Above all, walk away. Quickly. And take everything with you.
- solarmist 11y agoI second that. The minute you take money from one of them you are an employee and they get to keep the code. Don't sign anything or agree to anything verbally (in many countries that is legally binding) unless they are willing to immediately write it down and sign it.
- greenyoda 11y agoJust don't sign anything until your lawyer has read the document that you're signing. If you don't have a lawyer already, you need to get one before you do anything else.