Standard Terms for 50/50 founders


I'm in the process of starting up a business with one of my better friends: 50/50. I'm the tech - he's the business.

I truly believe in the idea, and think it has great potential. I'm prepared to bet big and go all-in; however, despite many conversations, I doubt my partner's work ethic, and devotion (simply - he is already set financially). To give him credit, the seed idea was his to begin with. We haven't signed anything yet. Is there anyway I can protect myself (aside from requesting uneven share) so I get fair compensation for my efforts? I've heard enough stories that I just want to legally prepare for the worst case. Regardless what happens, I want to be able to bring the idea to fruition.

The startup is a Canadian video game company. Are there, perhaps, standard milestones for vesting we can use?

Answers: 0 public & 0 private

Recent questions

Do people really steal invention ideas?

I sometimes see questions on forums like Quora about how to stop people stealing your invention i...

4 3351 2
Is interpretation of known historical facts protectable under copyright law?

I am looking for useful sources on protecting copyright. I am in the process of writing a book ba...

3 3402 2
Fair Use and news feeds

What is the current wisdom on compiling news feeds on a third party website so far as copyright i...

1 2293 0
Looking for good patent firm

How to find a good patent firm to help me apply patent in USA

3 2640 2
What constitutes 'prior disclosure'?

This might be a silly question but I’m a bit confused by ‘prior disclosure’ as it applies to pate...

2 2884 1

Do you have a question about your invention or intellectual property?
Search the questions below or post your enquiry to one of our experts via Directory.
(User questions are no longer posted publicly on this page.)