Legal Question in Intellectual Property in California
Startups: Can a startup company with sweat equity independent contractors get the ICs to sign a Proprietary Rights Agreement prior to an Equity Agreement being agreed upon? What would the consideration be (since no equity or fees have been agreed upon btwn company and ICs)
2 Answers from Attorneys
The short answer is YES...the longer answer is that it should be included in the Independent Contractor Agreement/Sweat Equity Agreement documents. Because there are a number of legal, SEC, labor and contract issues with such agreements, please be sure to have a Business Law Attorney review the documents.
By Grace...
Shawn Jackson ESQ. (707) 584-4529
Business Development Attorney
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