Legal Question in Business Law in Colorado
Contracts between principals of a corporation
As a principal and half owner of an S corporation, may I legally enter into a contract with the corporation? The purpose of the contract is to define compensation for the assignment of a patent and time and expenses spent both in the past and future in the development of the patent.
Asked on 3/02/06, 10:01 am
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: Contracts between principals of a corporation
The usual answer is that you can enter into a contract with the corporation unless you are taking advantage of your position with the corporation. I'd expect Colorado law to follow that rule.
Answered on 3/02/06, 10:10 am
Related Questions & Answers
-
Unconscionable contract between lawyer and a layperson Is there any legal standard... Asked 1/26/06, 10:01 pm in United States Colorado Business Law
-
Business ruined by a finance company I am I owner of a trucking company. I have only... Asked 1/21/06, 12:10 pm in United States Colorado Business Law
-
Buying the Family Business My father would like to sell my brother and I the family... Asked 12/12/05, 4:08 pm in United States Colorado Business Law
-
Employment non-compete clause legal in Colorado? In Colorado is a non-compete clause... Asked 12/05/05, 8:02 pm in United States Colorado Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
