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Doug Nebeker ("Doug")
I'm the founder of a small micro-ISV, and I'm trying to decide who should own the copyright for my software application, myself or my business.
What do you feel are the pros and cons of either approach?
Monday, October 27, 2014
The business needs to own the IP and you own the shares (equity) in the business.
Most (realistically, all) investors and potential partners, even future employees, won't accept any other solution. It also allows the company to continue, in the unfortunate event that you meet your demise.
There is an exception to this, where you can license some IP to the business, but this is rare and complex.
My company employs 7 programmers who each write code and I can tell you they don't own the IP, the company does. The company pays the employees and they write code which the company owns. Unless you have some agreement that says otherwise that is how it works AFAIK. My lawyer recently told me this (today actually).
It might be an easy answer if you are the only programmer, but once you start hiring, it becomes obvious that the business must own the IP.
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