Hi Guys,
I've been working on a project with two others for the past 6 months. At the beginning, we (stupidly) agreed to equal equity, rather than letting everyone earn it.
The relationship has now broken down, due to disparities in levels of commitment. I want to take the idea (I came up with it & designed the system to implement it) and build another team. Out of the three of us, I'm the only one with the knowledge base required to make this business happen.
We are not incorporated. I am not wondering who owns the code. I'm comfortable getting it re-written. Please assume neither of them will build competing companies.
So, who owns the idea? Can I start a similar company?
I plan to consult a lawyer but I just want to gauge the HN community's thoughts on this.
In advance, thanks for your time!
Copyrights are for art, and patents are for inventions. Neither of those cover 'ideas'.
You didn't sign a contract stating that you wouldn't take any business secrets away from the company, either, I assume, since you say you aren't even incorporated.
Walk away now, start coding for the new company, and don't look back.
I am not a lawyer and this is not legal advice.