I find myself a weird situation. I'm entering, or working out the details on 2 different partnerships.
Partnership 1
Joining a developer to create some crazy money making sites. I've spec'd out all the code for him to write, and providing marketing and the domains. He wants to own 100% rights to the code. This worries me greatly. What if he decides to walk.. I'm totally screwed. I have no problem bringing the domains into the partnership and trying to dissolve if the partnership doesn't work out.
Is this common? I've never heard of this before, I would think the partners would both own the code and the domains.. etc
Partnership 2
Trying to work out a deal with a different individual where he has a top level domain work over 50k that he's not doing anything with. He's not interested in selling the domain, but is entertaining my ideas/offers. I want full control, and would outsource designers, developers, and get the site going. I can see with a few months of work and development the site to be worth well over 100k.
How should I go about this relationship. Can I buy him out for a fee of say 3-5k and offer him a share of the company? Or can we just do a partnership where I bring code to the table in exchange. I would love some help/ideas on how other people found a way to make this work
Would love to hear some stories on "What not to do" and things that worked.
Thanks
Partnership 1
Joining a developer to create some crazy money making sites. I've spec'd out all the code for him to write, and providing marketing and the domains. He wants to own 100% rights to the code. This worries me greatly. What if he decides to walk.. I'm totally screwed. I have no problem bringing the domains into the partnership and trying to dissolve if the partnership doesn't work out.
Is this common? I've never heard of this before, I would think the partners would both own the code and the domains.. etc
Partnership 2
Trying to work out a deal with a different individual where he has a top level domain work over 50k that he's not doing anything with. He's not interested in selling the domain, but is entertaining my ideas/offers. I want full control, and would outsource designers, developers, and get the site going. I can see with a few months of work and development the site to be worth well over 100k.
How should I go about this relationship. Can I buy him out for a fee of say 3-5k and offer him a share of the company? Or can we just do a partnership where I bring code to the table in exchange. I would love some help/ideas on how other people found a way to make this work
Would love to hear some stories on "What not to do" and things that worked.
Thanks
