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Do They Own Me?

Discussion in 'Asset Protection/Taxes/Legal' started by nyc217, Nov 9, 2017.

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  1. nyc217
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    nyc217 New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Hey Fastlane,

    Currently, Ii am employed by a company as a software developer and enjoy it. But, in their contract they state, “you assign your rights to any and all inventions to us....”. Yeah i should not have signed it to begin with, but really wanted a job in general, especially programming at the time. It’s fun and time flies.

    So right now Im working on my idea on the side. i have no intentions of stealing their ideas, customers, etc. i also do not use any of their crap to code my from scratch codebase which is based on an entirely different industry.

    i know this is putting the cart way before the horse, as i haven’t even finished coding the first version, but i fully intend on finding a way to add massive value via software for now at least. So, i figure i ask.

    i just wanted to see if any of you guys here have been through this ? Know anyone that’s been through this?

    No this is not legal advice, just want to see what some of you or people you know handled this.

    I thought about speaking to a lawyer but it’s like 500 bucks up here. And that is just overkill for now.

    But anyways, anybody been through something like this? And has it affected you ?

    By this I mean a company that claims to own you and your ba**s.
     
    ZF Lee likes this.
  2. LeoistheSun
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    LeoistheSun Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Do some research on people who got into that conundrum. I've heard of it before.
     
    nyc217 likes this.
  3. Philip Marlowe
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    Philip Marlowe Every Day On, No Days Off Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Consider speaking with an attorney that specializes in Intellectual Property rights issues. Do this in-person and even bring them your hiring paperwork. Maybe you need to pay them for an hour of their time (maybe).
     
    nyc217 and ZF Lee like this.
  4. nyc217
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    nyc217 New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Yeah I’ll see if I can get around that 500 dollar price tag using a per hour rate instead. Thanks