I'm in Canada. Do you know if the law is the same here?
And with what you have said, do you know what exactly he would need to sign so that he doesn't retain any ownership?
I've only done business in Canada for a couple of months now, so I can't comment on that.
But the US version is based on copyright law, which is widely recognized around the world. The designer wouldn't own any shares in your company. They own the rights to the design you're using.
The web work I do for businesses, I tell them in an informal email that they own the design and everything they pay me for. Under a New York ruling in 2012, as long as it's in writing, it's legally binding.
Mandatory...I am not a lawyer and this is not legal advice, and should not be taken as such.
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