I was approached to do a re-skin of my work for 50/50. I agreed and continued to develop this new product.
A third party joined and we agreed to 33.3% each. This new partner incorporated the product under their company - without my knowledge. Now they bought the other founder - again without my knowledge - to own 66.6% and changed all product credentials - also without my knowledge.
They're now trying to buy me out and insist I sign to transfer all IP, an NDA and a no-compete. However their document seems highly formatted in favor of taking even work that the product is based on and their noncompete is so vague - it almost seems hostile.
They also insist that they already own all code developed for the product since the product is now owned by their company and that signing is just a formality.
PS. There has been no contract of any form.
Intellectual Property
NDA
Code
asked Apr 7 '19 at 02:44
Sierra
1
point