Hi,
We are in the process of starting a pvt limited company with my friends. We are in the very initial stage of setting up the company. so we think it's wise to decide the profit share details now itself, so that we can avoid future issues and in the view of keeping every partner happy and keep the company going. The base of our company is a product. The product is a brain children of me. So I am thinking what would happen to the product , if any one of partner wants to quit from the company. In this case, what needs to be done to protect the product's intellectual rights? do we need to apply for any patent for the product.? Or if we create a deed which mentions about the intellectual rights and get it agreed by partners is enough? Kindly throw some light on this.
Thanks in advance !!!!
