Comment by bix6
19 hours ago
Can shareholders sue? I presume the only avenue is IP since that belongs to the company? Or the non-exclusive license somehow negates that? Brutal.
19 hours ago
Can shareholders sue? I presume the only avenue is IP since that belongs to the company? Or the non-exclusive license somehow negates that? Brutal.
I actually don't know if there's much that can be done unless there's some non-competes in those employees' contracts which are usually not very enforceable outside of finance iirc.
Non competes aren’t enforceable in California but the company owns the IP so I’m curious about this license loophole they are using.
The real IP is between the ears...
Non competes can definitely be enforceable in California for executives and those with fiduciary responsibilities to a company.
They’re just not enforceable against “rank and file” employees.
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Is there any IP that's actually valuable without the team ? I sincerely doubt it.
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“We underpaid you relative to what price you were able to command on the market, and you left, how DARE you!”
“We spent our time and money helping you and now you leave taking everything with you and leaving us with nothing”
You think the only people in a company that matter are a few founders? It’s ok to screw over everyone else?