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HI
I have a product which was completely developed my selves, my company will be greatly benefited by my product,i am willing to take an agreement with my company, but i am confused regarding what terms and conditions to be considered, and what legal issues will arise later,my final goal is that my company and me should be benefited at the end of the day equally for a long time,can any one suggest me here.

Thanks in advance.
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member 8888995 2-Oct-13 1:44am    
Hi Santosh ,
Please consult with legal adviser.

You definitely need to seek legal advice from a suitably qualified legal practitioner in your area... This might cost you some money, but will protect you better than advice you receive anonymously over the internet!!
 
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Sergey Alexandrovich Kryukov 2-Oct-13 1:56am    
Agree, a 5.
I added some observation I'm aware of, but... under the disclaimer. Please see my answer.
—SA
_Damian S_ 2-Oct-13 1:59am    
hehe... it's the mutual 5's admiration society...
Sergey Alexandrovich Kryukov 2-Oct-13 2:14am    
Well... I think it has nothing to do with reciprocal support. I personally never up-vote anything, except the posts which I like, or agree with or admit as useful or fair...
—SA
_Damian S_ 2-Oct-13 2:36am    
I agree... just my quirky sense of humour as by the time I read your reply and voted, you had voted mine.
Sergey Alexandrovich Kryukov 2-Oct-13 2:42am    
Sure.
—SA
Unfortunately, this is off-topic, but I can share a few thoughts and observations. Companies with good legal support have the mechanism providing exclusions from the usual non-disclosure agreement employees sign with the administration. When you prepare the documents related to your agreements, you can amend the standard company document with the exclusions, based on the fact that you have your very own works you wish to share with your company (if you don't share anything, it simply would not make any sense). If such procedure is not used in the company, I think you should insist that such document should be created and signed by both sides.

Essentially, you may wish to share your works with the company by licensing your works on non-exclusive basis. Only then you can secure your ownership for your own works. At the same time, the company would hardly agree to use your works if you want to impose some limited access to them. In reasonable settings, both sides should be interested in maximum freedom for both sides. However, forum on software legal issues are full of pathological cases where employees tend to effectively lose their asserts; this is the ugly fact of life, and it depends on legislation. I hope such cases are rare, but who knows what may happen when it comes to considerable money? :-(

Here, I'm touching the area where I am quite incompetent. The usual consensus on this topic is that you really need to talk to a competent lawyer.

Disclaimer: in this answer, I only express my own opinion and vision of the problem, the view of an incompetent person, so I cannot take any responsibility, in any form, for any part of my advice.

—SA
 
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_Damian S_ 2-Oct-13 1:58am    
Exactly!! +5.
Sergey Alexandrovich Kryukov 2-Oct-13 2:11am    
Thank you, Damian.
—SA
Joezer BH 2-Oct-13 8:10am    
5ed!
Sergey Alexandrovich Kryukov 2-Oct-13 11:40am    
Thank you.
—SA

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