possibly starting a clothing co wanted some opinions OFF TOPIC

[jmd2914]

hello all
so long story short me and a good friend of mine are in the midst of getting a clothing company off the ground as a side project. nothing major just a lifestyle company like volcom, dc, ect. in any case i was talking to him about the copywrite process and he said that what he wants to do is have the copywrite put in his name but still very much wants my imput and help on the project. this naturally made me alittle warry because up till this point it was a group effort.....opinoins on how i should handle this?

thanks

 

[foxmustangman]

I dont know much about legal stuff...but you should have shirts of Mustangs and Camaros and Talledegas and stuff!!!

 

[jmd2914]

haha believe me theyre already in the works....however as far as the legal stuff goes, my thoughts were that if im putting my time money and effort into this i should own just as much of it as him. on the off chance that this actually goes somewhere i dont want to help build it and then be left out in the cold in a legal sense so to speak having him own the name. am i way off here?

 

[fiveohwblow]

Invest a little bit into a lawyer to draft you a contract. A good contract with consultation will cost you around 500-1000 and will prevent anything from going awry without consequence. It sounds to me like he is trying to squeeze you out.

 

[92mustanggt509]

no your right on the money. you could set it up as a llc company and put it in both of your names, as well as the copyrights

 

[wythors]

You need a business attorney, not a Mustang forum.

 

[ryan218]

yea go 50-50 not 49-51 do an equal partnership.

 

[iwashmycar]

get some professional advice from a lawyer

 

[MaxTheHooker]

Pull out your glock and pop a cap in his ass... seriously. smackafool.

 

[Mustang5L5]

You need a business attorney, not a Mustang forum.

+ 1.2

 

[dcurtis]

get a signed CONTRACT stating what you will get.

 

[Pony Tail]

Don't want to rain on your parade, but....

Another thing to remember, is, if you get a contract with him and put your money into it, then IF it goes belly-up and end up owing alot of people money for items, etc... will you also be responsible for the debts??

Will be great if it makes money, but it could also turn the other way, so please keep that in mind also.

Like everyone has said, get legal advice and a contract if you go into this with him.

 

[Flavadave4]

You need a business attorney, not a Mustang forum.

Well put

 

[jmd2914]

well upon further discusion he made the comment that he didnt want it " getting out of his hands" so at that point i decided to back out of the project and go in a seperate direction before i had too much money sunk into it

 

[69clark]

I was just going to say (but then I saw your last post) that instead of getting lawyer, get out of the situation altogether. If he is willing to pull the wool over your eyes this early in the game, then the idea of a partnership will NEVER EVER be successful. PERIOD!