possibly starting a clothing co wanted some opinions OFF TOPIC

J

jmd2914

Founding Member

Sep 6, 2002

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Napa, California

Feb 10, 2008

#1

• Feb 10, 2008

• #1

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

Member

Jun 20, 2007

196

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Idaho

Feb 10, 2008

#2

• Feb 10, 2008

• #2

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

 

J

jmd2914

Founding Member

Sep 6, 2002

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Napa, California

Feb 10, 2008

#3

• Feb 10, 2008

• #3

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

Official Member

15 Year Member

Jul 21, 2005

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Feb 10, 2008

#4

• Feb 10, 2008

• #4

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.

 

9

92mustanggt509

New Member

Dec 11, 2007

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Washington

Feb 10, 2008

#5

• Feb 10, 2008

• #5

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

Get off my lawn!!!

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May 17, 2000

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C Addle

Feb 10, 2008

#6

• Feb 10, 2008

• #6

You need a business attorney, not a Mustang forum.

 

ryan218

In just 10 years, I'll be old enough to drive!!!!

Dec 28, 2005

0

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columbus ohio

Feb 10, 2008

#7

• Feb 10, 2008

• #7

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

 

I

iwashmycar

20+ Year Stangneter

Apr 7, 2004

1,236

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Columbus, Ohio

Feb 10, 2008

#8

• Feb 10, 2008

• #8

get some professional advice from a lawyer

 

M

MaxTheHooker

New Member

Jan 15, 2008

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Feb 10, 2008

#9

• Feb 10, 2008

• #9

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

 

Mustang5L5

That is…until I whipped out my Bissell

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Feb 18, 2001

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Feb 10, 2008

#10

• Feb 10, 2008

• #10

wythors said:

You need a business attorney, not a Mustang forum.

Click to expand...

+ 1.2

 

dcurtis

10 Year Member

Jan 19, 2006

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Feb 11, 2008

#11

• Feb 11, 2008

• #11

get a signed CONTRACT stating what you will get.

 

P

Pony Tail

New Member

Dec 30, 2006

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Feb 11, 2008

#12

• Feb 11, 2008

• #12

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

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Nov 28, 2003

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Utica, NY

Feb 11, 2008

#13

• Feb 11, 2008

• #13

wythors said:

You need a business attorney, not a Mustang forum.

Click to expand...

Well put

 

J

jmd2914

Founding Member

Sep 6, 2002

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Napa, California

Feb 11, 2008

#14

• Feb 11, 2008

• #14

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

Founding Member

Sep 25, 2002

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Ravena, NY

Feb 11, 2008

#15

• Feb 11, 2008

• #15

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!