Lancaster, PA asked in Business Formation, Business Law and Contracts for Pennsylvania

Q: how to legally make contracts and what to put in them.

I want starting a business with someone else using my idea/system that i made, I want to share the business 50/50, how can I make this legal, as well as make sure they don't steal the information and use it somewhere else?

1 Lawyer Answer
Michael Cherewka
Michael Cherewka
  • Wormleysburg, PA
  • Licensed in Pennsylvania

A: You have a number of questions here that you really need to sit down with a business attorney and sort through your best options. First of all I never recommend a 50/50 split of ownership because it can lead to deadlocks at a number of levels in the business. As far as your idea/system, that should be reviewed to determine what can be protected by trademarks and copyrights, and also who (you or the business) would own the Intellectual Property rights, among other issues associated with taking on a co-owner.

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