QUESTION
Can an organization like Georgia Tech Research Corporation claim equity if they assist a start up?
Asked on Oct 08th, 2015 on Business Law - Georgia
More details to this question:
Start up with patent pending intellectual property is exploring a relationship with a university to potentially collaborate on further refinement of technology. Wondering what Georgia law says about the university's rights are to claim compensation or equity in company. How do we ensure their reward is commensurate with their contribution?
1 ANSWER
The university's compensation, whether it be equity in your start up and/or any other form of compensation, will be whatever the two of you agree upon. You ensure that it receives the appropriate compensation, and everything else either party is concerned about, in your contract.
Answered on Oct 09th, 2015 at 1:04 PM