Re: Need some legal advice in CA
the second is apparently dangerous and supposedly unnecessary, i.e. I am not getting anything for it only big promises and I may lose everything.
anyone has a wise comment?
Don't give your partner a share in your copyright if you can avoid it. That's your only asset, the only thing that you're bringing to the table. After all, your partner is bringing his expertise to this venture: will he be selling you half of that?
Your intellectual property and your partner's expertise go to the benefit of the partnership
, not to the individual partners. The partners merely share in the profits of the partnership. In your position, I would license the copyrighted product to the partnership rather than give a portion of the copyright to your partner.
In any event, jespah
is right: get a lawyer. You need to set up some sort of entity (partnership, joint venture, corporation), and that isn't something that you should be doing on your own.