Has anyone been successful in navigating Non-compete/IP clause? (US - NY)
Hi Everyone!
For context, I’m working on a side project and about to apply for accelerators.
IBM, my employer has a pretty intense Non-compete/IP clause saying anything we develop while employed at IBM is owned.
Looking through different accelerator applications, I see some founders have had it expunged from their employers. I am not sure how they managed to do that as they are already current employees.
Has anyone had experience of doing that? I’m afraid this may be a huge pain in the ass in our future path for our side project (e.g. getting investments, accelerators etc). For instance, YC wants you to upload a video publicly with the founders as a part of the application process...
I’d appreciate any guidance or tips. Thank you for reading!
#startup #VC #accelerators #help #legal #ip #contract
comments
I fought a prior employer on the IP battle. I won one, lost one. That employer didn’t care about IP though. There’s no way in hell I would fight against the IP machine that is IBM.
I think for now the smartest thing will be to have my other co-founder take all the public credit (he’s in school) and for me to paint myself to be a silent partner until we get enough revenue... not sure if itd be being dishonest to investors if we say so though.
And wow... how was it after quitting though? Did you make sure Amazon doesn’t include that clause in your contract? How did you manage your side thing after quitting?