Legal Question in Business Law in New York

If only! No, you have no claims over general business ideas and suggestions you offered to someone unless there is a written agreement that specifies this with considerable particularity or if we are talking about formal intellectual property that has been protected.

If they do find you as a valuable resource, you are free to negotiate an interest in what they are doing of course.

If you would like to discuss further over a free phone consult, feel free to contact me anytime that is convenient.

Kind regards,

Frank

www.LanternLegal.com

866-871-8655

[email protected]

DISCLAIMER: this is not intended to be specific legal advice and should not be relied upon as such. No attorney-client relationship is formed on the basis

As my colleauge noted, generally speaking you would not have equity claims for giving friendly advice though it is not unheard of for people to come back years after the fact and sue the company with the hopes of settling.

However, it's better to negotiate something right now then possible sue in the future. My practice is devoted to start ups and we deal with such issues routinely. I can assist you to come to a quick legal agreement with your friend so that both of you will happy and well compensated.

Please contact my office at your earliest convenience.

Roman R. Fichman, Esq.

www.TheLegalists.com │ @TheLegalist

email: Info @ TheLegalists .com

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Disclaimer: This post has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. No intention exists to create an attorney-client relationship or any other special relationship or privilege through this post. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising.