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My co-founders won't let me start a similar idea after buying me out

So apparently if I quit the currently startup I am working on - me and my co-founder have been having issues with keeping it up and running due to conflict of interest. I have a few questions

1. Can I start a company with a similar idea if he buys my shares in this company

2. I am the designer who own the complete IP of the UX and gesture idea I built (note: I did not code, code is owned by my devs) Does he have to buy my IP as well if I haven't signed any IP related contact? How much can I price my IP for him to buy out?

3. If I exit the company, can I build something similar again? Or am I bound legally to not do so unless I sign a contact?

Thanks!

2 points jayantrao94 9 years ago 12 comments

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