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Signing an intellectual property agreement to protect a business idea
Hi!
I have an idea and want to develop it into MVP. I am in the UAE and my friend who is in the US wants to help me to develop the product.
I trust him but without a legally binding document, there could be issues at the later date. We will register the company after trying out our MVP.
My question is, what sort of legal contract can I do with him?
Note: we haven't registered the company and he is in the US. I need to protect my MVP and he should use the idea to develop his own product.

Avrio Legal Group
19 Dec 2020, 14:50
Hi,
In such a case, it is strongly advised to implement an IP Agreement. The IP Agreement will effectively secure your rights and clearly state the obligations of your friend in the US.
For further information, please contact us at our email.
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