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Based on the information you have provided, you can easily establish your startup once you terminate your current employment. The clause restricting you from working in any other trade or business will no longer be valid after that. Similarly, if you start working on your startup after leaving the job, the employer will have no claim to your startup o...
Wazzeer Professional Network
ProfessionalI have plans to start a business with 3 of my friends, which would be SAAS product, which is by far a little similar to my current employers'. The employment contract that I had signed restricts me from performing any work directly or indirectly as an employer, employee, partner or advisor or freelancer or in any other capacity. and Any Intellectual property such as copyright, patent, trademarks etc with respect to any software products and solutions developed by me while employment. I have plans to resign from the currently employed firm in a couple of months, say in 1 year or so. Can we register this as a Pvt Ltd company or partnership based company while working under this agreement? Can my employer claim right on this startup? Is there any loophole to avoid this?
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Wazzeer Professional Network
ProfessionalBased on the information you have provided, you can easily establish your startup once you terminate your current employment. The clause restricting you from working in any other trade or business will no longer be valid after that. Similarly, if you start working on your startup after leaving the job, the employer will have no claim to your startup or the intellectual property you create thereafter. Additionally, to be safe from any future claim, you should not use your current employer’s equipment, supplies, facilities, or trade secret information, etc. in your startup.
On the other hand, if you continue with your current job and launch a startup at the same time, you may get sued by your employer. Registering yourself as a company or partnership while working at the job will have similar consequences.
We at Wazzeer have helped businesses in various sectors start smoothly without hassle. We would be very excited to help you kick your business and thereafter too. So let’s connect ->"Get Started!"
over 4 years ago
Based on the information you have provided, you can easily establish your startup once you terminate your current employment. The clause restricting you from working in any other trade or business will no longer be valid after that. Similarly, if you start working on your startup after leaving the job, the employer will have no claim to your startup o...
Wazzeer Professional Network
ProfessionalI have plans to start a business with 3 of my friends, which would be SAAS product, which is by far a little similar to my current employers'. The employment contract that I had signed restricts me from performing any work directly or indirectly as an employer, employee, partner or advisor or freelancer or in any other capacity. and Any Intellectual property such as copyright, patent, trademarks etc with respect to any software products and solutions developed by me while employment. I have plans to resign from the currently employed firm in a couple of months, say in 1 year or so. Can we register this as a Pvt Ltd company or partnership based company while working under this agreement? Can my employer claim right on this startup? Is there any loophole to avoid this?
-
Wazzeer Professional Network
ProfessionalBased on the information you have provided, you can easily establish your startup once you terminate your current employment. The clause restricting you from working in any other trade or business will no longer be valid after that. Similarly, if you start working on your startup after leaving the job, the employer will have no claim to your startup or the intellectual property you create thereafter. Additionally, to be safe from any future claim, you should not use your current employer’s equipment, supplies, facilities, or trade secret information, etc. in your startup.
On the other hand, if you continue with your current job and launch a startup at the same time, you may get sued by your employer. Registering yourself as a company or partnership while working at the job will have similar consequences.
We at Wazzeer have helped businesses in various sectors start smoothly without hassle. We would be very excited to help you kick your business and thereafter too. So let’s connect ->"Get Started!"
over 4 years ago
View answer
I have plans to start a business with 3 of my friends, which would be SAAS product, which is by far a little similar to my current employers'. The employment contract that I had signed restricts me from performing any work directly or indirectly as an employer, employee, partner or advisor or freelancer or in any other capacity. and Any Intellectual property such as copyright, patent, trademarks etc with respect to any software products and solutions developed by me while employment. I have plans to resign from the currently employed firm in a couple of months, say in 1 year or so. Can we register this as a Pvt Ltd company or partnership based company while working under this agreement? Can my employer claim right on this startup? Is there any loophole to avoid this?
-
Wazzeer Professional Network
ProfessionalBased on the information you have provided, you can easily establish your startup once you terminate your current employment. The clause restricting you from working in any other trade or business will no longer be valid after that. Similarly, if you start working on your startup after leaving the job, the employer will have no claim to your startup or the intellectual property you create thereafter. Additionally, to be safe from any future claim, you should not use your current employer’s equipment, supplies, facilities, or trade secret information, etc. in your startup.
On the other hand, if you continue with your current job and launch a startup at the same time, you may get sued by your employer. Registering yourself as a company or partnership while working at the job will have similar consequences.
We at Wazzeer have helped businesses in various sectors start smoothly without hassle. We would be very excited to help you kick your business and thereafter too. So let’s connect ->"Get Started!"
over 4 years ago -
Wazzeer Professional Network
ProfessionalBased on the information you have provided, you can easily establish your startup once you terminate your current employment. The clause restricting you from working in any other trade or business will no longer be valid after that. Similarly, if you start working on your startup after leaving the job, the employer will have no claim to your startup or the intellectual property you create thereafter. Additionally, to be safe from any future claim, you should not use your current employer’s equipment, supplies, facilities, or trade secret information, etc. in your startup.
On the other hand, if you continue with your current job and launch a startup at the same time, you may get sued by your employer. Registering yourself as a company or partnership while working at the job will have similar consequences.
We at Wazzeer have helped businesses in various sectors start smoothly without hassle. We would be very excited to help you kick your business and thereafter too. So let’s connect ->"Get Started!"
over 4 years ago
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