| ||Ask HN: Should I sign this agreement?|
22 points by neilni on Apr 2, 2014 | hide | past | web | favorite | 48 comments |
I made an iOS ecommerce app, along with backend server and a simple web-app POS system. My co-creator asked me to sign a standard NDA agreement except it specifies that I am an unpaid intern. My instinct tells me not to sign it.|
Here is the whole story:
I am a senior engineering student. This is my last semester at school, and I thought it would be an excellent experience to be in a venture course and try something different. The course is offered by the school's business school, and it is taken primarily by business students who have had professional experience and are seriously considering starting a venture. The speakers, pitches, and quality of the students' participation have been a great learning experience for me so far.
My co-creator, an EMBA student, and I are taking the course as a way to iterate through our product and process. She is in charge of the business model, and I am doing the coding.
Our professors urged everyone to start talking about equity splitting as soon as possible; and my co-creator had a really simple answer to that: "I should have 100%," she said.
She knew that I had accepted a full-time offer prior to starting the class and that started this project with her because I saw it as a chance to learn more about business.
So far, I am on my final testing of the iOS MVP app, getting ready to submit to app store anytime this week. Along with the app, I also wrote the backend to support all interactions for the iOS app, and another simple inventory POS web-app.
She just sent me this NDA to sign, specifying that I enter the agreement as "an unpaid student intern". Everything else seems rather standard, but I'm not sure if I should sign it. Any thoughts?
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