Harris and Shawn welcome back legal expert and attorney, Mark Tyson. Mark shares some legal advice in negotiating contracts and how to handle particular pitfalls with your employer or contractor.
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In this episode of the Hello Blink Show, Harris and Shawn welcome back legal expert and attorney, Mark Tyson. Mark shares some legal advice in negotiating contracts and how to handle particular pitfalls with your employer or contractor.
- 43:47: Shawn: “Read your damn contract.”
- 3:17: Shawn opens the show by asking Mark about the invention of assignment clause in contracts as a conflict of interest for ownership.
- 7:18: Shawn discusses with Mark about forgoing statutes as an employee. Mark recommends negotiating your contract and understanding all of the terms/conditions.
- 10:20: Harris asks Mark about defining formal employment agreements as an employee with a small company or startup. Mark encourages listeners to be upfront with the employer and the reality behind trying to copyright ownership.
- 12:49: Shawn inquires with Mark about red flags in contracts and when to seek legal advice. Mark highlights what to be look out for in the contract language.
- 15:31: Shawn and Mark agree that everything is negotiable; Mark adds this can leverage your value including compensation, benefits, stock options, etc.
- 18:25: Mark explains his definition of inventions and how they are defined in contracts. He delves into the prior ownership clause and the importance of due diligence.
- 27:32: Mark responds to Harris’ comments on future success and how contract negotiation are formulated.
- 31:14: Mark explains the difference between prior ownership and background technology clauses and their implications.
- 33:37: Shawn asks Mark about disclosing prior inventions or body of works on contracts.
- 37:02: Harris asks Mark how people should approach seeking legal advice.
- 40:45: Mark discusses contract negotiation and reasons you need to ask good questions. He suggests sample agreements and why pricing isn’t always the benefit of the bargain.
- 44:34: Mark talks about the risk-analysis in the value of contracts for ownership.
- 46:48: Harris shares his final thoughts for the episode, and Mark adds that enforcing new contracts is contingent on additional independent consideration and covenants such as noncompetes or non-solicitations.
result from or are suggested by work performed by you for CLIENT or are conceived or reduced to practice during your contract term with CLIENT and relate to the business and products, or to the actual or demonstrably anticipated research or development of CLIENT.
Mark started his own law firm, Tyson Law PLLC, to help entrepreneurs and small businesses with their legal issues.
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