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No money invested in. The manual is already written. It is an online book that people can use as a learning tool. I hope that this will be sucessful and that we sell atleast 100,000 copies at around £25 per copy.
Thanks for the reply. Yes we will from this point be generating sales. Although my friend produced the manual, hence retaining ownership. I cannot foresee selling the business in the future. If it is successful it will generate a steady income but very unlikely someone would wish to buy the rights for a considerable amount of money. But if the did, presumably it the copyrights were owned by my friend he could do this at anytime without the business?
Is there a way for him to retain the coyright so that he has authority but allows to company exclusive rights to selling the manual?
We have agreed that we will form a business partnership together. He would like to have the majority vote. But I don't know how this stands if he decides he would like me to leave the business? He would also like to retain the copyrights of the manual but I am unsure if the business retains the rights to sell how this stands.
Ok That sounds ideal. Are you able to assist me in a short paragraph that I could write in to the LLP to achieve this. Also, how to word the control of the partnership giving him the deciding vite but not allow either to be terminated from the business.
I have an LLP which we are about to sign. It is one that I have taken from a business I had in the past which was an internet business.
I do have one already. Is that something you would be able to look at for me?
Ok. So the manual owner writes a contract to say that the LLP has exclusive rights to sales and the LLP being both my partner and I have to have agree on this in writing. Is that correct?
The manual: Is called "The Ultimate B737 NG Technical Handbook". It is a technical handbook designed for pilots both new to the aircraft and pilots who are currently flying the Boeing 737 as a revision or refresher tool.
How do I create a licence agreement? Could you help me with this?