Disclaimer: Nothing contained in this article is intended to be legal advice or to predict the outcome in any instance. As stated herein, the outcome in any instance depends greatly upon a) the laws of the applicable jurisdiction, and b) the particular facts involved.
A tale of unintended consequences – one resulting in unexpected riches and the other resulting in unexpected liability – the case for documenting collaborative relationships and forming a separate LLC for each.
One of the technology industry’s most famous “collaboration gone bad” lawsuits is the Winklevosses’ lawsuit, against Mark Zuckerberg and Facebook (collectively, “Zuckerberg”), over . . .