I have a question.
Let’s say that a Company develops a Concept and hires a Vendor to build the Concept so that the Company can offer it to its clients as a value-added service. After some mild success utilizing the Concept, the Company engages the Vendor in a business partnership to develop the Concept for a larger market. Vendor agrees. After several months, business plan stagnates. Vendor breaks partnership and sells the Concept to an outside investor as their own IP.
My question is this – is this legal?
I’m currently engaged in a similar scenario I’m not the Vendor. The concept (which was never patented) is a mobile app (for iOS). I thought IP law was pretty clear in that ‘if you think it, you own it’ – especially considering the Vendor was paid in-full.
Side note – some people are just bad. Be careful who you do business with.