I may have an oppurtunity to work with a friend to develop a software application that he has already noted he would eventually like to sell.
I would be the developer and act as a business analyst as well. Working with him to gather requirements and I am sure I will have my own ideas to lend. In the end I may not be the one to developing the final product just the prototype that he want to use in his business to test in real world situations.
My programming knowledge is limited to MS Access/VBA and some Oracle. The final product he wants to be web based (technolgy undecided). So I would need to learn fast ASP or something. But more than likely would work with him to contract developing of the final product.
So anyway I may end up doing this completely for free with the idea of getting a royalty and at least part ownership of the product.
Has anyone had this kind of the situtation? What is a reasonable expectation as far as royalties and ownership? Should I have a contract with him from the start? Am I in a better situation if I take no money upfront?
Thanks
etrain
Remember the Past, Plan for the Future, yet Live in the Present for tomorrow may never come.
-etrain
I would be the developer and act as a business analyst as well. Working with him to gather requirements and I am sure I will have my own ideas to lend. In the end I may not be the one to developing the final product just the prototype that he want to use in his business to test in real world situations.
My programming knowledge is limited to MS Access/VBA and some Oracle. The final product he wants to be web based (technolgy undecided). So I would need to learn fast ASP or something. But more than likely would work with him to contract developing of the final product.
So anyway I may end up doing this completely for free with the idea of getting a royalty and at least part ownership of the product.
Has anyone had this kind of the situtation? What is a reasonable expectation as far as royalties and ownership? Should I have a contract with him from the start? Am I in a better situation if I take no money upfront?
Thanks
etrain
Remember the Past, Plan for the Future, yet Live in the Present for tomorrow may never come.
-etrain