This Forum has been archived there is no more new posts or threads ... use this link to report any abusive content
==> Report abusive content in this page <==
Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
how can i protect my food outlet ideas through a contract going into a partnership where its his premesis?
03-24-2014, 10:45 AM
Post: #1
how can i protect my food outlet ideas through a contract going into a partnership where its his premesis?
Hi.. thanks for looking.

i am about to open a restraunt doing a unique menu.. i have found someone who is going to basicaly give me his place and i get a third of profits and him 2 thirds.. i am oing everything.. the menu.. new name and logo and marketing.. im going to set up the online side , facebook, you tube etc etc.. he has said his conditions will be simple like if i dont turn up for work he can get rid etc..

i think its going to do well and am worried he maytry and get rid of me and keep my ideas/recipes etc..

how can i protect myself ?

Ads

Find all posts by this user
Quote this message in a reply
03-24-2014, 10:53 AM
Post: #2
 
Have a lawyer draw up a business contract specifying the duties, responsibilities, for each of you and consequences of a breach of contract. Draw up a non disclosure agreement for your recipes. Nothing can prevent him from kicking you out and stealing your recipes but if you have a contract and he does that you would have a very good chance of collecting a lot of money from him in a lawsuit, plus he's less likely to screw you if he knows in advance what it's likely to cost him.

Ads

Find all posts by this user
Quote this message in a reply
03-24-2014, 10:54 AM
Post: #3
 
Nice one. You set it up, do all the work, make a profit and he throws you out. This person is not as stupid as you are. You would need a watertight contract done through a Solicitor, but even then, he can still break the terms, get rid of you, and you would have to sue him, which is not free in the UK.
Disaster.
UK
Find all posts by this user
Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 1 Guest(s)