Legal Structure
A verbal contract isn’t worth the paper it’s written on.
Like many smart young software engineers, Mark Zuckerberg did a lot of contract work for an array of clients while he was in college. Often, these gigs were short term in nature, but they tended to generate thousands of dollars for him. In fact, the money actually helped him pay his way through Harvard.
However, Zuckerberg did not understand the risks of these engagements. What if he developed a product or program that ultimately conflicted with the creation of Facebook? Might he be giving away his valuable intellectual property? As it turned out, the contract ...
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