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Comment Re:Ask for Revenue Sharing and Shares (Score 5, Insightful) 315

This is very complex and most likely the business owners haven't thought it all out.
  1. Waiting until 5 years is up is not a good idea (and I assume they don't want to give it to you up front). Who knows what will happen. Ask for it one year at a time - or even better one month at a time - in advance.
  2. Get tax advice. You are in dangerous territory.
  3. Asking for 10% of the profits is interesting but theres an old saying in business that the 20% owner gets paid what the 80% owner wants them to. Its hard to stop the owner (say) takinga big salary and depleting the profits that way.
  4. Consider a "roulette clause". With this, either party can offer to buy the other one out. The trick is that if they refuse, then you can demand they buy you out. This avoids stalemate, which is very destructive in this situation.
  5. Good luck!
Education

Submission + - MIT Sues Frank Gehry Over Buggy $300M CS Building

theodp writes: "MIT has filed a negligence suit against world-renowned architect Frank Gehry, charging that flaws in his design of the $300 million Stata Center, one of the most celebrated works of architecture unveiled in years, caused leaks to spring, masonry to crack, mold to grow, and drainage to back up. The complex, which houses a Who's Who of Computing including Tim Berners-Lee and Richard Stallman, includes the William H. Gates Building."

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