my-kart IP rights and member contributions

[TheFazz]

azlan posted the following… (edited relevant portions)

[quote=saa73]it’s certainly a good idea – to offer equity for those who have contributed to my-KART’s development, because the IP rights should be held by the company.

We should consider the following:
– Offering equity to those who have contributed and interested to contribute to my-KART, but not necessarily members of the club today.
– Offering equity to current committtee members of my-KART Selangor – not all, but active contributors only.
– Offering equity to other active contributors, not necessarily committee members – we need to identify these.

I don’t know how to go about it, but offering equity to me means they have to put in some commitment too…eg some $$$, not much, but enough to show commitment.[/quote]

[TheFazz]

we may need to think if this should be subscribed in cash or in kind. instead of cash injection, the company pays a fee to these IP contributors and contra against shares issued.

we need a table of services and rates perhaps. any thoughts on what services and how to measure the fair rates?

we also need to have a framework / mechanism to –

1/ list what constitutes “value” contributions
2/ moderate the “value” (market price based) of these contributions
3/ capture members’ contributions in a transparent manner (preferably
online – need programmers… televas as technical partner perhaps?)
4/ reward members with shares in mykart promotions sdn bhd (say at
discount to fair price)

[luen]

Pardon me, IP is?

Not internet protocol right? :shy:

[luen]

Yeah I got it , Intellectual Proporties. Sorry :shy:

[Author]

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