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    chochocho's Avatar
    chochocho Posts: 60, Reputation: 1
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    #1

    Nov 3, 2014, 05:49 AM
    Reasonable offer to an investor for an app's development
    Hi all,
    I have a mobile app idea and I have a company in mind that will develop the app, but the problem is that I can't afford the development cost for the app's development, so I think I'll need the help of an investor.
    When approaching an investor to fund the app's development, what's a reasonable offer to make to investor for investing in the app's development. Eg, 60%, 75% etc of the app's revenue will be for the investor.

    Also, to show my how serious I am to the potential investor, what will be my first approach to making sure our agreements/contracts is legally binding

    Thanks and I'll be glad someone can give me some tips on this issues.

    Ugo
    chochocho's Avatar
    chochocho Posts: 60, Reputation: 1
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    #2

    Nov 3, 2014, 05:55 AM
    Non Discolosure Agreement coverage for app ideas
    I have three mobile app ideas concepts that I designed and want an development company to look it and give a cost breakdown for the apps development, but I want the company to sign a Non Disclosure Agreement(NDA) with me first before I can show them the idea concepts for the cost breakdown.

    I wonder if signing one NDA agreement covers me for all my three ideas submitted to them or do I have to sign one for each idea's coverage.

    Thanks
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #3

    Nov 3, 2014, 06:14 AM
    ... what will be my first approach to making sure our agreements/contracts is legally binding [?] ...
    Run them by an attorney, of course.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,302, Reputation: 7692
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    #4

    Nov 3, 2014, 07:26 AM
    An attoreny show does patient law, may be good, along wth contract law.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #5

    Nov 3, 2014, 02:42 PM
    Patent attorneys are few and far between. And OP probably doesn't really need the app patented. But a regular attorney would be far better than no attorney, in this instance.
    chochocho's Avatar
    chochocho Posts: 60, Reputation: 1
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    #6

    Nov 3, 2014, 07:56 PM
    Thanks all for your answers. Can someone give me a cost estimate of drawing a legal contract with an investor for an app development in the state of Georgia or is the cost same for all states in the US.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #7

    Nov 4, 2014, 10:08 AM
    Quote Originally Posted by chochocho View Post
    Thanks all for your answers. Can someone give me a cost estimate of drawing a legal contract with an investor for an app development in the state of Georgia or is the cost same for all states in the US.
    You should ask an attorney how much it will cost. They will probably answer that it depends upon how complex the work turns out to be. And yes, I believe such legal fees would be substantially the same anywhere in the US. It depends on what any particular attorney wants to charge.
    chochocho's Avatar
    chochocho Posts: 60, Reputation: 1
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    #8

    Nov 10, 2014, 05:24 AM
    @Ak lawyer I really appreciate all your help
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #9

    Nov 10, 2014, 10:09 AM
    Quote Originally Posted by chochocho View Post
    @Ak lawyer I really appreciate all your help
    You are quite welcome. Good luck with your ap.

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