Is anyone aware of a standard promise or "contract" startups can sign with their... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

danielsiders on April 7, 2014 | parent | context | favorite | on: Cover is joining Twitter

Is anyone aware of a standard promise or "contract" startups can sign with their users that says if we close or get bought and the product is shut down we promise we'll open source it within X days under Y license?

This happens so often it would be great to have a standard and clear expectations.

Argorak on April 7, 2014 [–]

It would also add a lot of legal complexities to the buying process.

For example, what happens when "Cover" is discontinued, but it got bought for the underlying technology? It needs to be open sourced because of that.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact