Hi OP here, thank you for your opinions. I just wanted to say that I thought that I had "thought it through" but apparently I didn't, it was more complicated than I thought it was. This is not the first time in my life that I thought I had thought something through, there have been numerous times actually in all aspects of my life. A year or so ago, I watched a Malcolm Gladwell talk on TED (http://www.ted.com/talks/malcolm_gladwell_on_spaghetti_sauce) where spaghetti sauce companies thought they had thought things through, but really didn't it. Of course I could have spend lots of time reading books, but even then I might have missed this. I just wanted to share my experience and ask for any advice (not legal) just advice/tips in general from others who had been in the same boat. So far the comments have been excellent and invaluable. They have taught me many things I didn't think of before, but more importantly it will help others who might be looking or are doing that same thing I was doing already on my side project.