kaitnieks

I never expected to do this but here we are 3 people creating a startup. Two of us are programmers, building separate parts of the system (frontend/backend) and the third guy is designer/investor.

We are trying to draw an agreement as part of the documents to establish the company legally. One of the issues we don't know what to do with is the question of intellectual property. Does source code belong to company or to programmers? Can programmers use the code (functions, libraries) in other of their projects?

I proposed that the code belongs to the company but the author is allowed to use the code in other projects that are not similar to our company project. The other programmer disagrees and thinks that the code should belong to its author.

What are the common practices regarding this?

Thanks.