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We are developing a new software development tool. What should we watch out for if we're approached by a large software company offering an equity infusion and a collaborative arrangement?
Clearly identify and define your goals, including level of control you require, funding needs and marketing resources. Be sure that you receive a fair valuation, consider control issues and clearly articulate issues such as exclusivity, territory, rights to future inventions, payments or royalties, protection of proprietary rights and confidentiality, and cooperation or division of resources, including labeling.
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