Georgia developer's 30% profit-sharing claim rejected in October 29 appeals ruling

NewsWorld NewsUS NewsA Georgia software developer says he was promised 30% of profits from a joint venture in 2018; after the relationship broke down, an October 29 appeals ruling found no enforceable partnership and rejected his claims A Georgia software developer says he was promised 30% of profits from a joint venture in 2018; after the relationship broke down, an October 29 appeals ruling found no enforceable partnership and rejected his claims The dispute began in 2018, when Jeff White joined RutterKey Solutions LLC (RKS), a technology services company owned by Bruce Mortimer.

White worked as the company's Chief Technology Officer and Vice-President of Product Development, with the responsibility of building an in-house team to develop and license software solutions. According to White, he and Mortimer discussed creating a separate joint venture through which they would develop and commercialise software products.

In December 2018, they allegedly reached an oral agreement to establish a limited liability company, with White receiving 30% of the venture's profits and permission to operate it using his intellectual property.White later relied on a 2022 letter of intent (LOI), which referred to a mutual understanding to establish a partnership for product development under the RKS brand.

It also described a proposed 70-30 division of profits from software licensing or intellectual property sales, with White receiving the smaller share. However, the document stated that the partnership's final form and structure would be decided later with professional guidance.Relationship breaks down after five years You use AI every day.

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