A New York web designer is suing Facebook and its CEO Mark Zuckerberg for up to 85% ownership of the company for breach of contract. While a written contract does exist that provides for compensation of the design of the web site, the statute of limitations for contract disputes has run out. Professor Jonathan Askin, an expert on internet and telecommunications law, weighed in with the E-Commerce Times about the last minute dispute. He said, “Logically, these ownership challenges only occur after a company has value or is on the verge of success. Why would anyone sue a company before it has value?”
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Read more of Professor Askin on the FCC’s “expletive fine” in the Christian Science Monitor.
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