I have been searching for a developer (team) to join me as a co-founder for a while now and found one so far. However, I have a gut feeling that the team is not sincerely interested in the project. Difficult in communicating, slow in answering simple questions. However, they agreed to team up for 30% of shares (their proposal) of the project to do the tech part. When we got the founders' agreement, there was a specific point I couldn't agree with. They requested to keep the IP rights in case they want to resign from the project. Considering the fact that I came up with the idea (which worths nothing, I do understand) and put it all in design already, I think, it doesn't sound fair. Besides, with a condition of resignment, they could just create it and then following our agreement keep the rights to sell it. Both, slow communication and termination risks tell me that it is not a good deal. However, it is right here and right now.
So I was wondering if it was the only way to build the company at the moment, should I play along or should I rather postpone the development of the technology until I find the right partner?
Not enough information. If you are not paying them, then them keeping IP rights is certainly reasonable if they are doing all the work. But slow and difficult to communicate with is a bad starting point.
Yes you are right until you find out right partner postpone the development process
That's the big question, i have the same problem i have a idea with business and finance background but i need someone in IT to creat the App or the Platform and what i want is Cofounder working together and build something .