Dear Experts,
one of my friend have a sofware company .they have some online products .recently they got a buseniss from one of the xyz company .they are asking to my friend to sale the product with source code .but my friend was not willing to sale the product with source code. and they are asking to my friend to join as independent director in there company .my friend decide to join as independent director in there company for following conditations .
1.the source code willl not explore any body expect my friend in that company.
2.my friend only give the product servie up to 5 years .
3.my friend asking them to charge the product price year wise .
4.my friend said them 'iam is for only technical issues need to look after .iam not involve any financial issues '
now my frined is looking for strong agreement with those people as per cyber act .
5.and is there any problem while my friend join as independent directoer of the company .
6.all ready my friend have md desgination in his company .
7.is there any problem occurs for that company in future is any thing bare by my friend as indepedent deirector.
and one more thinfg my friend did;tn take any salray from that company .
kindly let me know is there stron agreemnet for above business deal
