Hi there

I need a bit of legal advice.

We have created some software code (version 1) that  is relatively simple
but functional, and is effectively a MVP. There's nothing unique about it,
and any development team - given the time and budget - will be able to
develop it.

Another company has requested the code to do a demo for a client and then
the ability to expand the code - create new features and fully own the
version 2 of the code.

We are happy to enable them to do that (create a derivative) for a fixed
fee.

However, we also want to continue to use Version 1 and build on that and
create products.

Are there any complications that can arise from this? Are there past
examples of this kind of arrangement being done?

If there's anyone who can give feedback or advice on the above, I'd really
appreciate if you can directly email me back.

Thanks so much, best, Sam.

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