I'm a little unsure what to make of the situation I'm in and hoping someone here can help a bit. I've been working with a startup for the past 18 months to develop a product that we've now brought to market, but that isn't selling very well.
I was recently contacted by the CTO asking me to sign a form assigning a patent that he and I are the inventor of for the amount of $20. Based on the assignment form I have a vague idea of what the patent is covering but I had no involvement in the actual filing of the patent, just heard the occasional comment that they were applying for a patent.
I don't have a contract in place with the company, and the work I did for them was in exchange for an equity stake as well as a small monthly payment (~10% of my normal rates) to help cover costs of materials and equipment.
Overall I'm wondering if I should agree to signing this as is, make amendments, or not agree all together.