Shared software licensing

[multiplex77]

Hi,

I was engaged by Client to develop from scratch a web application for them. In the original contract that they signed before I began work, there was no mention about who will own the application after it is completed.

Subsequently, Client suggested that we could share the rights to the application, meaning that both of us can sell our copy to third parties and keep the fees.

Questions: Is this a common type of software license agreement and what is its name?

Thanks.

[JSonnabend]

Whether or not it's common may be besides the point.  It certainly is feasible legally (and perhaps from the business perspective as well).

Of course, if you're an independent contractor (likely the case), and there's no written provision about ownership/authorship of the code, then you're likely the copyright author and that could be very valuable.

- Jeff