Once it got hostile. Allocate some money to hire a lawyer. Have your lawyer send him an email as a first step with your buy out terms. This would be skipping a step I went through which was the disagreement where we realized we weren’t good for each other in business anymore.
Let your partner sit on that a while. He has no leg to stand on, and if folds and competes with an identical business you can sue him on grounds against his Fiduciary Duties to the current business.
Once it got hostile. Allocate some money to hire a lawyer. Have your lawyer send him an email as a first step with your buy out terms. This would be skipping a step I went through which was the disagreement where we realized we weren’t good for each other in business anymore.
Let your partner sit on that a while. He has no leg to stand on, and if folds and competes with an identical business you can sue him on grounds against his Fiduciary Duties to the current business.
Maybe also google “Fiduciary Duties”.