Partnership Agreement

  • Hi,

    I had been part of a business project where I have spent over 200 hours on software development. Involved is a money guy, the idea guy, and myself the techie guy. I decided to drop out of the project because after spending this much time, we still have not been able to establish a partnership agreement. My fear is, after doing the development and work, I would be told my value in the partnership is less than I expect or be terminated from the project. I’ve asked for a Partnership or at least an MDU to no avail where the money guy says he would only sign a very vague or general type of agreement.

    My question is, after putting so much time into this project without being able to get an agreement, would it be unethical for me to continue the project on my own?

  • rjjh78 (7/22/2016)


    Hi,

    I had been part of a business project where I have spent over 200 hours on software development. Involved is a money guy, the idea guy, and myself the techie guy. I decided to drop out of the project because after spending this much time, we still have not been able to establish a partnership agreement. My fear is, after doing the development and work, I would be told my value in the partnership is less than I expect or be terminated from the project. I’ve asked for a Partnership or at least an MDU to no avail where the money guy says he would only sign a very vague or general type of agreement.

    My question is, after putting so much time into this project without being able to get an agreement, would it be unethical for me to continue the project on my own?

    Depends what you signed up for. Did you sign any sort of contract?

    If you haven't even tried to resolve your issue, please don't expect the hard-working volunteers here to waste their time providing links to answers which you could easily have found yourself.

  • I got involved as a partner, but the terms of the partnership have not been defined. There was no initial contract or anything I signed. Since I worked many hours with no commitment, I was growing concerned about having an agreement so I tried to be proactive in facilitating. I created a proposal which was rejected without a counter offer so I dropped out. My fear was these guys (I don't know well) want me to do the work but didn't want to commit to anything. Its been couple months now, but still like the concept - though I am not the idea guy.

    No contract of any kind, but struggling if it is ethical or not to move forward with idea on my own ...

  • Think about it like this, they'll likely be more than happy to take your development work and move forward with it without you no reason you can't do the same with the idea.

Viewing 4 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic. Login to reply