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by cwkoss
2457 days ago
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I'd tell him that he has two options: - Find an amicable agreement to buy you out in the short term or - You'll back up all of your documentation around incorporation and wait until the app gets larger, hire a lawyer and go after 40% of the significantly higher value. You have a solid claim, and this would be much more painful for him. He has a fiduciary duty to protect the value of your share, if he takes action to attempt to devalue your portion he could be personally liable to make you whole for more than 40%. Especially egregious action could rise to the level of criminality. Either way, probably worth consulting with a lawyer now. |
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