| Re: Fair and reasonable ownership
I had a similiar situation in that my wife had been working almost full time on a site for 2 years and a good friend wanted to join our efforts (I was working part time) one thing that we did differently was that we put together an agreement upfront that covered the percentage ownership and break up clauses. It may be a little more difficult to do that now but I would go ahead and try. It was a very helpful process because I wrote most of it and I was looking at it from my view point and not his and we were able to discuss difficult issues because the document brought them up. I happened to have multiple sites and I took out ones that I had fully developed which does not seem to be your case.
To make a long story short though it did not work out and we broke up amicably and I think it was because we were friends and we had talked about a lot of the issues - specifically he was not putting his time in - so it was not a surprise to him that we needed to part ways. |