Questions

My investor wanted to partner up instead of just investing, he hasn't met any of obligations as a partner and now I'm stuck with just 50% of my company. We didn't write up a contract so I only have a verbal (email) agreement. He wanted me to pay back the investment money if the startup didn't work. What should I do? I can't pay back the investment (although I'd love to).

A. What country are you in
B. did you verbally agree to pay him back
C. Is company generating income? Profitable?


Answered 7 years ago

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