Legal Question in Business Law in Colorado
Hello, I recently entered into a verbal business partnership with a small company.
I invested over 3 months of part time work into this project, only to recently have things come to a sudden end.
The "operating agreement" was in process but I never signed. I have both other partners as witnesses as well as their lawyer that witnessed the communication with me as wanting to bring into their company.
Do I have a leg to stand on to try and obtain any compensation and/or buyout?
1 Answer from Attorneys
Based on your limited facts, I think you have some basis under contract or promissory estoppel theories. You also have some leverage on an employment basis depending on the facts.
I recommend that you speak with a business attorney so they can negotiate this matter and draft a good agreement.
Related Questions & Answers
-
I am going to buy a retail business store. I already made a lease contract with a... Asked 12/07/12, 8:53 am in United States Colorado Business Law
-
Started my company with partner then he fired me and kicked me and my kids out of... Asked 11/10/12, 7:14 pm in United States Colorado Business Law
-
I'm buying a business and will have to lease the RE. We want to buy the RE... Asked 7/26/12, 9:57 am in United States Colorado Business Law
-
How to estimate the amount of money company will win or lose if case goes to court?... Asked 5/28/12, 10:12 am in United States Colorado Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
