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Talk to lawyer, they will have suggestions. A buyout seems a plausible outcome. My previous company with two 50% cofounders had a provision, where in case of a
by DenisM 11y ago
Talk to lawyer, they will have suggestions. A buyout seems a plausible outcome.
My previous company with two 50% cofounders had a provision, where in case of an unresolvable disagreement both parties would make a blind offer to buy out the other party, and the higher offer wins.
- MaulingMonkey 11y agoInteresting! I'd always dismissed the idea of having a cofounder out of hand as "too risky", but that kind of provision would make the idea much more palatable.
- DenisM 11y agoIt was my lawyer suggested it. Talk to a lawyer who's done many startups, they have many creative ideas.