Sounds like a free-for-all, ie a nasty court battle. How can he own 30% of your company if he has nothing in writing? An email stating intent isnt the same as a

Sounds like a free-for-all, ie a nasty court battle. How can he own 30% of your company if he has nothing in writing? An email stating intent isnt the same as an email stating "You acknowledge i have given $x for x% of the company" and of course without a signature thats a pretty big presumption. Pretty much its an issue of whats more likely to piss him off and is it worth the cost of court.