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If he/she has these protections, they would not have posted asking for help. Truth is they likely have very few options, can be terminated any time the sharehol
by valuearb 6y ago
If he/she has these protections, they would not have posted asking for help. Truth is they likely have very few options, can be terminated any time the shareholder & founder want, and whatever shares they own will be diluted to 3% or less if they choose.
- jacquesm 6y agoPeople are rarely aware of all the details of their contracts. I know that must sound funny to those who won't sign anything without reading it and understanding it but it is't rare at all for someone to be handed a 'standard' contract and signing it without fully understanding all the implications. Hence my first advice to hire a lawyer.
- jacquesm 6y agoAnd that should have been 'isn't'.
- alisonkisk 6y agoOP doesn't really understand their situation or their rights; that's why the submission was created. Also considering the OP's writing, they probably don't fully grok the legalese of their contracts.