2 ms·
Maybe equal to the cash value of the 30 hours of work. If you were to sell shares in the amount their work was worth. But most likely you just pay them in cash
by cdvonstinkpot 13y ago
Maybe equal to the cash value of the 30 hours of work. If you were to sell shares in the amount their work was worth.
But most likely you just pay them in cash & call it a done deal. Without written documents awarding equity I'd say an expectation of equity is out of line.
- flannelfounder 13y agoMakes sense. If they demand equity, how would you respond to that? Are there legal ramifications? ( putting your friendship aside.. )
- cdvonstinkpot 13y agoThen I'd say at the very least the friendship's over. You might look into hiring an attorney to defend yourself, but I wouldn't worry about it too much since their demand wouldn't have a legal leg to stand on being that there was never any written or signed agreement stating they were due any equity. Let them sue you & lose I guess. But then I'm no attorney, so don't take my word for it.