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Are your options on paper? Lawyer is a good idea, and even if you have any informal documentation like emails you should be in decent shape, but having this har
by incanus77 12y ago
Are your options on paper? Lawyer is a good idea, and even if you have any informal documentation like emails you should be in decent shape, but having this hard on paper is the only way to be sure. In the absence of an anti-dilution clause, the wording of however you acquired your 10% will help to define the intent and whether you can actually resist the dilution.
If you feel there is a lot of potential in the stock, don't skimp on legal fees. I was involved in a bit of a complicated shares (not option) situation and $1500+USD was certainly worth it in the end.
- incanus77 12y agoIn light of some of the lawyer-equals-adversarial comments above, I should clarify: definitely don't tackle your partners with a lawyer. What I'm suggesting is hire a lawyer you like / you get through a trusted recommendation to read things from your point of view, then give you advice at the present time. A good lawyer will present things as they stand, but also let you know where the line exists between asking for what is fair and pressing your case more strongly / becoming more adversarial. They will leave the choices to you, but they will inform you well of the spectrum of choices that you have.