VC Deal Negotiation: co-founder leaving before cliff

Started by gighustle_19 · Oct 28, 2023 · 604 views · 3 replies

For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.

gighustle_19 OP Oct 29, 2023

I've been trying to resolve this on my own but I'm stuck.

co-founder leaving before cliff. I've been dealing with this for about 5 weeks now and the situation isn't improving.

I have already done some research online but did not get a clear answer.

Should I hire a lawyer for this or try to handle it myself?

IRS

kyle_m_co_6 Jan 4

Small claims court update: filed my case, hearing is in 6 weeks. The filing fee was only $75 and I don't need a lawyer. The court clerk was actually very helpful in explaining the process. If your claim is under $10K (or $12.5K in some states), small claims is the way to go.

CCY

deskjockey_2 Contributor Mar 3

One thing worth mentioning: if the other party violates a settlement agreement, you can go back to court for enforcement. Make sure any settlement is in writing and signed by all parties. Verbal agreements are much harder to enforce.

VC Deal Negotiation: co-founder leaving before cliff

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