2 Comments Commercial law, litigation, contracts, IP, property law
You need that written agreement in place before you do anything further, ensure it has a good set of exit clauses, so that if either party wishes to withdraw from the arrangement it is clearly defined how this happens, who gets what and who pays who how much.
Who owns what percentage is something the two of you need to agree about before this goes any further, or you are going to come unstuck. Equal partners works the most effectively.
Ending an agreement is the area that causes most problems and often ends up eating up years of profits in legal expenses.