What happens if I don't have a legal agreement in place with a business partner? My company is in Oregon.

Tigard, OR Viewed 21 times. Posted 6 months ago in Business

I have invested $37,000 in a pet store business but do not have a legal agreement in place. We have emails going back and forth with the partner indicating our agreement but nothing in writing. We are in Oregon.

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Answers (3)

Laura Mcfarland-Taylor

This attorney is licensed in Illinois. Posted 6 months ago.

You need a lawyer ASAP to finalize this agreement - the e-mails are nice, but you need a formal agreement.

Jonathan H Levy

This attorney is licensed in California and 1 other state. Posted 5 months ago.

Ditto - you need a full partnership agreement as you have invested substantial capital already.

Alan James Brinkmeier

This attorney is licensed in Illinois. Posted 5 months ago.

Seek legal advise in your locale.

Good luck.

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