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

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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Attorney answers (3)

Reputation Level 18
You need a lawyer ASAP to finalize this agreement - the e-mails are nice, but you need a formal agreement.
1 person marked this answer as good

Reputation Level 19
Ditto - you need a full partnership agreement as you have invested substantial capital already.
1 person marked this answer as good

Reputation Level 20
Seek legal advise in your locale.

Good luck.

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