A few years ago my business partner and i formed a company to produce a tv show(among other things.) My partner funded the project and I handled all technical and creative aspects of production while taking monthly "draws" against potential profits in the future. Recently we came to a verbal agreement that he would buy me out to gain full ownership of the project.
The day after we get all the details worked out, he decided to back out of our agreed upon deal and would like to "possibly" dissolve our partnership and still retain ownership of the intellectual property without purchasing my 50%. He also wants to continue the production of the show.
I'm sure he's talking to his lawyer right now to see if its possible. So, is it?