Quote:
Originally Posted by Diomed
Question,
why are you selling this stuff instead of your partner?
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Easy enough answer. Business partner was a money man. Little computer knowledge.
His responsibilities were, the house to shoot at, the stills, the accounting.
Everything else I did. So he would not have a fucking clue on where to sell anything. But he needs money, and I already purchased the rights for content library. So that leaves clip stores, websites, and whatever. I wanted to simply close them, have him sign off the the partnership, close the business accounts and line of credit and be done.
However, since he needs all the money for his lawsuits, he sees the clip stores, content, and websites/url's as extra money. So even if sold for way below market value, he wants the money from them. I am not going to front him that money.
So selling off the assets for a song gets him the money for the assets, I get my signature on end of partnership, close accounts, and he can be on his merry lawsuit way.
I covered it in some other threads, but I do not expect everyone to read my every word. So it is easy enough to miss. However, simple enough answer.