Quote:
Originally Posted by L-Pink
But, you have to go into this assuming you might win nothing. With that in mind the start up funds and on-going expense percentages will be hard to agree on. Also figure in people leaving due to various causes.
Al Davis owner of the Oakland Raiders beat the NFL in an anti-trust lawsuit. He was even awarded triple damages. Only problem was the judge fixed the damage award at one dollar. Al got three bucks.
Not arguing the need of action being taken just pointing out the negatives.
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This is true. I could do into details about ways of working something like that out but this whole topic is too hard to go into without knowing the facts of the case first, the type of money people intend to go in with, the cost, etc.
But I do see what youre saying. It could get complicated, however I still believe negotiations could help overcome this as long as you have that all in mind. Or else look for multiple people going in with roughly the same amount, its how alot of businesses are formed.
But im sure deals like this have happened before and they (lawyers) can look back at how they were structured.
A few meetings with a lawyer and you would get a much better understanding.