Should I inform a business partner who has blocked me about my decision to no longer perform my...
QUESTION: My business partner has blocked me from contacting him personally and no longer contributes to our business. Is it necessary to inform him that I no longer will be performing my responsibilities as outlined in our agreement?
My co-founder 'Bob' and I have a Partnership Agreement to run a small online business - a Youtube channel along with a few social media accounts. His responsibilities were research and recording audio; mine were research, video production, and running the social media accounts. Our venture has not earned any money. Bob also was my long distance relationship boyfriend.
Bob's contribution since the beginning of the venture has been up-and-down. There were a few weeks in which he would record as per the schedule we agreed upon, and then stop after a minor setback (ie. our videos did not receive views/comments). I would ask him from time to time to return to schedule, but he asked me to stop doing so. He did, however, buy a ~$30 microphone to record, of his own volition. He never stated that he no longer wanted to be business partners. I take responsibility for being too lax in negotiating.
On the other hand, I kept to the video production schedule, and I have updated (and continue to update) the social media accounts everyday.
A few months ago Bob and I broke up amicably, but did not discuss what to do with the business. I continued updating the social media accounts during that time. After about a month or so to let the steam cool, I called Bob up to say that I was still interested in running the business and if he was interested in continuing our SOLELY business partnership. He indicated that he was interested in recording again.
The next day I found out that Bob had blocked my personal lines of contact to him.
I have not tried contacting him since then, but I have continued to update the social media accounts. I am no longer interested in doing so, and would like to know if it would be necessary to inform Bob, who is still in a Partnership Agreement with me, that I will no longer be performing my responsibilities as outlined in the agreement. He has not blocked the business's e-mail or social media accounts.
conflict partnership
New contributor
|
show 3 more comments
QUESTION: My business partner has blocked me from contacting him personally and no longer contributes to our business. Is it necessary to inform him that I no longer will be performing my responsibilities as outlined in our agreement?
My co-founder 'Bob' and I have a Partnership Agreement to run a small online business - a Youtube channel along with a few social media accounts. His responsibilities were research and recording audio; mine were research, video production, and running the social media accounts. Our venture has not earned any money. Bob also was my long distance relationship boyfriend.
Bob's contribution since the beginning of the venture has been up-and-down. There were a few weeks in which he would record as per the schedule we agreed upon, and then stop after a minor setback (ie. our videos did not receive views/comments). I would ask him from time to time to return to schedule, but he asked me to stop doing so. He did, however, buy a ~$30 microphone to record, of his own volition. He never stated that he no longer wanted to be business partners. I take responsibility for being too lax in negotiating.
On the other hand, I kept to the video production schedule, and I have updated (and continue to update) the social media accounts everyday.
A few months ago Bob and I broke up amicably, but did not discuss what to do with the business. I continued updating the social media accounts during that time. After about a month or so to let the steam cool, I called Bob up to say that I was still interested in running the business and if he was interested in continuing our SOLELY business partnership. He indicated that he was interested in recording again.
The next day I found out that Bob had blocked my personal lines of contact to him.
I have not tried contacting him since then, but I have continued to update the social media accounts. I am no longer interested in doing so, and would like to know if it would be necessary to inform Bob, who is still in a Partnership Agreement with me, that I will no longer be performing my responsibilities as outlined in the agreement. He has not blocked the business's e-mail or social media accounts.
conflict partnership
New contributor
3
"am no longer interested in doing so, and would like to know if it would be necessary to inform Bob" - what does your Partnership Agreement specify regarding the penalties for non-performance? You may lose your stake in the business. It sounds like this Partnership has run it's course anyway.
– Joe Strazzere
18 hours ago
1
It may come under Voluntary Withdrawal, which would lead to the dissolution of the partnership and an equal split up of its (non-existent) assets. However, Bob has not been performing his responsibilities for longer than I. EDIT: To clarify, we each would keep what we have invested/done (so Bob would keep his microphone, etc.).
– d7s4key4vV
18 hours ago
Can you please edit the post and make the question obvious? I can only see a story...
– virolino
18 hours ago
I have edited the post.
– d7s4key4vV
18 hours ago
1
@d7s4key4vV - you should consult your attorney soon. You may be required to notify the other party, depending solely on what the Agreement says and how it could be interpreted legally. This is a legal/contractual question, not a workplace question.
– Joe Strazzere
17 hours ago
|
show 3 more comments
QUESTION: My business partner has blocked me from contacting him personally and no longer contributes to our business. Is it necessary to inform him that I no longer will be performing my responsibilities as outlined in our agreement?
My co-founder 'Bob' and I have a Partnership Agreement to run a small online business - a Youtube channel along with a few social media accounts. His responsibilities were research and recording audio; mine were research, video production, and running the social media accounts. Our venture has not earned any money. Bob also was my long distance relationship boyfriend.
Bob's contribution since the beginning of the venture has been up-and-down. There were a few weeks in which he would record as per the schedule we agreed upon, and then stop after a minor setback (ie. our videos did not receive views/comments). I would ask him from time to time to return to schedule, but he asked me to stop doing so. He did, however, buy a ~$30 microphone to record, of his own volition. He never stated that he no longer wanted to be business partners. I take responsibility for being too lax in negotiating.
On the other hand, I kept to the video production schedule, and I have updated (and continue to update) the social media accounts everyday.
A few months ago Bob and I broke up amicably, but did not discuss what to do with the business. I continued updating the social media accounts during that time. After about a month or so to let the steam cool, I called Bob up to say that I was still interested in running the business and if he was interested in continuing our SOLELY business partnership. He indicated that he was interested in recording again.
The next day I found out that Bob had blocked my personal lines of contact to him.
I have not tried contacting him since then, but I have continued to update the social media accounts. I am no longer interested in doing so, and would like to know if it would be necessary to inform Bob, who is still in a Partnership Agreement with me, that I will no longer be performing my responsibilities as outlined in the agreement. He has not blocked the business's e-mail or social media accounts.
conflict partnership
New contributor
QUESTION: My business partner has blocked me from contacting him personally and no longer contributes to our business. Is it necessary to inform him that I no longer will be performing my responsibilities as outlined in our agreement?
My co-founder 'Bob' and I have a Partnership Agreement to run a small online business - a Youtube channel along with a few social media accounts. His responsibilities were research and recording audio; mine were research, video production, and running the social media accounts. Our venture has not earned any money. Bob also was my long distance relationship boyfriend.
Bob's contribution since the beginning of the venture has been up-and-down. There were a few weeks in which he would record as per the schedule we agreed upon, and then stop after a minor setback (ie. our videos did not receive views/comments). I would ask him from time to time to return to schedule, but he asked me to stop doing so. He did, however, buy a ~$30 microphone to record, of his own volition. He never stated that he no longer wanted to be business partners. I take responsibility for being too lax in negotiating.
On the other hand, I kept to the video production schedule, and I have updated (and continue to update) the social media accounts everyday.
A few months ago Bob and I broke up amicably, but did not discuss what to do with the business. I continued updating the social media accounts during that time. After about a month or so to let the steam cool, I called Bob up to say that I was still interested in running the business and if he was interested in continuing our SOLELY business partnership. He indicated that he was interested in recording again.
The next day I found out that Bob had blocked my personal lines of contact to him.
I have not tried contacting him since then, but I have continued to update the social media accounts. I am no longer interested in doing so, and would like to know if it would be necessary to inform Bob, who is still in a Partnership Agreement with me, that I will no longer be performing my responsibilities as outlined in the agreement. He has not blocked the business's e-mail or social media accounts.
conflict partnership
conflict partnership
New contributor
New contributor
edited 18 hours ago
d7s4key4vV
New contributor
asked 18 hours ago
d7s4key4vVd7s4key4vV
263
263
New contributor
New contributor
3
"am no longer interested in doing so, and would like to know if it would be necessary to inform Bob" - what does your Partnership Agreement specify regarding the penalties for non-performance? You may lose your stake in the business. It sounds like this Partnership has run it's course anyway.
– Joe Strazzere
18 hours ago
1
It may come under Voluntary Withdrawal, which would lead to the dissolution of the partnership and an equal split up of its (non-existent) assets. However, Bob has not been performing his responsibilities for longer than I. EDIT: To clarify, we each would keep what we have invested/done (so Bob would keep his microphone, etc.).
– d7s4key4vV
18 hours ago
Can you please edit the post and make the question obvious? I can only see a story...
– virolino
18 hours ago
I have edited the post.
– d7s4key4vV
18 hours ago
1
@d7s4key4vV - you should consult your attorney soon. You may be required to notify the other party, depending solely on what the Agreement says and how it could be interpreted legally. This is a legal/contractual question, not a workplace question.
– Joe Strazzere
17 hours ago
|
show 3 more comments
3
"am no longer interested in doing so, and would like to know if it would be necessary to inform Bob" - what does your Partnership Agreement specify regarding the penalties for non-performance? You may lose your stake in the business. It sounds like this Partnership has run it's course anyway.
– Joe Strazzere
18 hours ago
1
It may come under Voluntary Withdrawal, which would lead to the dissolution of the partnership and an equal split up of its (non-existent) assets. However, Bob has not been performing his responsibilities for longer than I. EDIT: To clarify, we each would keep what we have invested/done (so Bob would keep his microphone, etc.).
– d7s4key4vV
18 hours ago
Can you please edit the post and make the question obvious? I can only see a story...
– virolino
18 hours ago
I have edited the post.
– d7s4key4vV
18 hours ago
1
@d7s4key4vV - you should consult your attorney soon. You may be required to notify the other party, depending solely on what the Agreement says and how it could be interpreted legally. This is a legal/contractual question, not a workplace question.
– Joe Strazzere
17 hours ago
3
3
"am no longer interested in doing so, and would like to know if it would be necessary to inform Bob" - what does your Partnership Agreement specify regarding the penalties for non-performance? You may lose your stake in the business. It sounds like this Partnership has run it's course anyway.
– Joe Strazzere
18 hours ago
"am no longer interested in doing so, and would like to know if it would be necessary to inform Bob" - what does your Partnership Agreement specify regarding the penalties for non-performance? You may lose your stake in the business. It sounds like this Partnership has run it's course anyway.
– Joe Strazzere
18 hours ago
1
1
It may come under Voluntary Withdrawal, which would lead to the dissolution of the partnership and an equal split up of its (non-existent) assets. However, Bob has not been performing his responsibilities for longer than I. EDIT: To clarify, we each would keep what we have invested/done (so Bob would keep his microphone, etc.).
– d7s4key4vV
18 hours ago
It may come under Voluntary Withdrawal, which would lead to the dissolution of the partnership and an equal split up of its (non-existent) assets. However, Bob has not been performing his responsibilities for longer than I. EDIT: To clarify, we each would keep what we have invested/done (so Bob would keep his microphone, etc.).
– d7s4key4vV
18 hours ago
Can you please edit the post and make the question obvious? I can only see a story...
– virolino
18 hours ago
Can you please edit the post and make the question obvious? I can only see a story...
– virolino
18 hours ago
I have edited the post.
– d7s4key4vV
18 hours ago
I have edited the post.
– d7s4key4vV
18 hours ago
1
1
@d7s4key4vV - you should consult your attorney soon. You may be required to notify the other party, depending solely on what the Agreement says and how it could be interpreted legally. This is a legal/contractual question, not a workplace question.
– Joe Strazzere
17 hours ago
@d7s4key4vV - you should consult your attorney soon. You may be required to notify the other party, depending solely on what the Agreement says and how it could be interpreted legally. This is a legal/contractual question, not a workplace question.
– Joe Strazzere
17 hours ago
|
show 3 more comments
3 Answers
3
active
oldest
votes
The business has no assets and no employees. The question does not say if the partnership agreement has any penalties you are worried about running afoul of.
From a legal requirements standpoint, given the lack of stuff to wind down, as long as your Partnership Agreement has no penalties you want to avoid, I see no requirement for notification.
From an interpersonal standpoint, Bob's actions suggest he lacks the drive to keep going with the business but is not comfortable saying that out loud. Given the poor verbal communication history, letting your actions speak for themselves (like he has done) will be the most effective course. (Again, no notification required.)
"From a legal requirements standpoint, given the lack of stuff to wind down, as long as your Partnership Agreement has no penalties you want to avoid, I see no requirement for notification." - are you lawyer?
– Joe Strazzere
13 hours ago
add a comment |
would like to know if it would be necessary to inform Bob
Wait to see if he continues to do his. If not, it means hes broke any potential partnership agreement terms. Take evidence of this and you do the same. This way you both no longer have to perform your responsibilities and if he does try to take action and say x and y. It means you can show proof that he hasn't been doing them either (just to make sure).
You also stated in the comments that it may come under Voluntary withdrawal which means you equally split non-existent assets so it shouldn't be a problem anyway but take proof just in case, this way you don't have to chase him through every avenue to contact him.
The next day I found out that Bob had blocked my personal lines of contact to him.
This was likely his way of actually saying "I no longer want to perform these responsibilities". Clearly incapable or unwilling to actually say this when you mentioned.
add a comment |
It sounds like you are doing the right things so far.
You should take reasonable steps to confirm with him what his plans are. You should also give him a reasonable deadline to get back to you. (A couple of weeks).
If you want to close things off, you should communicate that you are willing to pay for the remaining business assets, which from what I can gather is the value of a used $30 microphone.
Also, you should immediately record all your actions regarding the business and including all attempts to communicate with him.
I would not involve a lawyer. It's honestly not worth the time or the effort, but while things are fresh in your mind, just get it all on paper.
If he does get back to you and you wish to continue, you need to make sure you form a new agreement about how and when the business will dissolve.
add a comment |
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3 Answers
3
active
oldest
votes
3 Answers
3
active
oldest
votes
active
oldest
votes
active
oldest
votes
The business has no assets and no employees. The question does not say if the partnership agreement has any penalties you are worried about running afoul of.
From a legal requirements standpoint, given the lack of stuff to wind down, as long as your Partnership Agreement has no penalties you want to avoid, I see no requirement for notification.
From an interpersonal standpoint, Bob's actions suggest he lacks the drive to keep going with the business but is not comfortable saying that out loud. Given the poor verbal communication history, letting your actions speak for themselves (like he has done) will be the most effective course. (Again, no notification required.)
"From a legal requirements standpoint, given the lack of stuff to wind down, as long as your Partnership Agreement has no penalties you want to avoid, I see no requirement for notification." - are you lawyer?
– Joe Strazzere
13 hours ago
add a comment |
The business has no assets and no employees. The question does not say if the partnership agreement has any penalties you are worried about running afoul of.
From a legal requirements standpoint, given the lack of stuff to wind down, as long as your Partnership Agreement has no penalties you want to avoid, I see no requirement for notification.
From an interpersonal standpoint, Bob's actions suggest he lacks the drive to keep going with the business but is not comfortable saying that out loud. Given the poor verbal communication history, letting your actions speak for themselves (like he has done) will be the most effective course. (Again, no notification required.)
"From a legal requirements standpoint, given the lack of stuff to wind down, as long as your Partnership Agreement has no penalties you want to avoid, I see no requirement for notification." - are you lawyer?
– Joe Strazzere
13 hours ago
add a comment |
The business has no assets and no employees. The question does not say if the partnership agreement has any penalties you are worried about running afoul of.
From a legal requirements standpoint, given the lack of stuff to wind down, as long as your Partnership Agreement has no penalties you want to avoid, I see no requirement for notification.
From an interpersonal standpoint, Bob's actions suggest he lacks the drive to keep going with the business but is not comfortable saying that out loud. Given the poor verbal communication history, letting your actions speak for themselves (like he has done) will be the most effective course. (Again, no notification required.)
The business has no assets and no employees. The question does not say if the partnership agreement has any penalties you are worried about running afoul of.
From a legal requirements standpoint, given the lack of stuff to wind down, as long as your Partnership Agreement has no penalties you want to avoid, I see no requirement for notification.
From an interpersonal standpoint, Bob's actions suggest he lacks the drive to keep going with the business but is not comfortable saying that out loud. Given the poor verbal communication history, letting your actions speak for themselves (like he has done) will be the most effective course. (Again, no notification required.)
answered 17 hours ago
LyrlLyrl
1,0932913
1,0932913
"From a legal requirements standpoint, given the lack of stuff to wind down, as long as your Partnership Agreement has no penalties you want to avoid, I see no requirement for notification." - are you lawyer?
– Joe Strazzere
13 hours ago
add a comment |
"From a legal requirements standpoint, given the lack of stuff to wind down, as long as your Partnership Agreement has no penalties you want to avoid, I see no requirement for notification." - are you lawyer?
– Joe Strazzere
13 hours ago
"From a legal requirements standpoint, given the lack of stuff to wind down, as long as your Partnership Agreement has no penalties you want to avoid, I see no requirement for notification." - are you lawyer?
– Joe Strazzere
13 hours ago
"From a legal requirements standpoint, given the lack of stuff to wind down, as long as your Partnership Agreement has no penalties you want to avoid, I see no requirement for notification." - are you lawyer?
– Joe Strazzere
13 hours ago
add a comment |
would like to know if it would be necessary to inform Bob
Wait to see if he continues to do his. If not, it means hes broke any potential partnership agreement terms. Take evidence of this and you do the same. This way you both no longer have to perform your responsibilities and if he does try to take action and say x and y. It means you can show proof that he hasn't been doing them either (just to make sure).
You also stated in the comments that it may come under Voluntary withdrawal which means you equally split non-existent assets so it shouldn't be a problem anyway but take proof just in case, this way you don't have to chase him through every avenue to contact him.
The next day I found out that Bob had blocked my personal lines of contact to him.
This was likely his way of actually saying "I no longer want to perform these responsibilities". Clearly incapable or unwilling to actually say this when you mentioned.
add a comment |
would like to know if it would be necessary to inform Bob
Wait to see if he continues to do his. If not, it means hes broke any potential partnership agreement terms. Take evidence of this and you do the same. This way you both no longer have to perform your responsibilities and if he does try to take action and say x and y. It means you can show proof that he hasn't been doing them either (just to make sure).
You also stated in the comments that it may come under Voluntary withdrawal which means you equally split non-existent assets so it shouldn't be a problem anyway but take proof just in case, this way you don't have to chase him through every avenue to contact him.
The next day I found out that Bob had blocked my personal lines of contact to him.
This was likely his way of actually saying "I no longer want to perform these responsibilities". Clearly incapable or unwilling to actually say this when you mentioned.
add a comment |
would like to know if it would be necessary to inform Bob
Wait to see if he continues to do his. If not, it means hes broke any potential partnership agreement terms. Take evidence of this and you do the same. This way you both no longer have to perform your responsibilities and if he does try to take action and say x and y. It means you can show proof that he hasn't been doing them either (just to make sure).
You also stated in the comments that it may come under Voluntary withdrawal which means you equally split non-existent assets so it shouldn't be a problem anyway but take proof just in case, this way you don't have to chase him through every avenue to contact him.
The next day I found out that Bob had blocked my personal lines of contact to him.
This was likely his way of actually saying "I no longer want to perform these responsibilities". Clearly incapable or unwilling to actually say this when you mentioned.
would like to know if it would be necessary to inform Bob
Wait to see if he continues to do his. If not, it means hes broke any potential partnership agreement terms. Take evidence of this and you do the same. This way you both no longer have to perform your responsibilities and if he does try to take action and say x and y. It means you can show proof that he hasn't been doing them either (just to make sure).
You also stated in the comments that it may come under Voluntary withdrawal which means you equally split non-existent assets so it shouldn't be a problem anyway but take proof just in case, this way you don't have to chase him through every avenue to contact him.
The next day I found out that Bob had blocked my personal lines of contact to him.
This was likely his way of actually saying "I no longer want to perform these responsibilities". Clearly incapable or unwilling to actually say this when you mentioned.
edited 16 hours ago
answered 17 hours ago
TwyxzTwyxz
12.8k103879
12.8k103879
add a comment |
add a comment |
It sounds like you are doing the right things so far.
You should take reasonable steps to confirm with him what his plans are. You should also give him a reasonable deadline to get back to you. (A couple of weeks).
If you want to close things off, you should communicate that you are willing to pay for the remaining business assets, which from what I can gather is the value of a used $30 microphone.
Also, you should immediately record all your actions regarding the business and including all attempts to communicate with him.
I would not involve a lawyer. It's honestly not worth the time or the effort, but while things are fresh in your mind, just get it all on paper.
If he does get back to you and you wish to continue, you need to make sure you form a new agreement about how and when the business will dissolve.
add a comment |
It sounds like you are doing the right things so far.
You should take reasonable steps to confirm with him what his plans are. You should also give him a reasonable deadline to get back to you. (A couple of weeks).
If you want to close things off, you should communicate that you are willing to pay for the remaining business assets, which from what I can gather is the value of a used $30 microphone.
Also, you should immediately record all your actions regarding the business and including all attempts to communicate with him.
I would not involve a lawyer. It's honestly not worth the time or the effort, but while things are fresh in your mind, just get it all on paper.
If he does get back to you and you wish to continue, you need to make sure you form a new agreement about how and when the business will dissolve.
add a comment |
It sounds like you are doing the right things so far.
You should take reasonable steps to confirm with him what his plans are. You should also give him a reasonable deadline to get back to you. (A couple of weeks).
If you want to close things off, you should communicate that you are willing to pay for the remaining business assets, which from what I can gather is the value of a used $30 microphone.
Also, you should immediately record all your actions regarding the business and including all attempts to communicate with him.
I would not involve a lawyer. It's honestly not worth the time or the effort, but while things are fresh in your mind, just get it all on paper.
If he does get back to you and you wish to continue, you need to make sure you form a new agreement about how and when the business will dissolve.
It sounds like you are doing the right things so far.
You should take reasonable steps to confirm with him what his plans are. You should also give him a reasonable deadline to get back to you. (A couple of weeks).
If you want to close things off, you should communicate that you are willing to pay for the remaining business assets, which from what I can gather is the value of a used $30 microphone.
Also, you should immediately record all your actions regarding the business and including all attempts to communicate with him.
I would not involve a lawyer. It's honestly not worth the time or the effort, but while things are fresh in your mind, just get it all on paper.
If he does get back to you and you wish to continue, you need to make sure you form a new agreement about how and when the business will dissolve.
answered 17 hours ago
Gregroy CurrieGregroy Currie
1,2731612
1,2731612
add a comment |
add a comment |
d7s4key4vV is a new contributor. Be nice, and check out our Code of Conduct.
d7s4key4vV is a new contributor. Be nice, and check out our Code of Conduct.
d7s4key4vV is a new contributor. Be nice, and check out our Code of Conduct.
d7s4key4vV is a new contributor. Be nice, and check out our Code of Conduct.
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3
"am no longer interested in doing so, and would like to know if it would be necessary to inform Bob" - what does your Partnership Agreement specify regarding the penalties for non-performance? You may lose your stake in the business. It sounds like this Partnership has run it's course anyway.
– Joe Strazzere
18 hours ago
1
It may come under Voluntary Withdrawal, which would lead to the dissolution of the partnership and an equal split up of its (non-existent) assets. However, Bob has not been performing his responsibilities for longer than I. EDIT: To clarify, we each would keep what we have invested/done (so Bob would keep his microphone, etc.).
– d7s4key4vV
18 hours ago
Can you please edit the post and make the question obvious? I can only see a story...
– virolino
18 hours ago
I have edited the post.
– d7s4key4vV
18 hours ago
1
@d7s4key4vV - you should consult your attorney soon. You may be required to notify the other party, depending solely on what the Agreement says and how it could be interpreted legally. This is a legal/contractual question, not a workplace question.
– Joe Strazzere
17 hours ago