NewEra2011
Junior Member
My business partner found this client and made all the arrangements including the contract with them.
He and I met with the owner before the contract was signed and accepted, and I presented "our" company's qualities which sealed the deal... After the contract was signed, my partner told me that they would pay us $3k to take care of certain projects and tasks. However, my partner stated that the funds would go to me since I would be doing all the work, and he would wait for the "top end sales" to reach a certain number which would entitle us a percentage of our client's profits.
For the last 30 months, I have been working with this client and managing them every day, making sure they were satisfied and seeing the growth in their business. During these 30 months, my partner did nothing but meet with the owner for an hour, which occurred every 6 months. Including invoicing the client, in which case I never saw their check to our company. But every month I was receiving $3k as promised.
A few weeks ago, my partner said he wanted to pass this client to me and not have anything to do with them. I was hesitant at first but since I have been the one varying this client 100% on my own, I was fine with it. So I proceeded to contact the owner and have the latest invoice sent to me so I could resume the invoicing on my own. I found out, for the last 30 months, the client was paying us $6k per month. That meant my partner was hiding true revenue from me and pocketing 50%... 90k in a 30 month span. I was shocked and furious. I have been doing all the work and paying for some incurred expenses out of my own $3k to help the client.
So I told my partner I am not happy with the percentages, and want to reduce the percentage. He said no, he wants 50% as he always got.
I need advice on how to progress on this issue and get him out of the game. I have switched the client from our old ABC business to my new XYZ business. Partner still wants a check from the last few months...
He and I met with the owner before the contract was signed and accepted, and I presented "our" company's qualities which sealed the deal... After the contract was signed, my partner told me that they would pay us $3k to take care of certain projects and tasks. However, my partner stated that the funds would go to me since I would be doing all the work, and he would wait for the "top end sales" to reach a certain number which would entitle us a percentage of our client's profits.
For the last 30 months, I have been working with this client and managing them every day, making sure they were satisfied and seeing the growth in their business. During these 30 months, my partner did nothing but meet with the owner for an hour, which occurred every 6 months. Including invoicing the client, in which case I never saw their check to our company. But every month I was receiving $3k as promised.
A few weeks ago, my partner said he wanted to pass this client to me and not have anything to do with them. I was hesitant at first but since I have been the one varying this client 100% on my own, I was fine with it. So I proceeded to contact the owner and have the latest invoice sent to me so I could resume the invoicing on my own. I found out, for the last 30 months, the client was paying us $6k per month. That meant my partner was hiding true revenue from me and pocketing 50%... 90k in a 30 month span. I was shocked and furious. I have been doing all the work and paying for some incurred expenses out of my own $3k to help the client.
So I told my partner I am not happy with the percentages, and want to reduce the percentage. He said no, he wants 50% as he always got.
I need advice on how to progress on this issue and get him out of the game. I have switched the client from our old ABC business to my new XYZ business. Partner still wants a check from the last few months...