E
evilmoose
Guest
What is the name of your state? Nebraska
My partners and I have been working on starting a new business. We all work at the same buisness and would be starting our buisness doing what we are doing now. In order to get financing we have had some of our current clients sign a letter of intent to switch to us once operational.
My question is none of us have signed any type of covenant agreement and none of the clients are under contract, are ther any legal ramifications for this. I have recently heard there may be, but I dont know if I should trust the source.
My partners and I have been working on starting a new business. We all work at the same buisness and would be starting our buisness doing what we are doing now. In order to get financing we have had some of our current clients sign a letter of intent to switch to us once operational.
My question is none of us have signed any type of covenant agreement and none of the clients are under contract, are ther any legal ramifications for this. I have recently heard there may be, but I dont know if I should trust the source.