What is the name of your state? Washington
I recently settled on a law suit where by I had to give my company over to my opponent because I did not have the money to take it to discovery or trial. The court costs alone would have wiped me and the company out. So I settled and gave him the company including my services to stay on and run it for a salary and shares in his company. I was also forced to sign a non compete section that said I could not sell specific products.
I now wish to start a new company that does not sell the specified products outlined in the agreement but I am still concerned he may sue me anyways.
He caught wind that I bought a domain and has already threatened to sue me.
I live in a different state then the one the contract says is the governing law of the agreement. but the product is Internet based and holds a world wide appeal for both companies.
Do I take the chance he won't sue? or do I put off my plans and miss out on this opportunity to start fresh? If I wait I may not get another opportunity like this again.What is the name of your state (only U.S. law)?
I recently settled on a law suit where by I had to give my company over to my opponent because I did not have the money to take it to discovery or trial. The court costs alone would have wiped me and the company out. So I settled and gave him the company including my services to stay on and run it for a salary and shares in his company. I was also forced to sign a non compete section that said I could not sell specific products.
I now wish to start a new company that does not sell the specified products outlined in the agreement but I am still concerned he may sue me anyways.
He caught wind that I bought a domain and has already threatened to sue me.
I live in a different state then the one the contract says is the governing law of the agreement. but the product is Internet based and holds a world wide appeal for both companies.
Do I take the chance he won't sue? or do I put off my plans and miss out on this opportunity to start fresh? If I wait I may not get another opportunity like this again.What is the name of your state (only U.S. law)?