Protecting Business Ownership

Summary

To protect your business from investor disputes, draft a comprehensive partnership agreement with non-compete and confidentiality clauses. Ensure clear documentation of ownership and investment terms. Consult a lawyer for personalized advice. If budget is a concern, explore legal aid services or online legal document services for cost-effective solutions.

Full Conversation

I am buying a business. I do not want my investor to steal it from me.
Hi ****! To protect yourself, you might consider the following steps:
- Draft a comprehensive partnership agreement.
- Include non-compete and confidentiality clauses.
- Ensure clear documentation of ownership and investment terms.
Have you already set up any agreements or contracts with your investor?
No
It's great that you're proactive in protecting your interests, ****. I recommend consulting with a lawyer to draft a partnership agreement. Would you like to be connected to local lawyers who can assist you with this?
I don't have money
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I understand that budget constraints can be challenging. You might want to explore legal aid services or seek advice from local business associations that sometimes offer pro bono legal assistance. Additionally, you could look into online legal document services that provide templates for a lower cost.
Thank you
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You're welcome, ****! If you have any other questions or need further guidance, feel free to ask. Good luck with your business venture!