Q: Fired from a partnership, can I get compensated?
I came to a partnership with someone 50/50. However, before my shares became vested (at a one year mark) I was fired and my partner indicated that he was voiding the agreement. Nonetheless, he is keeping the software and all the work that I put in. My question is whether if I have any right to demand compensation for my work. Is he obligated to pay me if I bill him for the hours put in, or for the work done? Or as to what should I do regarding the matter.
The partnership agreement did not contain any clause or information on what would happen if I was let go, it was fairly vague and short.
A: Your rights and obligations will depend heavily on the wording of the partnership agreement, along with any other written communications discussing the agreement since you say the agreement itself is vague. You should schedule a consultation with a business litigation attorney in or near the county where the partnership business is located.
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