User Power
Value/Post Ratio
137%
- Jun 1, 2019
- 219
- 301
A key component of the agreement was that either of us could cancel the agreement upon 30 days notice. We also had a repurchase clause where if the agreement was terminated, we could buy back her shares at a pre-defined price. This price was equivalent to 200% of her market hourly rate for 20 hours per week.
....
She made 3% total and the proceeds for her from the sale were worth far more than the equivalent hourly rate that she put into it.
And what is now preventing you from terminating her and paying her this 200%? Integrity, I hope. But clearly, it was a terrible deal for her.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.