You're right about always needing a contract, even if it's among friends.Originally Posted by BeerAndPoker
But if it blew up and was making say $15k a month which now Jasep claims your percentage isn't what you claim and he says so sue me? You didn't officially sign anything and that would suck.
I know the site wasn't making money but if somehow it got very profitable then you'd be left in bad spot.
These are moot points now I get it but all I'm trying to say is get that contract in the future regardless if you think it won't be a big money maker or not.
That was one of the mistakes I made with DD, and it contributed to the eventual split-up. We had certain oral agreements in 2009 that everyone denied making when we had our blow-up in 2011. I had no way to prove it. It's even possible that the other-parties-in-question legitimately didn't remember making such agreements. It was a mess.
That's why I drew up such a detailed contract when I left the site, and it turned out I was very smart to do so.
Moral of the story is that you should always have all business arrangements in writing, even if it's with friends, because you never know when your friends will no longer be.
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