Clarity Prevents Conflict

When collaborating on a project that has the potential to become a company, establishing clear agreements between partners is crucial. It is advisable to have an open discussion about expectations and future involvement early on. Drafting a simple email or a handwritten note outlining ownership shares, buyout options, and commitment levels can help ensure both parties have a mutual understanding. This proactive communication can prevent future conflicts, especially when interests diverge due to personal or professional commitments.