A long-time employee at my tea house wants to become a partner — how can the contract terms be fair?

Statistics: If you hire staff, costs go up by 40%, but output can go up by 60%. Net: +20%.

man this is so hard. anyway i kept it simple just working... u can do it too.

bro you're gonna win at this! do it this way and in 6 months you'll be raking it in!

Legally, in this case you should have a written contract with the customer. Terms must be clear. Advice: lawyer.

man i'm in the same situation bro. whatever u gotta do u'll do it eventually. i guess a solution will be found.

This thread is archived.

Saved. The answer varies greatly by industry; there is no one-size-fits-all rule.

A partnership without a payment schedule locks up at the first split.

Correct. The real issue isn't the number, but what it's based on.

Trying to do this alone is the most expensive way. I'm also curious if anyone does it differently.

I'm curious too.

I'll try it.

You're right. When we decide without measuring, we always end up in the same place.

The only thing separating friendship from partnership is a written contract. This is my opinion, I'm not claiming it's absolute truth.

You're right. The biggest time-waster for us was not knowing who had the final say.

If I were you, I'd go this route.

The discussion got scattered let me summarize. When listing, put proof that the product actually works at the very top.

If you have questions, write them; I'll answer as best I can.

I can't fully agree with this. If you don't write this down from the start it leads to arguments later.

If decision-making authority isnt defined, it causes daily issues, not just during exits. btw just leaving this note it might be useful.

I didn't know that.

I completely agree. Hasty decisions become decisions you have to fix six months later.

Exactly like that. When we decide without measuring, we always end up in the same place.

Just leaving this note it might be useful.

Let me share what happened to me; it might be useful. If IP assignment to the company isn't written from the start, it can't be collected later.