Can I sue if a business partner takes ideas from a business that we both created and implements it into their own business while scrapping ours?
Question Details: Started a business idea and took it to local investors/business owners. We split my idea equally. I spent hundreds of hours on the idea and created the foundation. They want to cancel the business as a brand and just implement all the ideas and assets to their business they had previously. This entails them making me an employee for them under their business and losing all percentages I owned of the brand I created. Now I own zero percent and they are still using all my assets. If they end up firing me for pressuring the issue, can I sue?
Did you have any sort of confidentiality or other contract that prevented them from taking and using this idea for their own benefit? If you did, you can sue them for breaching the agreement, to get compensation and/or a court order barring them from doing this.
Without a contract though, ideas as are not protected, and anyone you disclose an idea to, including someone you were going to work with, can take the idea and develop or use it themself.