A Prenuptial Agreement for Business Partners

“A verbal contract isn’t worth the paper it’s written on.” (Misreporting of an actual quote from Samuel Goldwyn)

As you must have realized from Why Now, I did not turn my dream into reality in the land of “Bunga Bunga Parties” but instead in the land of the “Iron Frau.”

It would take me another few years of still attempting to be a lawyer on Law & Order and working in language schools where the bulk of the teachers were and are budding thespians. A note to all directors out there, as well as advertising in drama schools for your lead, you should also try out all the language schools too: The response will most probably be higher from the language schools…

I then made the mistake of getting pregnant and married too soon and not even signing a pre nuptial agreement with my business partners. Yes, if you enter into a business with other people, you are more or less entering into a sexless marriage with a screaming baby at your feet. The screaming baby of course is the business, itself.  Just like anybody in love, I was completely blind to the misgivings of my business partners and regardless of my experience as a wannabe lawyer; I ignored the blatant gaps in the company contract which were to be an extremely expensive and painful mistake on my part once the divorce proceedings began.  A key note to all future entrepreneurs out there who decide to go into business with other people, regardless of how small the business is and how much you trust and know your beloved partner, have an extremely detailed section on the consequences of separation: i.e. a prenuptial agreement. It avoids the hassle and loss of hair as to who will end up getting the dictionary.  Yes, it can get that pedantic.

Lesson 3: Protect yourself, before going down the business altar.