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The court ruled that a partnership agreement regarding a start-up company is valid even if it is not made in writing
January 2022
The Tel Aviv District Court has recently ruled in a dispute that arose between the founders of a start-up venture who did not formalize their relationship in a written agreement, and did not create a mechanism for establishing a joint business.
The plaintiff filed a lawsuit against the founder of the start-up, claiming that he founded the venture together with the defendant, and that on the basis of oral agreements between the parties, he is entitled to 10% of the company shares as well as management rights. The defendant has denied the existence of a partnership agreement and argued that the plaintiff worked on the venture voluntarily, as his friend.
To read the full legal update on the matter and whether the claim was accepted, click here.
