Monday, January 21, 2019 10:33:37 PM
In the majority of small start of company IT IS NOT uncommon that only one or two directors have check write powers.
Just because only one person has the ability to write checks for a company it DOES NOT mean they can write them without the consent of the board.
Example Walther could not write a check to buy himself a car unless the car was approved by the board.
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I am assuming Scivletto was offer compensation mainly for purchasing his patent pending product.
If he was never paid, he would have the right to reclaim all rights to the patent pending product.
Since he never did even try to reclaim what was once his, but decided to instead modify the product for Absorbezz, the only logical conclusion is that what ever compensation given to him was acceptable by him.
If it was only stock, no one twisted his arm to take it.
He could have refused and sold his product elsewhere.
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