As my product has evolved my co-founder's skill set has become irrelevant. Furthermore, I've come to believe his efforts at this point are hurting our potential more so than helping it.
We are incorporated as a C-Corp each sharing 50% equity on a 4 year vested plan, each currently with 0% vested. We haven't made any profit.
I've offered to buy him out and continue as is but he's unwilling to budge. Therefore I'm wondering if I can quit the company and then restart it with the same business plan but with a new company/product name and entirely new IP.
Can I do this? I don't recall if I signed a non-compete, but if I did and he did also, can we legally come to an agreement to negate it?