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Is there any conflict of interest here? My partner and I own company X. At the same time, he works for company Y. Given the fact an NDA and MOU have been signed with both companies, if company X and Y were to do business together, where does this put my partner?
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tynamite
Your friend has a conflict of interest and by doing business together you are making yourself have a conflict of interest. As I do not know what NDA and MOU you signed, you'll have to encounter an expert to help you on that one.