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Welcome to Just Answer (“JA”)! My name is Maverick.
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ANSWER: Since there was no partnership signed between the two of you, whatever has been produced by the two of you until this point in time will likely be viewed by the courts as being owned 50-50. It appears that this was also your understanding when you two started the business. In order to keep from being sue, you will need to buy out his 50 percent interest and obtain a release from him. In that agreement you will need to itemize what it is that you believe the partnership owns as of this date that is of value and assign a fair market value to each asset that he is agreeing to transfer for you. That's how you come up with the price you would pay 50% of to buy him out.
You said that he came up with the name. If the name has any originality to it and you want to use the same name; then he could claim a trademark interest in the name down the road. So, if there are not other assets, then at least buy the right to use that name from him. Here is a form to do that.