ownership incorporation partnership
What happens to assets intended for incorporation that never forms?
<p>I purchased two domain names with intention to use in a company with a partner.  We both signed a Letter of Agreement that these domains were to be used in the not-yet-formed company, and otherwise not to be used or released.  They never compensated me for this purchase.</p>
<p>Later, the other party declined to form the company (notification via email and text).</p>
<p>I've tried to get them to agree to split them (they take one, I keep one), but they show no interest and only respond with delaying tactics.</p>
<p>It's been 5 months.</p>
<p>At what point do these domains legally belong to me?</p>

<p>I would imagine they are yours and were always yours. You bought them. You intended to either give them to the company as a gift, sell them to the company or sign them over to the company as part of your initial capital contribution. Without a company none of those can happen.</p>
