Articles on: Co-ownership

What happens if Novlr decides to discontinue or shut down the platform in the future?

Of course, we hope this doesn’t happen. Firstly, to be very clear, being a co-owner of Novlr in the manner we’re doing it puts no liability, responsibility, or any other burden on you as a co-owner. That’s why we’ll be using a coop or trust structure.

Obviously, we’d only be shutting down Novlr if there was no viable way to keep it going, and we’d explore all options with you, our co-owners, if that were to happen. So, exactly what happens, I don’t know yet, but one of the reasons we’re doing this is to ensure that if that were to happen, it happens in the best possible way for our writers.

Updated on: 20/07/2023

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