Things seem past repair. Get a good lawyer, and do what they advise.
You probably don't need to worry about the guy starting a competing company. If he does it will fail.
You probably don't need to worry about the guy starting a competing company. If he does it will fail.
Also remember that there's a lot a lawyer can do for you in a situation like this, way before a lawsuit is even on the horizon.
A rather useful institution for a society.