Hello David, to answer your follow up queries:
I have a few additional questions.
1. The agreement contains this clause "The Parties agree that any and all disputes arising out of the terms of this agreement, their interpretation, and any of the matters herein, shall be subject to binding arbitration in London, England using International Arbitration Rules, or by a judge to be mutually agreed upon. The Parties agree that the prevailing party in any arbitration shall be entitled to injunctive relief in any court of competent jurisdiction to enforce the arbitration award." Since we have already agreed to settle any disputes in arbitration, do you still recommend that I use the moneyclaim.gov.uk approach?
The problem is that regardless of what is in the contract, the other side could refuse to engage in arbitration, which then leaves your only option still to be the County Court. Therefore, if you have tried to engage with them and to instigate arbitration, but they have failed to respond or agree to it, you may have to eventually go down the legal route anyway.
2. My consulting company is based in Sweden and I am a Swedish resident. I do have a UK 'post office box' but according to what I read I am not eligible to use moneyclaim.gov.uk unless I have a UK address. If I can't use this approach, which appears likely, what do you suggest?
You do need to be a UK resident to be able to use the court procedure. There is a European Small Claims Court for any claims up to 5,000 Euros, where you can use it from anywhere in the EU and it will still be binding in another EU country, but assuming your claim is for more than that, it will not be of use. In these circumstances you will have to consider engaging a lawyer formally to deal with the more complex cross-jurisdictional rules of a non-resident claiming in the UK courts. Still, you can follow the initial few steps in my original response to try and put some pressure on them
3. The contract contains the following clause related to a minimum fee (it plies even if they abandon the funding effort) "As compensation for services rendered under this contract, the Company will pay to DWither Management AB reasonable expenses for activities related to this contract and a minimum fee of £20,000 and grant the advisor an option to purchase 3,000 shares in the Company, of which, 1,500 shares must be exercised within 2 years of the grant date and 1,500 shares must be exercised within 6 years of the grant date. The strike price of the options will be set at £10 per share." From my perspective it appears as though I would need to claim that they breached the contract in order to make a claim for the minimum fee. Is this correct? Can I use their lack of response to multiple attempts to discuss the situation as grounds for my claim that they breached the contract and I am therefore entitled to the minimum fee?
Potentially, yes you can use this but a breach of contract would generally be more serious than a lack of response on their part. For example, if they are not honouring the other terms of the contract, not allowing you to work when you have the right to do this, not paying you what you are due under contract and so on.
Hope this clarifies a bit more?