He sounded very confident about he cancelling the deal, he even said I can reverse everything with one button - again threatening tone
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Thatās pretty obviously a bluff. If he could, he wouldnāt be calling you, heād just do it. Ask him to put in writing exactly what heās asking you to do cross-referenced to which section in the contract says you have to do it.
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this. he needs your consent and signature to get of of the deal. you have leverage he does not.