If any one can help me answer the two questions using the Model rule 1.7, 1.13 or others, I will be really appreciated!!!

Nuts and Bolts Irwin Idea and Max Moneybags

Irwin Idea had an idea about developing a family focused restaurant with a golf theme. He discussed his idea with his friend, Max Moneybags, and they decided it was a great idea with potential to make a lot of money. Since Idea had done all the groundwork, he prepared a partnership agreement offering Moneybags the right to participate in his restaurant as a partner, the right of first refusal to invest and an equity ownership interest of 45%. Moneybags signed the agreement. Idea did not know any lawyers. Moneybags suggested they meet with you to represent them in this new venture. Last month, Moneybags and Idea met with you at your law office. Moneybags introduced Idea as "his partner." You talked for a couple of hours, discussing the preparation of the necessary partnership agreements, the need to raise the necessary capital to finance the project, and the legal work required to set up the restaurant chain. You assured that Idea and Moneybags that you are qualified to do the legal work to set up the chain.

Question:

1. What concerns do you have about this representation? Can you overcome these concerns and continue with the representation? If so, How? Analyze the situation pursuant to ABA Model Rule 1.7 and 1.13 and any other rules you think applicable.

2.After your first meeting, you have several additional telephone conversations with Idea. Idea shared detailed information about his ideas, his contacts and his plans for the restaurants. Idea says he trusts you to take care of him. Around this same time, Idea and Moneybags had a falling out. Moneybags meets with you and tells you he wants Idea out of the business.

Question: What concerns do you now have? Can you continue to represent Moneybags?