Hey all -

I’ve been part of a boat partnership for the past 9 years with three of my
friends. This partnership has lasted over a series of boats and we’ve had
very few issues with the whole arrangement.

Presently however one of the partners is wishing to be bought out or to
sell their share, just before a re-rigging project.

Since we don’t have an agreement in place we have to navigate these waters
ourselves, but I wanted to see if you guys had experience or knew what the
most common buyout arrangements (i.e. what agreement *might* we have signed
had we signed one 9 years ago?). If we find a buyer we all like in short
order then this may all go perfectly smoothly, but if we don’t I’d like to
have advice for the best way(s) to proceed.

Andrew
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