Last year I took on a partner on my boat. We had known each other for several years but were not what I would consider really close friends at that point.
We spent some time writing up an agreement in which we tried to cover all the issues that we thought could arise in a partnership. This helped us understand each other's expectations a valuable process where we were able to establish that we were compatible in that regard. We also defined how the partnership could be terminated if one partner wanted out. Since taking on the partner we put in a new motor, added an electric windlass and installed a fridge. And of course all the other things the need doing on an older boat. All of this with no hard words. I now consider my partner a close friend and feel the partnership has been a great success. For me an important consideration in wanting a partner was that my wife and I did not want to feel guilty if we didn't use the boat for a summer, but did something else. A boat needs to be used. It also cuts the workload in half plus makes the chores more enjoyable. And of course it cuts the costs in half. But it was mostly about not feeling obligated to going sailing all the time. Don Andante, C&C 34 Sent from my iPad On Apr 5, 2018, at 12:39 PM, Marek Dziedzic <dziedzi...@hotmail.com> wrote: If you still want to go ahead, consider all the _worst_ scenarios, when you are still on good terms. Things like who pays for a damage (not as trivial question as you might think) - if you decide that the person who did the damage, you might encourage hiding it. Similarly, how much you should expect annually for maintenance and improvements. What if one person wants to hire the yard to replace the bulb and the other is willing to swap the engine himself over the weekend. Some of these questions may sound ridiculous, but the time to deal with them is before you sign. Marek Sent from my Samsung Galaxy smartphone. -------- Original message -------- From: Frederick G Street via CnC-List <cnc-list@cnc-list.com> Date: 2018-04-05 13:48 (GMT-05:00) To: cnc-list@cnc-list.com Cc: Frederick G Street <f...@postaudio.net> Subject: Re: Stus-List Partnership creation Yes — speaking from personal experience, DON’T DO IT!!! If you try to do it with a friend, there’s a good chance it’ll wreck the friendship. If you do it with people you don’t consider friends or don’t know much about, anything could happen to the boat. — Fred Fred Street -- Minneapolis S/V Oceanis (1979 C&C Landfall 38) -- on the hard in Bayfield, WI :^( > On Apr 5, 2018, at 12:11 PM, Pete Shelquist via CnC-List > <cnc-list@cnc-list.com> wrote: > > For a variety of reasons I’m considering starting a partnership with my Boat. > In light of other conversations about buyout, etc. does anyone have > suggestions, or sample contracts, I can use to make the relationship > manageable ? > > Thx > Pete
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