Partnership Agreement - SailNet Community
LinkBack Thread Tools
post #1 of 5 Old 05-26-2006 Thread Starter
Junior Member
Join Date: May 2006
Posts: 17
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
Partnership Agreement

Hi all,

I'm doing a 50/50 partnership on a small cruising boat. Wondering in anyone has a sample partnership agreement they could pass along. I've looked a two so far but I'd love to see a couple more before I create a final draft.


Rich in NYC
simple72 is offline  
Quote Quick Reply Share with Facebook
Sponsored Links
post #2 of 5 Old 05-26-2006
Jeff_H's Avatar
Join Date: Feb 2000
Location: Annapolis, Md
Posts: 7,009
Thanks: 5
Thanked 172 Times in 141 Posts
Rep Power: 10
If mine was not one of the two that you already have, feel free to E-mail me at and I will send you a blank copy of the one that used. I also may still have a blank sample from someone else that I used as a guide in doing mine.

Jeff_H is offline  
Quote Quick Reply Share with Facebook
post #3 of 5 Old 05-26-2006
Just another Moderator
Faster's Avatar
Join Date: Sep 2005
Location: New Westminster, BC
Posts: 16,717
Thanks: 112
Thanked 327 Times in 311 Posts
Rep Power: 10

For what it's worth, below is an excerpt from an article I did for a local sailing mag on partnerships. We had a very successful partnership running 2 boats, a 40 racer/cruiser and a 24' raceboat, that lasted around 15 years (longer than many marriages!) It was dissolved only because a career change forced a relocation.

Apologies in advance for its length, but perhaps there are some helpful insights for you.

A partnership can be the ideal avenue to
enjoyable boating, or an unmitigated disaster,
and it’s difficult to know for sure until
you’ve tried it.
Logically, it makes perfect sense. Few coastal
cruisers use their boat enough to justify
their expense.What with two jobs, minor
hockey, soccer, home chores and the gym
all competing for precious time there’s often
little time left for on-water recreation. Sharing
a boat can certainly help to justify the
investment.Time-share schedules can be
made up in advance. Maintenance tasks go
faster with more hands on the job. Finally, a
good partnership can give access to a bigger,
better boat that neither party could afford
on their own.
Of course, the most difficult part is finding
the right partner(s). Advertising in the
paper is probably the worst tactic.How can
you make such an important decision after
one or two meetings? We’d been sailing with
our partners, Chuck and Joni, for several
years after they’d been recruited as race
crew on our Viking 28
Ragtime.We were
good friends socially and our children were
friends as well (and still are).
I believe there are some key ingredients that
go into a successful partnership:
• You should know your partners well
before entering into any agreement.
• You should both have a similar outlook
(for example, racing vs. cruising).
• A similar ability (and desire) to pay is also
important.The same applies when it comes
to decisions regarding what to purchase,
and what projects to undertake.
• Communication is vitally important for any
workable partnership.
• It’s best to have a written agreement in
advance regarding how the arrangement
will eventually be dissolved. Few partnerships
last forever.
• Lastly, everyone must be prepared to "pull
their weight," particularly with the more
mundane tasks that go with owning a boat.

extremely fortunate in our
partnership—now nearly 10 years running.
We budget monthly maintenance payments
into a joint account, and each party receives
bills (insurance, moorage and such) for one
of the boats.The monies paid out are
worked into the monthly payments.There’s
usually enough in the account each year for
a special project—new dodger, a new tender,
or minor upgrades here and there.One
year, a major exterior refit took up most of
the summer months and required a cash
injection. But again, each party only needed
to come up with half.
Our boating partnership has allowed us to
enjoy a much more substantial cruising vessel
than either family could afford alone. It
has also enabled us to keep a second smaller
boat—something that would never have
been remotely possible otherwise. For the
right people, in the right frame of mind, a
boating partnership arrangement can be

enjoyable and successful.
Good Luck in your endeavours!

Faster is offline  
Quote Quick Reply Share with Facebook
post #4 of 5 Old 07-17-2007
Junior Member
Join Date: Jul 2007
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
do you still have that partnership agreement?


Pentictonsailor is offline  
Quote Quick Reply Share with Facebook
post #5 of 5 Old 07-17-2007
Telstar 28
sailingdog's Avatar
Join Date: Mar 2006
Location: New England
Posts: 43,290
Thanks: 0
Thanked 15 Times in 12 Posts
Rep Power: 14

Might want to PM JeffH about it.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Telstar 28
New England

You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.

ŚCpt. Mal Reynolds, Serenity (edited)

If you're new to the Sailnet Forums... please read this
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

sailingdog is offline  
Quote Quick Reply Share with Facebook

Quick Reply

By choosing to post the reply above you agree to the rules you agreed to when joining Sailnet.
Click Here to view those rules.

Register Now

In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page

Similar Threads
Thread Thread Starter Forum Replies Last Post
Desaf├*o Espa├▒ol 2007 signs new sponsorship agreement @ Valencia Sailing NewsReader News Feeds 0 04-20-2006 07:15 PM
purchase agreement kristenmiller Boat Review and Purchase Forum 1 09-13-2004 09:48 PM
Olson 34 Partnership salecm Boat Review and Purchase Forum 2 02-10-2003 02:55 PM
Partnership Agreement RLawler Boat Review and Purchase Forum 3 03-13-2002 05:51 PM
partnership with a twist nhblwfnm Boat Review and Purchase Forum 0 03-03-2002 10:54 AM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome