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Old 07-10-2008
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Non-equity partnership contracts

Hey, not sure where to post this, but I am starting a non-equity partnership with someone and was looking for a legal contract floating around out there... Something to the effect that if he crashes the boat without me, that he is liable for its damage (to other boats included) and repair. Anyone out there have exp with partnerships and words of advice and maybe a contract that I could use?

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Old 07-10-2008
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Teddius-

Is there any financial consideration for his "Partnering" with you, since he doesn't own the boat? If so, you may be setting yourself up for trouble, since that may be considered "chartering" the boat legally, and would require you to have a USCG license IIRC, as well as commercial insurance.

If the person isn't someone you can trust to make good on any damage to your boat that he is responsible for without a signed legal contract, are you really sure you want to share your boat with him??? Partnerships require a high level of trust, and you sound like you've got some trust issues with this person.
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