Join Date: Mar 2006
Location: New England
Thanked 8 Times in 8 Posts
Rep Power: 13
If you bought out his share of ownership, he no longer has any rights to the boat, or to any damage settlement arising out of damage to your boat.
Just tell him that you're looking to sell the boat, and ask for a notarized letter saying that you bought out his half of the partnership on such a date and that you have full authority to sell the boat.
Originally Posted by whitewater7
I just recently received an insurance claim settlement for the boat (it was damaged by another persons boat).
Would my former partner have any legal right to some of that money?
He’s the type who is always sueing someone, so I am reluctant to tell him what happened.
We used to be good buddies, and although we presently treat each other cordially, and even shake hands these days, I don’t trust him anymore.
Maybe I just won’t tell him about the insurance settlement and hope he agrees to the notarized letter.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
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.
—Cpt. 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.
Still—DON'T READ THAT POST AGAIN.