On Wed, 19 Jan 2011 12:36:21 -0500, "Paul@BYC"
wrote:

But the idea of "boat partnership," well, I just don't know. There are
some boat partnerships at the club, so I'll have to ask the guys how it
works out for them.

I haven't seen too many that lasted more than a few years. The most
important section of the partnership agreement relates to how it is
terminated.

There are usually major differences of opinion on how much to spend on
the boat for both maintenance and the purchase of upgrades. This is
even more of an issue when partners are not on more or less equal
financial footing.