We have sketched out a fundamental breakdown of the cost agreement, BUT each year we have defined a “renewal” window and a “1 year” of redemption or sell, because you cannot expect to sell a boat in 1 month. Personally, I think you need to think about the most pessimistic scenarios. What will you do if a partner doesn`t want to buy sails, etc.? or decides they don`t want to sail much and not spend money on sails, etc.? Boats usually don`t sell out quickly and really don`t move when a partner has an unrealistic idea of value. What will you do when it`s time to sell the boat? There should be a mechanism for a third party (perhaps a broker) to set the price with the right of refusal pre-purchase for partners. 3.1The partnership may be dissolved at any time (with a fair warning) by a partner or by mutual agreement. . . .