SeaStarDF50
Veteran Member
- Joined
- Apr 7, 2016
- Messages
- 56
- Location
- United States
- Vessel Name
- MV SeaStar
- Vessel Make
- 1969 DeFever-OBC 50' wood
Unrelated to your query: What's your boat make & year?
You can write up a simple agreement. List the expenses to be paid before the split (fuel, guest beverages and food, etc.), the split, his duties, when the deal starts and how much notice to end it. Second, I’m going to be in Buenos Aires in late March. How about a boat tour?
Unrelated to your query: What's your boat make & year?
You can write up a simple agreement. List the expenses to be paid before the split (fuel, guest beverages and food, etc.), the split, his duties, when the deal starts and how much notice to end it.
On many things I recommend one writing their own simple agreement. However, based on your knowledge and experience, I would strongly recommend against any do it yourself agreement in this situation. Here is why.
This innocent appearing agreement can actually be far more than you intend it to be and can establish the long term legal relationship. For instance, you may think it's a contracting agreement and it's legal form may make it a partnership agreement giving the other party equity ownership or you may intend it to be contracting but might accidentally through wording make it an employment agreement requiring all the aspects of having an employee to be dealt with. The laws affecting such things as I've described above are very complex and while I understand them in the US, I wouldn't profess to in any other country.
For instance, the comment made on "how much notice to end it". That may very well be superceded by law if the agreement is written in certain ways. I've seen major impact years later by very minor gestures or agreements in earlier years of companies. That includes deals held up because a former employee was given one share of stock and a deal held up because owners didn't realize in the particular country involved that the sale or transfer required a vote by and approval by the employees. In all cases these were worked out "at a price", a not insignificant one.
You are absolutely right!
I will have this agreement written by an attorney specialized in labor contracts.