yours2share has two new template contracts available for people who wish to set up a shared or fractional ownership agreement for any kind of car: supercar, classic car, sports car, convertible or 4×4 SUV “you had eye on but couldn’t quite justify buying unless you buy it with someone else”, or just a great little run around.
As usual there are two versions: one for two people buying together, the other for three or more. The difference is that two people don’t need the formal management and meeting structure that is required when there are more partners.
And as usual, the documents were created in conjunction with internet document provider, and yours2share’s legal pal, Net Lawman. All the templates are Word documents and are fully editable, so you can adjust them to exactly fit your requirement. Or for a small charge Net Lawman can do this for you.
As well as template contracts, there is some general advice on setting up sharing arrangments and detailed advice on setting up an informal car club (the generally accepted term for a small group of private individuals getting together to own a car together) .