Vehicle Sharing Contract-HELP

[kick_On]

just written this... Have i missed anything?????????

Vehicle Joint Ownership Contract
of ???????reg number, ??????????make of Horsebox

The AGREEMENT

This agreement is made on the _____________ between the parties ?????????? and ???????????? for the joint ownership of the vehicle ?????????-reg number ?????????? - make of HORSEBOX

Both parties sign up for sharing equally the running costing of said vehicle, which currently include:
• Plating of Horsebox/servicing
• Vehicle Tax
• Insurance
• Vehicle Recovery Insurance

Both parties agree to ????????? organizing of above running cost, but then sharing equally this cost with other party ?????????. If any unforeseen running costs happen this will be dealt and paid for on an equal footing.

As for usage of vehicle, each party must make sure they replace the fuel they use and also mark on diary (keep at yard in barn) any days which they need use of vehicle. In the event of clashing of dates a pro rata system will be used.

In the event of one party wishing to dissolve the partnership, they must given reasonable notice (minimum of 2months) and this give other party opportunity to buy out other parties half share at current market value of said Horsebox.
If situation is still unresolved after this, the whole vehicle can be sold BUT at current market value BUT then shared equally between the said parties.



Owner One: ____________________________ Date: ______________



Owner Two: ____________________________ Date: ______________



Witness: ____________________________ Date: ______________

 

[Sparklet]

I have been sharing a horsebox with a friend for years....we dont have a contract as such but it is probably advisable so think you are doing the right thing.

Apart from the main things you have mentioned the fuel (because it is more regular) is the most difficult thing to organise. We work on the basis that if we both go, neither owes any fuel.....for any solo trips we work it out on the basis of £0.21p per kilometre which pretty much covers the cost, give or take a little. All that is needed then is to keep a record of the kilometre reading (lorries tend to be km's rather than miles) for each trip, then balance out eg:

If my friend travels 40km solo and I travel 30km solo...she owes 10km of fuel therefore needs to put £2.10 in the lorry. All other refills are split down the middle.

 

[Sparklet]

Also need to mention that we both compete in the same discipline who usually go together....very rarely do our outings clash. I suppose you need some way of agreeing who takes priority if your disciplines differ...not sure its always the case of who gets there first....for example...if your friend wants to go to a pleasure ride and needs the lorry..books it first, then you get notification that you have qualified for a championship on the same day...you need a way of agreeing which is the most important.

 

[xapplex]

I think thats a great idea kickon as i brought a horse box with my sister and now we dont speak and she has taken it of my land and i cant get it back...

what about the wear and tear..

 

[ihatework]

Sounds good, as a general rule of thumb keep the box full of diesel and then return it full.
Also what if one of you has an accident in it? Should the other party then be responsible for the damages / half the insurance excess?

 

[kick_On]

ooooooooo hadn't thought about excess...............

going to have to chat to sharer. I would plump for whoever is driving bears cost of excess if involved in accident and box is full comp, so if we do something stupid....... we can get box fixed

I like fuel idea but got to full it up first och!!!!!!!!!!!!!!!!

S - who did you work out your price per km?