A bunch of high school buddies got together last night. We talked about sharing.

One of us had a lot of experience with sharing. He shares a vacation home on the sea. He has congenial fellow owners, except one.

His sharing group have a partnership agreement, but the partnership agreement has no shotgun clause. (A shotgun clause enables partners to put each other to an election: be bought out or buy out.)

For sharing groups who have substantial assets (i.e., anything group members would not want to walk away from without compensation) having in place a sharing agreement with a shotgun clause makes sense. Without such an agreement, it can be expensive and difficult to solve the problem of an incompatible partner.