Opinion on co-ownership

[T&C Exotics]

A friend of mine is wanting to start breeding bp's and really wants to get something special but can not afford much right now. He was wondering if I would go in on one with him. He wants a mojave female which I am all for and we would both pay half and it would be in my care. My question is how should we go about splitting the clutch from it? Like should we just split profit/ babies or should we both get a pick and then go from there? I would be breeding it m\to my pastel male when it was of size/age. I just want some opinions on this from everyone.

Thanks
Tom

[joepythons]

A friend of mine is wanting to start breeding bp's and really wants to get something special but can not afford much right now. He was wondering if I would go in on one with him. He wants a mojave female which I am all for and we would both pay half and it would be in my care. My question is how should we go about splitting the clutch from it? Like should we just split profit/ babies or should we both get a pick and then go from there? I would be breeding it m\to my pastel male when it was of size/age. I just want some opinions on this from everyone.

Thanks
Tom

To be honest it could be the biggest mistake of both of your lives.To many things could go wrong and then you both could end up hating each other.Lets see you could be doing all the work,paying for all the food then when it comes time to split babies he wants his fair share.This is just an example of what COULD happen.I would let him buy his own and you yours

[Dalishar]

I would think it depends mostly on your relationship with him. My mom and I recently went into a similar deal with her piebald. Since I'd be the primary caretaker and would own the male it's bred to, we decided that I would get first choice of clutches and split it down from there. If she ever really got into the snake breeding thing, she'd buy out my half of the snake and I'd leave her to her doings.

There's just some ground I'd cover - is he just splitting the upfront cost of the animal, or is he splitting the price of caging, feed, time, and electricity too? Granted for just one snake that's not very much, but they're things that can be brought up and rubbed in if the partnership goes sour.

Get everything in writing, too! Even with my mom we both got things in signed and in writing involving the piebald and put it in with my snake records. Dispute over a business deal isn't worth destroying a friendship when it could have been avoided with clear expectations of one another.

(Ohh, I got ninja'd by joe D:. Pretty much got my thoughts down much more concisely!)

[T&C Exotics]

We would have everything in writing and the feeding/housing and everything would be half and half. I breed my own rats so every other week he would pay me what I normally charge for a rat of whatever size it is feeding at the time. We have already agreed on all of that. I was just wanting to know peoples experience with this if anyone has had any. This would be a step into him starting out on his own he wants to first know he is doing the right thing and knows exactly what he is doing. He just purchased his first snake from me earlier today but has been learning from me for about 3 months with hands on and reading anything I throw at him. He just wants to be sure he is able to breed the snakes prior to shelling out the big bucks all alone and when he felt comfortable he would then purchase the other half of the snake from me... I am buying the front end lol... The only reason I am even considering it is because if anything goes sour with him being able to keep snakes or breed them I can always buy it from him as well plus I like.... LOVE teaching people about snakes whenever I can. My wife hates me for it sometimes because I am always showing her snakes and quizzin her and generally buggin her to death I know she sometimes wishes I was mute or she was deaf but she still loves me.

[NorthernRegius]

To be honest it could be the biggest mistake of both of your lives.To many things could go wrong and then you both could end up hating each other.Lets see you could be doing all the work,paying for all the food then when it comes time to split babies he wants his fair share.This is just an example of what COULD happen.I would let him buy his own and you yours

The mistake friends make is to do a verbal agreement.

You can do joint ventures, but put it in writing what each is going to do. Perhaps he should pay for the feed since the snake is staying with you & your electric is heating it... or whatever makes sense to you both. But talk it out write it down & it can work... & have a buy-out clause in case it doesn't.

[Oxylepy]

Personally I would say it would be wiser to just have him pay you back for the snake, as a personal loan, over doing co-ownership. Then charge him for feeding while it's in your care, and worry about splitting the clutches later.

Or at least write up a contract, leave an option for him to buy your share of the snake off of you, and take it to a notary. But definitely don't do a verbal contract, and always have a way of getting out of a contract.

I had a verbal contract with a friend about creating a videogame (my game) and running the business (his end) but later realized he was bloody crazy (wanted to kill everyone who wasn't part of some cult he was starting). I was glad it was a verbal contract then

But verbal contracts are, as stated, a bad idea.

[T&C Exotics]

I am having my lawyer write one up for me it is going to cover everything from initial purchase to eventual buy out, feeding, heating, cleaning, watering, everything that can be thought of and then some made up stuff just to make sure all is covered lol. Thanks everyone for the informaion. I am still looking forward to seeing what other people have to say about this though.

Tom

[iCandiBallPythons]

Personally I would never do a co-ownership or even a partnership for that matter. In some ways it "could" be great and on the other hand it could be disasterous

[Stewart_Reptiles]

Joined projects in the form of breeder loan where everything is written down yes but joint ownership, I would not recommend it.

If the animal belong to each of you 50/50 who will have physical custody?

Who will pay for the care (food, housing etc)?

Who would pay for vet care? Would it be 50/50? But what if the animal requires vet care due to the actions of the person who has physical custody? Who would pay for the bill? What if the animal dies?

Less face it a female Mojave is not that costly save up some money and buy one that will be yours and then do breeder loan with your friend if that is what you wish to do (it will be less of a headache in my opinion)

[J.Vandegrift]

Less face it a female Mojave is not that costly save up some money and buy one that will be yours and then do breeder loan with your friend if that is what you wish to do (it will be less of a headache in my opinion)

Exactly. Save an extra $150 and buy the snake on your own. It will be much better for your longterm friendship. No matter how well you think you have everything figured out there WILL be a problem at some point and for a snake that only cost a few hundred dollars it is just not worth the hassle.