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Hmmmmm...Really think about what Greenguy said. Trust is a good thing to have in a friendship, contracts are good to have in a business. "But we were friends and I trusted him" has financed a lot of lawyers BMW's and summer homes. Not that it always happens with friendship and business, but its definitely NOT a pretty thing when it does. Would seem best to avoid any problems at all from the beginning with a contract, to avoid taking the chance on losing a great friend AND your money.
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