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Thank you for your question. Please permit me to assist you with your concerns.It appears that you simply need to reduce the terms to writing, and in the document state that upon transfer, all current and future obligations are assigned solely to your partner and not to you. While you cannot assign past obligations (as you were part owner at the time), future obligations can be so assigned. I do agree that placing the terms in writing tends to protect you more, and I disagree that it wouldn't have legal teeth, it just makes any oral agreement far harder to enforce because the terms are difficult to prove. While I cannot write this agreement for you, I can most definitely edit your draft or provide some additional thoughts. Would that suffice?
Thanks for your advice. I'll write it up and have you give it a look. How much will that cost?
That's great Dimitry. I'll write it up in a couple days and send it to you via this medium.