How can we handle a disgruntled co-owner?
Instead, he is threatening to have the court sell the whole farm and then take his share. Can he do this?
However, if you have no ownership agreement, the departing owner could bring a lawsuit, claiming that the owners are stalemated and can't agree. Whether he'd be successful or whether the court would engineer a buyout remains to be seen. Either way, you're looking at an investment in attorney's fees to ensure you're properly represented.