Played through my rig, it’s the single most enjoyable sounding and playing guitar I’ve ever laid my hands on. Pure magic. Got that Tele spank In spades. I ran my DRRI, wampler ego comp and Faux Echo through a my amp and it was THE TONE!!Fair question. I mean, in this case the OP knows the guy really well and, as he said, takes him at his word. That's cool. If he knew him pretty well but was thinking "maybe a little written promise would be a good thing to have" I'd probably just say it should say something like that the guy wouldn't trade or sell it before a certain date and that OP could buy it back from him by that date. That's about all.
Now if this trade guy were a near stranger, that's a whole different story. But, all of it is kinda moot because OP knows and trusts the guy so, it's cool.
My question now is: how did it sound through your rig and pedals? Are you still in love?
On another note, I’m keeping my guitars and just paying cash. But I’d trade every guitar I own if that’s what it took!!!