Vessel Purchase Agreement Form
Vessel purchase agreement form with examples and instructions.
The vessel purchase agreement form is designed for private party transactions directly between a boat buyer and seller. Although adaptable for broker usage, most will likely prefer their own tailored version. This form will facilitate trades, ancillary watercraft, loan payoffs and seller financing.
Usage Context
The purchase agreement examples portrayed here are presented in slightly different versions in order to address trades, loan payoffs and seller financing. Although these can all be modified for various circumstances, they are not intended for complex transactions or commercial vessels.
Example Modifications
Examples of the purchase agreement form are available in Adobe PDF format from the Referrals for this page. They can be easily converted into your favorite word processing application for modification and editing purposes. If your system does not already have this capability, there are a number of free or subscription internet services available that can provide such an accommodation.
Form Citations
Buyer and Seller - The buyer and seller full legal names
should be stated. A physical address and contact information for both
parties should be included below the signature line.
Vessel
- The year, make and model should be listed along with the hull number and
any registration or documentation numbers. It is important that these match
up with the vessel itself, any registration or title certificates and all
other related documents. A separate line should be used for any
ancillary vessels such as dinghies, recreational watercraft and life boats
that are included in the purchase price.
Trade - Complete
information should be included for any trade vessels involved.
Terms and Conditions - The following sections include terms and
conditions which
are typical of most purchase and sale arrangements. However, these may be
altered as negotiated and further agreed upon by the respective parties.
Care should be taken to cover all of the bases herein as disputes may easily
arise when all terms and conditions are not sufficiently defined.
Signatures - The
agreement must be signed by all named parties. These are not typically
notarized, although an attachment for such purposes can be attached if this
is preferred.
Conclusion
This agreement includes terms and conditions that can affect the legal rights of all parties involved and should be reviewed by an attorney regarding any such concerns.
References and Referrals
Comments - Suggestions - Corrections