This Yacht Purchase Agreement is between the purchaser and seller of a yacht. This purchase agreement sets out the terms including a description of the vessel, its purchase price and payment arrangements. It also sets out who will pay any applicable sales tax and if the vessel is sold "as is" or with a warranty. A savvy purchaser will insist that this transaction be clearly memorialized in writing. A written Yacht Purchase Agreement will prove beneficial in the event there are disagreements or miscommunication between the parties regarding the purchase of the yacht.
This Yacht Purchase Agreement includes the following provisions:
Parties: Names of both purchaser and seller of the vessel;
Description: Detailed description of the yacht including its make, model and color, identification and registration number, odometer and hours reading and description of trailer, lifesaving and safety equipment and other equipment or furnishings;
Purchaser Price: Sets out the purchase price including any deposits and acceptance of offer of purchase;
Warranty/Guarantees: Sets forth any warranties and guarantees given by the seller or if the vessel is being sold "as is";
Signatures: Both purchaser and seller must sign the agreement in the presence of a witness and acknowledge the acceptance of a sea trial, survey and payment for the vessel.
Protect your rights and your property by purchasing this attorney-prepared form.
This attorney-prepared package includes:
Instructions and Checklist
Yacht Purchase Agreement
State Law Compliance: This form complies with the laws of all states