Yacht Sales Purchase Agreement
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Purchase Agreement in PDF format.
MEMORANDUM OF AGREEMENT MADE THIS ___ day of ____________
by and between ______________________, owner of _____________________,
called the ____________________ located at ____________________,
hereinafter called the Owner, and _____________________, hereinafter
called the Purchaser.
That the Owner hereby agrees to sell and the Purchaser agrees
to buy __________________ for the sum of:
____________dollars upon the signing of this agreement.
____________dollars when bill of sale is executed and ready for
which shall in any case be not be later than_____________.
The yacht is sold free and clear of any liens, bills or encumbrances
of any nature whatsoever. The owner warrants and will defend that
a good and marketable title thereto and the lawful right to sell
and will deliver all necessary documents for the transfer of the
title to the
Purchaser, or at the Purchaser's request to the Broker.
attached inventory as agreed upon belonging to said yacht is
included in this sale. The Broker offers details of the vessel
in good faith
but cannot guarantee the accuracy of this information or warrant
condition of the vessel. It is understood and agreed that the
instruct his agents or surveyors to investigate such details as
the Purchaser desires validated.
It is agreed that the Purchaser may have the yacht surveyed at
expense on or before ____________. It is understood that the Purchaser
may refuse to complete this purchase if the Owner refuses to repair,
expense, the essential items of repair as required by the survey
or refuses to adjust the sale price to compensate Purchaser for
essential repairs. If a survey is made, the Purchaser shall notify
the Broker in writing, or by wire, within three (3) days after
survey is completed of his decision to buy or renegotiate for
the essential items of repair as outlined by the survey report.
After the provisions herein have been complied with and this transaction
has been consummated, it is understood and agreed by the Purchasers
that they have accepted the vessel as is, where is, and there
is no warranty, either express or implied, by either the Brokers
or the Sellers.
If the Buyer fails to pay the balance after all other conditions
of the contract are met, the deposit shall be retained as liquidated
damages. One-half of the deposit, in the event same is retained
as liquidated damages, shall be paid the Broker and one-half retained
by the Owner except that the half of the deposit retained by the
Broker shall not exceed the full amount of commission.
Any and all taxes, now or hereafter imposed on this purchase,
if any, become the responsibility of the Purchaser.
Owner and Purchaser recognize _______________________________
as the Broker for this transaction, and as the recipient and holder
of the deposit. The commission due the Broker shall be calculated
on the sale price agreed to herein. Any adjustment of the sale
price agreed to by the Purchaser and Owner as a result of conditions
found during survey will not affect the commission.
The Owner agrees to deliver the yacht and inventory to the Purchaser
at ______________________________on or before _______________.
In the event that this sale is not consummated by reason of destruction
of the vessel for any reason including Act of God, the deposit
shall be returned, providing all expenses incurred by the Purchaser
against the vessel have been paid, and this agreement shall be
null and void. This contract is binding on the Owner and Purchaser,
their heirs, executors, or assigns, as soon as executed by both
the true and faithful performance of the foregoing Agreement,
the said parties hereto bind themselves, their heirs, executors,
administrators and assigns, each to the other.
300 Front Street
Beaufort, NC 28516, USA
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