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Private Party Boat Purchase Agreement
1. Parties: Identifies the seller and buyer with full legal names and addresses
2. Background: Brief context of the transaction and vessel identification
3. Definitions: Key terms used throughout the agreement
4. Vessel Description: Detailed description of the boat including make, model, year, registration number, and specifications
5. Purchase Price: The agreed price and payment terms
6. Title Transfer: Process and obligations for transferring vessel ownership
7. Representations and Warranties: Seller's statements about vessel condition and ownership
8. Closing and Delivery: Details of when and how the vessel will be transferred
1. Inspection Period: Terms for buyer's inspection rights and conditions for inspection period before finalizing purchase
2. Financing Contingency: Conditions related to buyer's financing when purchase depends on buyer securing financing
3. Equipment and Accessories: Detailed list of included/excluded items when specific equipment needs to be itemized
4. Insurance Requirements: Specific insurance obligations when transfer requires specific insurance coverage
1. Schedule A - Vessel Specifications: Detailed technical specifications of the vessel
2. Schedule B - Inventory List: Comprehensive list of equipment and accessories included
3. Schedule C - Survey Report: Recent survey report if available
4. Schedule D - Maintenance Records: History of maintenance and repairs
5. Appendix 1 - Title Documentation: Copies of current registration and title documents
6. Appendix 2 - Insurance Certificates: Relevant insurance documentation
Authors
Vessel
Purchase Price
Closing Date
Effective Date
Seller
Buyer
Deposit
Title Documents
Bill of Sale
Registration Documents
Vessel Documentation
Equipment
Accessories
Survey Report
Sea Trial
Closing Location
Encumbrances
Maritime Liens
Force Majeure
Material Defect
Governing Law
Jurisdiction
Notice
Business Day
As-Is Condition
Warranties
Due Diligence Period
Final Acceptance
Transfer Documents
Purchase Price
Payment Terms
Deposit
Title Transfer
Warranties
Representations
Condition Inspection
Sea Trial
Survey Rights
Insurance
Risk of Loss
Bill of Sale
Registration
Documentation
Closing Conditions
Delivery
Acceptance
Default
Remedies
Force Majeure
Governing Law
Dispute Resolution
Notices
Assignment
Entire Agreement
Severability
Amendments
Counterparts
Indemnification
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