Date: ________________________________
This Agreement (the "Agreement") is entered into on the date specified above by and between:
Buyer:Name: ____________________________________Address: __________________________________Citizenship: _____________________________
Seller:Name: ____________________________________Address: __________________________________Citizenship: _____________________________
Yacht: The yacht being sold is identified as:Name: ____________________________________Model/Year: ______________________________Registration Number (if applicable): _________Description/Details: _______________________(Further description and attached inventory in Attachment(s) ______)
Brokers:Selling Broker: ____________________________Listing Broker: ____________________________
Survey Right: The Buyer has the right to survey the yacht at their expense to verify its condition.
Surveyor Employment: The Buyer will employ the surveyor(s), and the Buyer agrees that any claims arising from the survey cannot be asserted against the Brokers.
The Seller warrants and agrees:A. The Seller has full legal authority to execute this Agreement and sell the yacht.B. The yacht will be free of any encumbrances (e.g., mortgages, liens) at closing.C. The yacht will be delivered as agreed by the Buyer on or before ____________________.D. The Seller will bear any duties, taxes, and fees until closing and indemnify the Buyer and Brokers against any related claims.E. The Seller will defend the Buyer and Brokers from any claims arising before closing that affect the yacht’s condition or title.F. The Seller will pay the Brokers’ commission immediately upon sale completion.
The Buyer warrants and agrees:A. The Buyer has legal authority to execute this Agreement and complete the purchase.B. At closing, the Buyer will deliver:
A. This Agreement shall be governed by the law of the Seller’s Broker’s principal office state.B. This Agreement constitutes the entire understanding between the Buyer and Seller and may not be modified except in writing.C. The Agreement is binding upon the successors and assigns of both parties.D. The Agreement survives the closing and is not affected by any documents executed at or after closing.
Signatures
Buyer: ________________________Date: ___________________________
Seller: ________________________Date: ___________________________
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