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1. Parties: Identification of the seller and buyer with full legal names and contact details
2. Background: Brief context of the sale and confirmation that the seller owns the vessel
3. Definitions: Key terms used throughout the agreement including 'Vessel', 'Purchase Price', 'Closing Date', etc.
4. Vessel Description: Detailed description of the pleasure craft including make, model, year, hull identification number, registration details
5. Purchase Price and Payment: Total purchase price, payment schedule, deposit requirements, and payment methods
6. Inspection and Survey: Terms regarding pre-purchase inspection rights and survey requirements
7. Conditions of Sale: Any conditions that must be met before the sale is completed
8. Seller's Representations and Warranties: Seller's guarantees regarding vessel ownership, condition, and encumbrances
9. Buyer's Representations: Buyer's acknowledgments regarding vessel inspection and acceptance
10. Closing and Transfer of Title: Process and requirements for completing the sale and transferring ownership
11. Risk and Insurance: Responsibility for the vessel and insurance requirements before and after closing
12. Default and Remedies: Consequences of breach by either party and available remedies
13. Governing Law: Specification of Canadian law and jurisdiction
14. General Provisions: Standard clauses including notices, amendments, and severability
1. Broker Provisions: Required when a broker is involved in the sale, including commission terms and broker's responsibilities
2. Financing Contingency: Include when buyer's purchase is contingent on obtaining financing
3. Training and Handover: Include when seller agrees to provide operational training to buyer
4. Marine Mortgage: Required when there's seller financing or existing mortgages to be discharged
5. Trade-in Terms: Include when another vessel is being traded as part of the purchase
6. Delivery Terms: Include when vessel needs to be transported or delivered to a specific location
7. Maintenance Period: Include when seller agrees to maintain the vessel until closing
8. Commission Structure: Required when multiple brokers or agents are involved
1. Schedule A - Vessel Specifications: Detailed technical specifications, equipment list, and inventory
2. Schedule B - Vessel Documentation: Copies of registration, licenses, and maintenance records
3. Schedule C - Survey Report: Results of marine survey if conducted
4. Schedule D - Photos and Condition Report: Current photographs and detailed condition assessment
5. Schedule E - Equipment Inventory: Detailed list of included equipment, tools, and accessories
6. Schedule F - Maintenance Records: Service history and maintenance documentation
7. Appendix 1 - Bill of Sale: Standard form bill of sale for vessel transfer
8. Appendix 2 - Transfer Documents: Required government forms for transfer of registration
Vessel
Purchase Price
Deposit
Closing Date
Closing
Bill of Sale
Delivery Date
Delivery Location
Due Diligence Period
Effective Date
Encumbrance
Equipment
Excluded Items
Force Majeure
Hull Identification Number
Included Equipment
Insurance Policy
Intellectual Property Rights
Inventory
Liability
License
Maritime Liens
Material Adverse Change
Operating Manuals
Party/Parties
Personal Property
Pleasure Craft License
Registration
Sale Documents
Sea Trial
Seller's Representative
Specifications
Survey
Surveyor
Technical Documentation
Title Documents
Transfer Documents
Vessel Documentation
Warranties
Recitals
Definitions
Subject Matter
Purchase Price
Payment Terms
Deposit
Vessel Description
Title Transfer
Representations and Warranties
Conditions Precedent
Due Diligence
Inspection Rights
Sea Trial
Survey Requirements
Insurance
Risk of Loss
Closing Conditions
Delivery
Documentation
Registration Requirements
Vessel Condition
Equipment and Accessories
Excluded Items
Broker Commission
Taxes and Fees
Default
Remedies
Force Majeure
Assignment
Notices
Amendment
Entire Agreement
Severability
Governing Law
Dispute Resolution
Confidentiality
Further Assurances
Survival
Indemnification
Time of Essence
Marine & Boating
Recreational Vehicles
Marine Retail
Maritime Services
Leisure & Recreation
Marine Insurance
Marine Finance
Yacht Brokerage
Marine Transportation
Maritime Law
Legal
Sales
Compliance
Finance
Operations
Risk Management
Documentation
Business Development
Customer Service
Marine Operations
Marine Broker
Yacht Dealer
Maritime Lawyer
Marine Insurance Agent
Finance Manager
Compliance Officer
Documentation Specialist
Sales Manager
Contract Administrator
Marine Surveyor
Business Development Manager
Risk Manager
Legal Counsel
Operations Manager
Marine Finance Specialist
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