The Private Boat Sale Contract serves as essential documentation for private vessel transactions in the United States. This contract is necessary whenever a private boat owner wishes to sell their vessel to another party, ensuring compliance with federal maritime laws and state registration requirements. The document typically includes detailed vessel information, sale terms, warranties, and title transfer provisions. It protects both parties' interests by clearly defining responsibilities and obligations, while meeting legal requirements for vessel ownership transfer at federal and state levels.
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1. Parties: Identification of seller and buyer with full legal names and addresses
2. Background: Brief context of the sale and vessel identification
3. Definitions: Key terms used throughout the agreement
4. Vessel Description: Detailed description of the boat including make, model, year, HIN, registration numbers
5. Purchase Price: Agreed price and payment terms
6. Warranties and Representations: Seller's declarations regarding vessel condition and ownership
7. Transfer of Title: Terms of ownership transfer
8. Closing and Delivery: Details of sale completion and vessel handover
1. Financing Terms: Required if purchase involves financing arrangements or installment payments
2. Survey and Inspection: Terms for pre-purchase inspection and survey requirements
3. Equipment Included: Detailed list of equipment included in sale with specifications
1. Schedule A - Vessel Specifications: Detailed technical specifications of the vessel
2. Schedule B - Inventory List: Detailed list of included equipment and accessories
3. Schedule C - Maintenance Records: History of vessel maintenance and repairs
4. Appendix 1 - Registration Documents: Copies of current registration and documentation
5. Appendix 2 - Survey Report: If applicable, results of pre-purchase survey
Relevant legal definitions
Agreement
Vessel
HIN (Hull Identification Number)
Purchase Price
Closing Date
Delivery Date
Deposit
Certificate of Title
Bill of Sale
Effective Date
Included Equipment
Registration Documents
Encumbrances
Liens
Survey
Surveyor
Sea Trial
Vessel Documentation
Force Majeure
Business Day
Warranties
Material Defect
Transfer Documents
Port of Registry
Governing Law
Excluded Items
Acceptance Protocol
Completion Date
Clauses
Vessel Description and Identification
Purchase Price and Payment Terms
Title Transfer
Warranties and Representations
Condition of Vessel
Inspection and Survey Rights
Sea Trial
Acceptance and Delivery
Registration and Documentation
Insurance
Risk of Loss
Taxes and Fees
Default and Remedies
Governing Law
Dispute Resolution
Force Majeure
Entire Agreement
Severability
Assignment
Notices
Indemnification
Brokers and Commissions
Confidentiality
Amendment and Modification
Counterparts
Time of Essence
Relevant Industries
Relevant Teams
Relevant Roles
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