Free Boat Sale Agreement Template
Boat Sale Agreement
I. Introduction
This Boat Sale Agreement ("Agreement") is made and entered into by and between [Your Company Name], located at [Your Company Address], ("Seller") and [Second Party Company Name], located at [Second Party Company Address], ("Buyer") on this [Date].
II. Boat Description
A. Make, Model, and Year
The boat being sold is a [Brand Name] model, specifically the [Model Name], a popular choice among boating enthusiasts for its excellent performance and spacious design. This particular boat was manufactured in [Year], offering modern features and advanced technology for an exceptional on-water experience.
B. Hull Identification Number (HIN)
The Hull Identification Number (HIN) of the boat is [HIN Number], a unique identifier that ensures the boat’s originality and legal ownership. This HIN can be used for any future registration or documentation of the boat, as required by law.
C. Engine Type and Specifications
The boat is equipped with a [Engine Brand] engine, specifically a [Engine Model] with [Horsepower] horsepower, providing excellent power and fuel efficiency for long-distance cruising. The engine has been regularly maintained and is in excellent working condition, having undergone professional service within the last year.
D. Additional Accessories or Equipment Included
In addition to the boat itself, the sale includes several premium accessories such as a high-end [Brand Name] navigation system, a [Brand Name] fishing setup, and a [Brand Name] sunshade canopy for added comfort. The sale also includes a custom-designed [Brand Name] trailer that ensures safe and secure transportation of the boat when not in use.
III. Sale Price and Payment Terms
A. Total Sale Price
The agreed-upon sale price for the [Model Name] is $[00] USD, which reflects the value of the boat and its included accessories. This price is non-negotiable and includes all taxes, fees, and associated costs, unless otherwise specified in the agreement.
B. Deposit Amount (if applicable)
A deposit of $[00] USD is required to secure the sale, which will be applied to the total purchase price. The deposit is refundable only under the terms specified in this agreement, such as if the boat is found to have undisclosed defects during inspection.
C. Payment Method and Schedule
The Buyer agrees to pay the remaining balance of $[00] USD upon completion of the sale, prior to the transfer of ownership. Payment must be made via wire transfer to the Seller’s designated account, and no other form of payment will be accepted unless agreed to in writing by both parties.
IV. Condition of the Boat
A. As-is Condition or Warranties
The boat is sold in its as-is condition, meaning the Seller does not offer any warranties or guarantees concerning the boat’s performance or appearance. However, the Seller affirms that the boat has been well-maintained and is free of any known mechanical issues or defects at the time of the sale.
B. Inspection or Survey Requirement
The Buyer has the right to conduct a formal inspection or survey of the boat before finalizing the purchase, and any inspection fees will be the responsibility of the Buyer. If the inspection reveals any significant defects, the Buyer may either request repairs, negotiate the price, or cancel the agreement, as outlined in the terms of this document.
V. Transfer of Ownership
A. Delivery of Title and Registration
Upon full payment, the Seller will provide the Buyer with all necessary documents, including the boat’s title, registration, and any other paperwork required by local or state authorities for the transfer of ownership. The Seller guarantees that these documents will be free of any liens, claims, or encumbrances that could affect the sale.
B. Date of Transfer
The transfer of ownership will occur on or before [Date], at which time the boat will be delivered to the Buyer at the agreed-upon location. Both parties will sign all necessary documents to complete the transfer and finalize the sale, with the Buyer taking possession of the boat on this date.
C. Seller’s Responsibilities at Transfer
At the time of transfer, the Seller will remove all personal belongings from the boat and ensure that it is clean and ready for delivery. The Seller will also assist in any final registration procedures, including ensuring that the boat’s identification number and details are accurately recorded with the local authorities.
VI. Signatures
By signing below, both parties agree to the terms and conditions outlined in this Agreement.
Seller
[Your Name]
[Your Company Name]
[Date]
Buyer:
[Representative's Name]
[Second Party Company Name]
[Date]
