You can use my contract for an undocumented boat purchase in Virginia for ideas. It was done for me as a buyer. I am a licensed lawyer in Virginia, so you should consult a lawyer in your jurisdiction to determine if it is valid and appropriate for your use. 1. The buyer accepts the purchase and the seller agrees to sell all rights, titles and shares of the yacht or boat described as follows: 15. If the broker becomes a party to a dispute with this agreement and the broker is not guilty, it is agreed that the broker will reimburse his legal fees and fees by the party or parties who violated that agreement. I, the seller, herethly transfer the exclusive ownership of the boat and trailer to the buyer. The sale price of the vessel in question and the trailer is paid in total on the day of the xxxx of the month. If you can do pro bono with an avocado, but even at 25K there are many things can go south on you if the money is involved, so you get an ordinary contract.
The courts are full of small demands. A friend of the realtor of mine was tricked by a seller into being a nice guy for a low price list, so the list deal was easily goosebumps or a handshake. He won in court, but no one really “won” in that situation. My friend told me never to go back. But it`s too long! And it`s a negotiated sales contract! And it`s a PDF file; he was hoping for an MS Word file. And he uses big words. And Jeez! It`s FOUR WHOLE PAGES! Yes, for a 25K boat, most brokers don`t waste their time on a boat of this value, unless it`s on their sales dock, lot, etc. on trade, bought it itself in a weak time. Moorage and space is expensive and you can go upside down really fast when sitting. If you can find a broker to be happy to do good – good idea.
These 4 pages, documented by the YBAA, were reviewed by a lawyer, not free, probably revised once a year (or more) and as most professional associations like YBAA, FYBA, CBYA, NWYBA, BCYBA have standard forms. However, they are usually sticky on them are intellectual property. Florida law regulates all disputes under the IYBA PSA. The choice of law under YBAA PSA is located in the condition of the seller`s main establishment. Courts in different states interpret treaties differently. The way one state views an agreement differs from how another state views an agreement. Florida, for example, requires that specific information be effective for a contractual provision for liquidated damages, while other states do not have similar requirements. Since the YBAA PSA can be governed by the laws of different states, depending on where the seller`s office is located, it may be helpful to take a quick look at a local lawyer`s contract. Most brokers on the East Coast and the Caribbean are purchased and sold by one of two agreements – either with the International Yacht Broker`s Association Purchase and Sale Agreement for Vessel Brokerage (“IYBA PSA”), or the YBAA Vessel Purchase and Sale Agreement (YBAA PSA). Although it is very similar in many ways, there are a few distinctions to mention.
This article examines the main differences between these two agreements.