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Purchase Agreement
Purchase agreement for __________________________
made on this _________day of_____________2008
between__________________________(hereafter called the purchaser)and____________________________(hereafter called the seller)
1)The seller hereby agrees to sell and the purchaser hereby agrees to buy the vessel subject to terms and conditions herein.
2)The purchase price of the vessel is______________Dollars
(____________)
Upon the signing of this agreement by the purchaser a deposit of___________________to St Augustine Yacht Sales(hereafter called the broker)and shall be held in an Escrow Account by the broker.This offer is withdrawn if not accepted by____________________.
3)The purchase of this vessel is subject to_____________________________________________________
To be conducted as soon as possible after the execution of this agreement,at the option and expense of the purchaser.
The purchaser shall give written acceptance or rejection of the vessel by______________and if written notification is not received on or before said date,it shall be construed as an acceptance of the vessel by the purchaser and St Augustine Yacht Sales.
4)In the event,after written or construed acceptance of the vessel,the purchaser fails to pay the balance of the purchase price and execute all papers necessary by him for the completion of the purchase,pursuant to the terms of this contract,on or before______________the deposit sum paid shall be retained by the seller and the broker as liquidated and agreed damages and the parties shall be relieved of all obligations under this contract.
5)The broker offers details of the vessel in good faith but cannot guarantee the accuracy of this information nor warrant the condition of the vessel.It is understood and agreed that the purchaser may instruct his agents or surveyors to investigate such details as the purchaser desires validated.
6)The said vessel is being sold and purchased free and clear of all debts,claims,liens and encumberances of any kind whatsoever,except what is noted herein________________.
and the seller warrants and will defend that the vessel has a good marketable title thereto and the lawful right to sell the same.The purchaser understands that all brokered and used boats or rigs are sold"AS IS" and that the seller makes no warranty whatsoever unless in writing on this contract.
7)On or before the date set forth for final payment(as above)delivery of said vessel shall be made at_____________,together with all gear,machinery,equipment,furnishings and all other articles and apparatas thereto belonging.
8)It is further agreed by the parties that the State Sales Tax if applicable,is to be paid by the purchaser.
9)In the event that this sale is not consummated by reasons of destruction of the vessel for any reason including Act of God,the deposit shall be returned,providing all expenses incurred by the purchaser against the vessel having been paid,and his agreement shall be null and void.This contract is binding on the seller and the purchaser,their heirs,executers,or assigns,as soon as executed by both parties hereunto.
*vessel does not leave the yard until all bills are paid in full.
Witness______________________Purchaser___________________
___________________________ ___________________________
___________________________ Seller________________________
___________________________ ______________________________
Sea Trial accepted_____________Survey accepted_____________
Receipt of payment in the amount stated above_____________
Acknowledged by_________________Date______________
St. Augustine Yacht Sales
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404 Riberia St St. Augustine, FL 32084, USA |
Toll-free 866-610-1703 Tel 904-829-1589 Fax 904-829-1575 Email Us |
