Originally Posted by phughes69

I found this purchase agreement on another forum. The part I like about it is if as the buyer I am not satisfied, the deposit is refunded to me.

VESSEL PURCHASE AND SALE AGREEMENT
Buyers Sellers
Address:
Phone:
Name of Vessel
Make and Type Year
Registration Number
Hull ID
Deposit and Payment
Buyers offer to purchase all right, title and interest in the above vessel together with all of its gear, machinery, equipment, furnishings, boats, appurtenances and other articles aboard or ashore, including, without limitation, all items set forth in the list of inventory attached hereto, (collectively, the “Vessel”), subject to the terms and conditions of this agreement. The purchase price of the vessel shall be ($). Buyers have delivered to the sellers a deposit of ($). The balance is to be paid within xxxx (x) days of completion of the sea trial, engine survey and marine survey. Final payment is to be made in the form of a cashier’s check.
Performance and Condition
Offer is made subject to Buyers’ satisfaction with the performance of the vessel and to their acceptance of the condition of the vessel as put forth in an engine survey and marine survey made in their behalf. Buyers agree to hire and pay for services of the surveyors of their choice and to pay for haul out charges in connections with the surveys.
Deposit Refund
Should the vessel prove unsatisfactory to the Buyers due to performance or condition as determined, by the Buyers, during sea trial and surveys, the deposit will be refunded less any expenses incurred for the Buyers’ benefit.
Title
Sellers are to furnish clear title to the vessel in accordance with regulations of the Tax Departments of the City, County, and State. Title to the vessel shall remain with the Sellers until payment in full has been made.
Liens, Bills, etc
The Sellers are to discharge all liens, mortgages and bills of any kind now held against the vessel, or any which may be incurred in their behalf before passage of title and possession to the Buyers.
Condition not Warranted
Vessel is offered to the Buyers “as is, where is and with all faults”. No representation as to the condition of said vessel is binding upon the Sellers. No warranty is either expressed or implied other than specifically set forth in this agreement.
Buyers Offer
By signing below, Buyers offer, as of the date indicated, to purchase the Vessel from Sellers under the terms and conditions of this Agreement.
Buyer:
Date:

Sellers Acceptance
By signing below, Sellers agree, as of the date indicated, to sell the Vessel to Buyer under the terms and conditions of this Agreement.
Seller:
Date:

Sea Trial Approved Engine Survey Approved
Buyer:
Date:

Marine Survey Approved
Buyer:
Date:

Buyers Final Acceptance
By signing below, Buyers acknowledge that pursuant to the provisions of this Agreement, Buyers have approved of the Vessel in all respects, and that all contingencies have been satisfied.

Buyer:
Date:
Inventory list
The following items shall be considered to be part of the Vessel and shall be included in the purchase price set forth in this agreement.
Inventory not included