Vessel Purchase Agreement
Maritime sales contract covering boat specifications, survey requirements, title transfer, financing terms, and delivery conditions for commercial or recreational vessel purchases.
Key Clauses
Scope of Services
Defines the specific services, deliverables, and performance standards required under the agreement.
Compensation and Payment
Establishes fee structures, payment schedules, invoicing procedures, and late payment penalties.
Term and Termination
Sets the agreement duration, renewal options, and conditions under which either party may terminate.
Confidentiality
Protects proprietary information and trade secrets shared between the parties during the engagement.
Indemnification
Allocates liability and requires each party to hold the other harmless from specified claims and damages.
Use This Template
When You Need This
- Shipping company acquiring cargo vessel for fleet expansion
- Fishing operation purchasing commercial boat for seafood harvesting business
- Coast Guard organization buying patrol boat for maritime safety
- Tourism company purchasing yacht for charter and sightseeing services