Purchase Agreement printable pdf download

The Oxford Yacht Agency, Inc.

Purchase Agreement

AGREEMENT made this_______day of_______________, by and between

______________________(hereafter called the OWNER), OWNER of the _________________

or Vessel called the ________________________ (hereafter called the VESSEL), and

____________________ (hereafter called the PURCHASER).

1. The OWNER hereby agrees to sell and the PURCHASER hereby agrees to buy the

VESSEL subject to the terms and conditions herein.

2. The purchase price of the VESSEL is __________________________dollars

($_______). Upon signing of this Agreement by the PURCHASER, a deposit of 10% of the

purchase price, _______________ dollars ($______) shall be paid by the PURCHASER to the

Oxford Yacht Agency, Inc. (hereafter called the DEALER).

3. The purchase of the VESSEL is subject to SEA TRIAL, SURVEY & PERSONAL

INSPECTION, to be conducted as soon as practical after the execution of this Agreement, at the

option of and at the expense of the PURCHASER. The Purchaser shall give written acceptance

or rejection of this VESSEL by _________________ , and if the Dealer on or before said date

does not receive notification, it shall be construed as acceptance of the VESSEL by the

PURCHASER.

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 to be executed by

him for the completion of his purchase, pursuant to the terms of the contract, on or before

________________, the sum of this date paid shall be retained by the OWNER and DEALER as

liquidated and agreed damages and the parties shall be relieved of all obligation under the

contract.

5. The OWNER hereby agrees to pay the above named DEALER, on closing date as

above, as commission for finding a PURCHASER for the above described VESSEL, the sum of

__________($______), or one-half (1/2) of the deposit, in case same is retained as liquidated and

agreed damages, provided same shall not exceed the full amount of the commission.

6. The DEALER 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.

Purchase Agreement

Purchase Agreement