Purchase offer for a boat

Description

• The purchase offer is an extremely important document in the negotiations that would lead to the acquisition of a vessel.
• It is a contract whereby the buyer agrees to purchase and the seller, accepting the purchase offer, commits himself or herself to sell under the conditions provided therein.
• The purchase offer is therefore binding upon both parties.
• The non-compliance with the purchase offer may have serious legal consequences for the party who refuses to comply with such a contract; if:
  • If the seller refuses to execute the purchase offer, the buyer may apply to Court to force the seller to sell such property under the conditions stated in the purchase offer;
  • If the buyer does not want to perform his or her obligation, the seller may apply to Court to seek damages from the buyer for the suffered harm.
• The purchase offer, available on this website, is a comprehensive document that will usually meet your needs.

• For a purchase offer of which conditions are more complex, please contact  .

Summary

Summary of the clauses available for the preparation of your purchase offer.

• Identification of the parties
• Subject matter of the purchase offer
• Purchase price
• Conditions of the purchase offer (series of optional conditions, some of which are subject to an additional fee):
  • Financing
  • Vessel Inspection
  • Obtaining adequate insurance quote
  • Testing the boat on water
  • Balance of sale price ($)
  • Privilege of continuing to offer the boat for sale ($)
  • Acceptance conditional upon cancellation of another previously accepted offer ($)
  • Waiver of right of first refusal ($)
  • Sale of the boat of the purchaser ($)
• Declarations and obligations of the seller
• Declarations and obligations of the purchaser
• Arrangements for the transfer of ownership and taking of possession
• Election of domicile
• Terms of acceptance and signatures