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Sample Boat Sales Agreement
BOAT SALES AGREEMENT
This Boat Sales Agreement ("Agreement") is made and entered into on [Date], by and between:
Seller:
Name: [Seller's Full Name]
Address: [Seller's Address]
Phone: [Seller's Phone Number]
Email: [Seller's Email Address]
Buyer:
Name: [Buyer's Full Name]
Address: [Buyer's Address]
Phone: [Buyer's Phone Number]
Email: [Buyer's Email Address]
1. Description of the Boat
The Seller agrees to sell, and the Buyer agrees to purchase, the following boat ("Boat"):
Make: [Boat Make]
Model: [Boat Model]
Year: [Year of Manufacture]
Hull Identification Number (HIN): [HIN]
Registration Number: [Registration Number]
Engine Make and Model: [Engine Make and Model]
Engine Serial Number: [Engine Serial Number]
Length: [Length in Feet]
Color: [Color]
Accessories Included: [List of Accessories]
2. Purchase Price
The total purchase price for the Boat is Ksh [Purchase Price] ("Purchase Price"). The Purchase Price is payable as follows:
Deposit: Ksh [Deposit Amount] payable on the signing of this Agreement.
Balance: Ksh [Balance Amount] payable on or before [Date of Final Payment].
3. Payment Method
The Buyer shall pay the Purchase Price by [Payment Method, e.g., bank transfer, cheque, cash].
4. Delivery
The Seller agrees to deliver the Boat to the Buyer on [Delivery Date] at [Delivery Location]. The risk of loss or damage to the Boat shall pass to the Buyer upon delivery.
5. Warranties
The Seller warrants that:
The Seller is the legal owner of the Boat and has the right to sell it.
The Boat is free from any liens, encumbrances, or other claims.
The Boat is in good working condition and has been maintained according to the manufacturer's recommendations.
6. Inspection
The Buyer has the right to inspect the Boat before the final payment. The Buyer acknowledges that they have inspected the Boat and accepts it in its current condition.
7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of Kenya.
8. Dispute Resolution
Any disputes arising out of or in connection with this Agreement shall be resolved through mediation. If mediation fails, the dispute shall be resolved through arbitration in accordance with the Arbitration Act of Kenya.
9. Entire Agreement
This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, or agreements, whether written or oral.
10. Amendments
Any amendments to this Agreement must be in writing and signed by both parties.
11. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Boat Sales Agreement as of the day and year first above written.
Seller:
[Seller's Full Name]
Date: [Date]
Buyer:
[Buyer's Full Name]
Date: [Date]
Witness 1:
[Witness 1 Full Name]
Address: [Witness 1 Address]
Date: [Date]
Witness 2:
[Witness 2 Full Name]
Address: [Witness 2 Address]
Date: [Date]
Sources:
This sample Boat Sales Agreement is designed to provide a comprehensive framework for the sale and purchase of a boat in Kenya. It includes essential details such as the description of the boat, purchase price, payment method, delivery terms, warranties, inspection rights, governing law, dispute resolution, and signatures. It is advisable to consult with a legal professional to ensure that the agreement meets all legal requirements and adequately protects the interests of both parties.
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