PLEASURE CRAFT SALES CONTRACT
This Pleasure Craft Sale Contract (“Contract”) is entered into on this [EFFECTIVE DATE] (the “Effective Date”), by and between: [YOUR NAME], with an address at [YOUR ADDRESS] (also referred to as the "Seller") AND [Buyer's Name], with an address at [Buyer's Address] (also referred to as the "Buyer").
RECITALS
Whereas, Seller desires to sell a pleasure craft to Buyer and Buyer desires to purchase said yacht from Seller, subject to the terms and conditions set forth herein.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
1. DESCRIPTION OF THE PLEASURE CRAFT
The Pleasure Craft that the Seller is selling is a 2008 Sea Ray 260 Sundancer, white hull, with twin Mercruiser 5.0L engines and a full cabin setup.
2. CONSIDERATION
The total purchase price to be paid by the Buyer to the Seller for the Pleasure Craft is $75,000 payable on April 15, 2050, by wire transfer.
3. REPRESENTATIONS AND WARRANTIES
The Seller represents and warrants to the Buyer that:
(a) the Seller owns the Pleasure Craft free and clear of all liens;
(b) the Seller has full power and authority to sell the Pleasure Craft; and
(c) the Pleasure Craft will be sold free and clear of all liens and encumbrances.
4. CONDITION OF THE PLEASURE CRAFT
The Pleasure Craft, which is currently up for sale, is being offered in its current condition, also referred to as "as is." This means that there are no guarantees or warranties that accompany the sale of this Pleasure Craft, whether they be of any kind, inclusive of the general condition, functionality, or even performance-related aspects of the craft.
5. IMDEMNITY
The Buyer shall indemnify the Seller against all liabilities, costs, expenses, damages, and losses incurred by the Seller as a result of any breach of this Agreement by the Buyer.
6. FORCE MAJEURE
Neither party shall be liable for any failure or delay in performing its obligations under this Agreement to the extent that such failure or delay is caused by a Force Majeure Event.
7. GOVERNING LAW AND JURISDICTION
This Agreement and any dispute or claim arising out of, or related to it, shall be governed by and construed by the laws of the State of California.
8. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties and supersedes and extinguishes all previous agreements, promises, assurances, warranties, representations, and understandings between them, whether written or oral, relating to its subject matter.
IN WITNESS WHEREOF, each of the Seller and the Buyer has executed this Agreement, as of the Effective Date.
[YOUR NAME]
[DATE SIGNED]
[BUYER'S NAME]
[DATE SIGNED]
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