A written agreement signed,witnessed and dated is a legal
document. Even a verbal contract
between 2 or more persons or entities and witnessed by a 3rd party is recognised as a legal contract
. It is not necessary to involve a lawyer.
As the subject of this topic is 'What is required in an offer to purchase
someone's boat.' It could be a simple written offer to buy the boat for "X" amount, SUBJECT to a satisfactory "condition and valuation" survey performed by Joe Meticulous Professional Surveyor of 123 Multihull
Boulevard, Ft Lauderdale, Florida
on the 15th June 2010. The offer signed and dated. Copy of the offer is signed by the vender and returned to the potential buyer.
The offer could be more simple :- Tyre Kicker
walks up the Marina pontoon, sees Joe polishing his Beneteau
' Hey, I've been looking for one of those ! Will you take $2,000 ? Joe surprised, What ? come aboard, have a beer
? Fosters ? OK if you must! Long story short, Joe settles on $1,900 and hands over boat's papers duly signed etccc ..
Whatever, the more complicated the agreement, The happier lawyers will be (not to forget the brokers)
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