Hi Ex-Calif
I would be very grateful if you could send me a copy of this purchase agreement.
Thanks and regards

Olivier
olivierpellenard AT paradise.net.nz


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You need to look at a purchase agreement. I have one and the caveat is that I am not a lawyer.

A purchase agreement spells out what happens and when it happens. It specifies the downpayment, the initial asking price, when the boat should be available for sea trial, what is and is not included and what is considered a default by either party and what happens if either party defaults.

Then there is a bill of sale when the contract is completed that stipulates the money was received and the title is clear etc.

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PM me with your email address if you want copies of the documents we used. You broker should have similar processes or I'd find a different broker.