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Vessel Bill of Sale

FOR GOOD AND VALUABLE CONSIDERATION, including the payment of $______, the receipt and sufficiency of which is hereby acknowledged, _____ ("SELLER") hereby sells and transfers to _______ ("BUYER") the following vessel:

For the payment of the sum of $ ______ by BUYER and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged.

SELLER does hereby sell, transfer, and convey to BUYER and his heirs, executors, administrators, and assigns the following vessel:

Description of Vessel. Seller will sell and deliver to Buyer a vessel described as follows: [manufacturer, model, year, length, serial number].

The vessel will be equipped with [number and type] engines and other equipment now on said vessel, excluding __ [describe equipment].

Marine Vessel: $_______

Trailer: $_______

Outboard Motor: $_______

Description of Trailer. Seller will sell and deliver to Buyer a trailer described as follows: [manufacturer, identification number, year, empty weight, serial number].

Description of Outboard Motor. Seller will sell and deliver to Buyer an outboard motor described as follows: [make, model, identification number, year, serial number].

Arbitration. Any disputes pertaining to said contractual arrangement being affairs that cannot be settled amicably shall be submitted to an arbitrator under the Rules of the American Arbitration Association or like organization in the City of [city], whose award may be reduced to judgment in any court of competent jurisdiction.

Severability. If any provision of this Vessel Bill of Sale shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable. If a court finds that any provision of this Vessel Bill of Sale is invalid or unenforceable, but that by limiting such provision it would become valid or enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited.

Waiver Of Contractual Right. The failure of either party to enforce any provision of this Vessel Bill of Sale shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Bill of Sale.

Interpretation. This Vessel Bill of Sale will in all events be construed as a whole, according to its fair meaning, and not strictly for or against a party merely because that party (or the party's legal counsel) drafted the Vessel Bill of Sale. The headings, captions, and titles in this legal Vessel Bill of Sale are merely for reference and do not define, limit, extend, or describe the scope of this Vessel Bill of Sale or any provision herein. Unless the context requires otherwise, (a) the gender (or lack of gender) of all words used in this Vessel Bill of Sale includes the masculine, feminine, and neuter, and (b) the word including means including without limitation.

Advice Of Legal Counsel. Each individual party to this Vessel Bill of Sale represents and warrants to each other party that such party has read and fully understands the terms and provisions hereof, has had an opportunity to review this Bill of Sale with legal counsel, and has executed this Vessel Bill of Sale based upon such party's own judgment and advice of independent legal counsel.

Modifications. A modification or waiver of any of the provisions of this Vessel Bill Of Sale shall be effective only if made in writing and executed with the same formality as this Vessel Bill Of Sale. Failure of either party to insist upon strict performance of any of the provisions of this Vessel Bill Of Sale shall not be construed as a waiver of any subsequent default of the same or similar nature.

No Harassment. Both parties agree not to molest, harass, interfere with, or impose any restraint upon the other, except as set out in this Bill Of Sale.

Interpretation. This Vessel Bill Of Sale will in all events be construed as a whole, according to its fair meaning, and not strictly for or against a party merely because that party (or the party's legal counsel) drafted the Vessel Bill Of Sale. The headings, captions, and titles in this Vessel Bill Of Sale are merely for reference and do not define, limit, extend, or describe the scope of this Vessel Bill Of Sale or any provision herein. Unless the context requires otherwise, (a) the gender (or lack of gender) of all words used in this Bill Of Sale includes the masculine, feminine, and neuter, and (b) the word including means including without limitation.

Notices. Any notice to be given or to be served upon any party hereto must be in writing and may be given by certified or registered mail, but shall be deemed to have been given and received when a certified or registered letter containing such notice, properly addressed with postage prepaid, is deposited with the United States Postal Service. If notice is given in some manner other than by certified or registered mail, it shall be deemed to have been given when delivered to and received by the party to whom it is addressed, Such notices shall be given to the parties hereto at the following addresses:

If to the [Seller]:
[name]
[street address]
[city, state, zip]

If to the [Buyer]:
[name]
[street address]
[city, state, zip]

All such notices and communications shall be deemed to have been duly given when delivered by hand, if personally delivered; three (3) business days after deposit in any United States Post Office, postage prepaid, if mailed; when answered back, if faxed; and when receipt is acknowledge. Any party hereto may change its address for purposes of this paragraph by written notice given in the manner provided above.

Unenforceable Terms. Any provision hereof prohibited or unenforceable under any applicable law of any jurisdiction shall as to such jurisdiction be ineffective without affecting any other provision of this Vessel Bill of Sale. To the full extent, however, that the provisions of such applicable law may be waived, they are hereby waived to the end that this Bill of Sale be deemed to be a valid and binding Bill of Sale enforceable in accordance with its terms.

Execution In Counterparts. This Vessel Bill of Sale may be executed in several counterparts and when so executed shall constitute shall constitute one Vessel Bill of Sale binding on all the parties, notwithstanding that all the parties are not signatory to the original and same counterpart.

No Representations. Neither party has made any representations nor promises, other than those contained in this Vessel Bill of Sale or in some further writing signed by the party making the representation or promise.

Further Assurances. In connection with this Vessel Bill of Sale and the transactions contemplated hereby, each party to this Vessel Bill Of Sale will execute and deliver any additional documents and perform any additional acts that may be necessary or appropriate to effectuate and perform its obligations under this Vessel Bill Of Sale and the transactions contemplated hereby.

Seller hereby warrants that (s)he is the lawful owner of said vessel and that (s)he has full legal right, power, and authority to sell said vessel. Seller further warrants said vessel to be free of all encumbrances, liens, security agreements, claims, demands, and charges of every kind whatsoever and will warrant and defend the title to said vessel against any and all persons whomsoever.

IN WITNESS WHEREOF, the Parties have executed this Vessel Bill Of Sale on this __ day of __, 20 _.

Seller Name(s): _______

Seller Signature(s): ______

Seller Street Address(es): ______

City: _____ State: ____ Zip Code: __

Date Signed: __/__/__

Buyer Name(s): ________

Buyer Signature(s): ______

Buyer Street Address(es): ______

City: ____ State: ____ Zip Code: __

Date Signed: __/__/__

Witnessed by: ________

Witness Signature(s): ______

Witness Street Address(es): ______

City: ____ State: ____ Zip Code: __

*** If Required By Federal or State Law ***

This Section for Notary:

ACKNOWLEDGMENT

State of _________

County of ________ [COUNTY]

On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.

Signature ________
Notary

My commission expires: _____

(Seal)