Boat transactions guide: everything you need to know when buying or selling a boat
Buying or selling a boat involves much more than agreeing a price and arranging a transfer of ownership. Questions relating to title, VAT status, registration, contractual terms, surveys and due diligence can all affect the progress of a transaction and, in some cases, lead to costly disputes or delays.
To help buyers and sellers understand the legal issues involved, Peter Jeffery and Oliver Ward from the corporate and commercial team based in Southampton have produced a series of insights examining the key legal and practical considerations in boat transactions.
This five-part guide covers five key legal aspects of buying and selling a boat, from preparing a vessel for sale and carrying out due diligence to negotiating the purchase agreement and dealing with issues identified during a survey or sea trial.
This five-part guide covers:
Legal checks: the issues buyers and sellers should consider before proceeding.
Purchase agreements: important contractual terms and protections.
Surveys and sea trials: what to consider when problems are identified.
Preparing for sale: steps sellers can take before entering the market.
Transaction pitfalls: issues that can cause disputes, delay or additional cost.
Five legal insights on boat transactions
Legal advice on buying or selling a boat
Speak to our corporate and commercial team
Partner Peter Jeffery and legal assistant Oliver Ward are in the corporate and commercial team based in Southampton. If you are considering buying or selling a boat, or have encountered a problem during a transaction, contact Peter or Oliver to discuss your circumstances and the legal options available to you.
Get in touch
If you would like to speak with a member of the team you can contact our corporate and commercial solicitors by telephone on +44 (0)20 3826 7539 or complete our enquiry form.
