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Old 07-26-2020, 02:24 PM   #18
Olebird
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City: Guntersville, Al
Vessel Name: StarLite
Vessel Model: Mainship 30 Pilot II - 2003
Join Date: Aug 2019
Posts: 413
You have a P&S contract so you are covered by the T&C's of that contract. But be careful trying to change it - even verbally. General contract law says if you reopen any element of the deal, ALL elements of the contract become subject to re-negotiations by either party. (Some States are different). Seller is within his rights to continue to solicit additional offers until the sale closes (You get the title or BoS.) You are number one on the list, but if you don't comply strictly with the signed deal, he can kill the whole deal. The "as is" clause makes your acceptance upon survey and sea trial pretty much a "go" or "no go" situation.

Take it or leave it!

(PS - My#1 Rule - never sign the other guys P&S contract - write you own with the help of an Attorney.(assuming real money is on the table) Make sure you have included any an all special terms and conditions you want! - Seller can always say no. Never accept "AS IS" if you have any expectation of trying to get price concessions after survey and sea trial )
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