Boat Ownership Agreement (A206)

Who can use this Boat Ownership Agreement?

This Agreement is for joint owners of a boat who use it for leisure, and are already the owners, or who intend to purchase one together to form a new syndicate.

This agreement is not suitable for a boat used for commercial purposes, but is suitable for a boat used for leisure purposes.

What detailed terms does the contract contain?

This seven page document contains 16 clauses covering

• definitions
• interpretations
• background
• terms of ownership of the boat
• terms of ownership of the equipment
• operational regulations
• syndicate monies
• formal meeting
• pre-emption right
• shares purchase option
• owners’ liability and insurance
• owners’ obligations
• determination of the purchase price
• arbitration
• change of ownership or address
• notices

Four Schedules are included, allowing parties to set out details of ownership, equipment, regulations and option events.

For more information on each of these sections, see our Explanatory Notes which you will receive when you buy and download the document from our website.  And if you want to use the Notes, let us know by using our contact form

When I download the document, can I change it and/or use it more than once?

Yes, all ContractStore’s templates are in MS Word and you can use the contract on more than one project. For more information, watch the video on this page of our website or see our FAQs

Legal support

ContractStore supplies templates and is not a law firm.  But all our templates are written by experienced lawyers so we can arrange legal assistance for customers who need special terms in one of our documents or a bespoke template. . For more information see our Legal Services page.