The yacht lawyer will see you now
Join us in this episode of Full Displacement as we explore the intricacies of yacht sales agreements with seasoned yacht lawyer Chris Anderson from Robert Allen Law. Whether you're a buyer, seller, or industry professional, understanding the nuances of contracts like the IYBA PSA and MYBA MOA can make or break your transaction.
Contact & Resources:
⚓️ Robert Allen Law, Maritime & Yachting Lawyers: https://currentyachts.com/resources/directory/robert-allen-law [https://currentyachts.com/resources/directory/robert-allen-law]
⬇️ Download the Current Yachts boat buying spreadsheets & checklists: https://youtube.currentyachts.com/downloads [https://youtube.currentyachts.com/downloads]
🔗 Download the IYBA PSA at: https://currentyachts.com/resources/podcast/the-yacht-lawyer-will-see-you-now [https://currentyachts.com/resources/podcast/the-yacht-lawyer-will-see-you-now]
🎥 Watch The Full Displacement Podcast from the start: https://podcast.currentyachts.com/all [https://podcast.currentyachts.com/all]
Key Findings:
🔎 The fundamental differences between IYBA and MYBA purchase and sale agreements
⏰ Significance of "Time is of the essence" clause and its absence in IYBA
💰 Deposit deadlines, default rights, and remedies under both agreements
✍🏼 Acceptance and rejection procedures for vessels, including strategic uses
📋 Inventory, exclusions, and dealing with offsite storage and leased items
👩🏻⚖️ Jurisdiction, dispute resolution venues, and arbitration options
⚠️ The importance of clear disclosures, owner certifications, and minimizing disputes
🗺️ How regional preferences influence agreement choices in the industry
⚓️ Practical insights on risk management and buyer/seller protections
🧐 The impact of AI and software-generated documents on contract integrity
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