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New Vessel Construction Agreements
Purchasing a custom Motor Yacht is an exciting experience and not one to be taken lightly. Once you commit to spending millions of dollars on a vessel, it is easy to get caught up in the excitement and want to rush through the contract negotiation process so that the company you select may begin building your vessel. However, it is imperative that you understand that the negotiation of your new Vessel Construction Agreement is the most important aspect of the entire purchasing process and must be undertaken in such a manner so at to protect you and your interests every step of the way.
There are so many factors that must be considered when negotiating a Vessel Construction Agreement. For example, whether the builder is in the United States or abroad, the Class of the vessel, whether portions of the hull or superstructure are complete, where the vessel will be flagged, all of these and many other factors should be considered in negotiating the terms of your Agreement.
The attorneys at MarineLawyers.net have been through this process and understand how to protect your interests. We understand the importance of addressing even the smallest of details and anticipate various contingencies that may arise - - contingencies and pitfalls that other contract lawyers who lack experience with vessel construction agreements may not understand or recognize.
Don’t rely on Brokers to protect your interests. Don’t be fooled into thinking the manufacturer is protecting your interests. Don’t let a poorly drafted or negotiated agreement ruin your boat building experience. Let the attorneys at MarineLawyers.net protect you and your investment throughout the entire process.
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