New joint industry-standard contract template for yacht brokers

A new joint industry-standard Sale and Purchase Agreement for professional yacht brokers has been launched by the Association of Brokers and Yacht Agents (ABYA) and the British Marine Boat Retailers and Brokers Association (BRBA).

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For boat buyers and vendors, the new agreement should provide 'greater protection, clarity and confidence when buying or selling a yacht through a professional yacht broker'. By creating a legally robust and industry-standard contract, the collaboration aims to ensure transparency, reduce risk, and