When drafting yacht design agreements between owners and designers, it’s important to focus on the design requirements, and ensure all parties understand their rights, obligations, and liabilities. At Scott Bailey LLP, our Marine Law team, led by Partner Ben Ironmonger, specialises in crafting comprehensive and clear legal agreements that protect your interests throughout the process. Key parts of yacht design agreements Payment terms: Not normally the first clause of a design agreement, but it is so important for all parties to be on the same page in terms of how and when payment is made. For projects expected to run for months and years, it is vital for design studios to incorporate clear, unambiguous payment terms into their design agreements. Design specifications: Clearly define the type of yacht design and its main features to prevent misunderstandings or disputes. Begin with … Continue reading →