The Aircraft Purchase Agreement is a vital legal document used in the UAE for documenting the sale and purchase of aircraft, whether new from manufacturers or pre-owned. This agreement must comply with UAE Civil Aviation Law, GCAA regulations, and international aviation treaties to which the UAE is a signatory, particularly the Cape Town Convention. It is essential for any aircraft acquisition in the UAE, providing comprehensive coverage of all aspects of the transaction including technical specifications, price, payment terms, delivery conditions, warranties, and regulatory requirements. The document serves as the primary reference point for the rights and obligations of both parties throughout the aircraft transfer process, while ensuring compliance with UAE aviation regulations and financial laws.
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1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Context of the transaction and brief description of the parties' intentions
3. Definitions: Defined terms used throughout the agreement
4. Sale and Purchase: Core agreement for the sale and purchase of the aircraft
5. Purchase Price: Details of the purchase price, payment schedule, and payment methods
6. Deposits and Payment Terms: Specifics of deposit amounts, timing, and escrow arrangements
7. Conditions Precedent: Conditions that must be satisfied before completion of the purchase
8. Pre-Delivery Inspection: Rights and procedures for aircraft inspection before delivery
9. Delivery and Acceptance: Process for aircraft delivery and acceptance procedures
10. Title and Risk: Transfer of title and risk provisions
11. Representations and Warranties: Warranties from both parties regarding the aircraft and transaction
12. Insurance: Required insurance coverage during delivery and transfer
13. Indemnification: Mutual indemnification provisions
14. Default and Termination: Events of default and termination rights
15. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction provisions
16. Notices: Communication procedures between parties
17. Miscellaneous: Standard boilerplate provisions including amendments, waivers, and severability
1. Financing Arrangements: Include when third-party financing is involved in the purchase
2. Registration and Deregistration: Include when specific arrangements for aircraft registration transfer are needed
3. Maintenance and Repairs: Include when specific pre-delivery maintenance requirements exist
4. Training and Support: Include when seller provides additional training or support services
5. Export/Import Requirements: Include for international transactions requiring specific customs procedures
6. Broker/Agent Provisions: Include when brokers or agents are involved in the transaction
7. Tax Provisions: Include when specific tax considerations need to be addressed
8. Assignment Rights: Include when transfer rights need specific regulation
1. Aircraft Specifications: Detailed technical specifications of the aircraft
2. Aircraft Documents: List of all required aircraft documentation and records
3. Delivery Condition Requirements: Specific conditions the aircraft must meet at delivery
4. Form of Acceptance Certificate: Template for the aircraft acceptance certificate
5. Payment Schedule: Detailed schedule of payment installments
6. Pre-Delivery Inspection Protocol: Detailed procedures for pre-delivery inspection
7. Required Modifications: List of modifications required before delivery
8. Warranty Terms: Detailed warranty terms and conditions
9. Insurance Requirements: Specific insurance requirements and coverage details
10. Form of Bill of Sale: Template for the aircraft bill of sale
Relevant legal definitions
Clauses
Relevant Industries
Aviation
Aerospace
Transportation
Manufacturing
Financial Services
Insurance
Legal Services
Commercial Aviation
Private Aviation
Defense
Relevant Teams
Legal
Finance
Procurement
Operations
Technical
Compliance
Risk Management
Aviation
Commercial
Insurance
Regulatory Affairs
Relevant Roles
Chief Executive Officer
Chief Financial Officer
General Counsel
Aviation Attorney
Fleet Manager
Procurement Director
Technical Director
Compliance Officer
Risk Manager
Aviation Finance Manager
Operations Director
Commercial Director
Aircraft Engineer
Aviation Insurance Specialist
Regulatory Affairs Manager
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