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The Airplane Purchase Agreement is a crucial legal document used in aircraft acquisition transactions within the Australian jurisdiction. It serves as the primary contract between sellers (such as manufacturers, dealers, or current owners) and purchasers (including commercial airlines, private individuals, or corporations) for the sale and transfer of aircraft. The agreement must comply with Australian aviation regulations, particularly the Civil Aviation Act 1988 and Civil Aviation Safety Regulations 1998, while also considering international aviation conventions that Australia has ratified. This document is essential for both new and used aircraft transactions, incorporating detailed technical specifications, regulatory compliance requirements, warranties, and risk transfer provisions. It's particularly important in the Australian context due to specific local aviation safety standards, GST implications, and registration requirements with the Civil Aviation Safety Authority (CASA).

1. Parties: Identification of seller and purchaser with full legal details

2. Background: Context of the transaction and brief description of the aircraft being sold

3. Definitions: Defined terms used throughout the agreement

4. Sale and Purchase: Core agreement to sell and purchase the aircraft, including purchase price

5. Payment Terms: Details of payment structure, deposit, final payment, and payment method

6. Aircraft Specifications: Brief description of the aircraft with reference to detailed specifications in schedule

7. Conditions Precedent: Conditions that must be met before completion of the sale

8. Pre-Delivery Inspection: Rights and procedures for aircraft inspection before delivery

9. Delivery: Delivery location, timing, and acceptance procedures

10. Title and Risk: Transfer of title and risk in the aircraft

11. Seller's Representations and Warranties: Warranties about aircraft condition, ownership, and compliance

12. Purchaser's Representations and Warranties: Warranties about authority to purchase and regulatory compliance

13. Registration and Regulatory Compliance: Obligations regarding aircraft registration and regulatory requirements

14. Insurance: Insurance requirements during delivery and transfer

15. Indemnification: Mutual indemnities and liability provisions

16. Default and Termination: Events of default and termination rights

17. Dispute Resolution: Process for resolving disputes

18. Governing Law: Australian law as governing law and jurisdiction

19. General Provisions: Standard boilerplate clauses including notices, amendments, etc.

20. Execution: Signature blocks and execution details