The Aircraft Purchase Agreement is essential for documenting the sale and transfer of aircraft ownership in Belgium. It is used when parties wish to execute an aircraft transaction under Belgian jurisdiction, which provides the advantage of established European Union aviation frameworks and strong commercial law principles. The agreement must comply with Belgian Civil Code requirements, EU aviation regulations, and international aviation treaties such as the Cape Town Convention. It typically includes comprehensive details about the aircraft, purchase terms, technical specifications, warranties, and regulatory compliance requirements. This document type is particularly important given the high-value nature of aircraft transactions and the complex regulatory environment in Belgian and EU aviation markets.
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1. Parties: Identification of seller and buyer, including full legal names, registration details, and addresses
2. Background: Recitals explaining the context of the sale and basic information about the aircraft
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core agreement for the sale and purchase of the aircraft, including basic description and price
5. Purchase Price and Payment Terms: Detailed breakdown of purchase price, payment schedule, deposit requirements, and payment methods
6. Conditions Precedent: Conditions that must be satisfied before the sale can complete
7. Pre-Delivery Inspection: Rights and procedures for aircraft inspection before delivery
8. Delivery and Transfer of Title: Process for aircraft delivery, transfer of title, and risk
9. Seller's Representations and Warranties: Warranties regarding aircraft condition, ownership, and absence of encumbrances
10. Buyer's Representations and Warranties: Warranties regarding authority to purchase and compliance with regulations
11. Closing Procedures: Detailed steps for completing the transaction
12. Registration and Deregistration: Requirements and procedures for aircraft registration transfer
13. Taxes and Costs: Allocation of taxes, fees, and transaction costs
14. Indemnification: Mutual indemnification provisions
15. Termination: Circumstances allowing contract termination and consequences
16. Governing Law and Jurisdiction: Choice of Belgian law and jurisdiction provisions
17. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Financing Arrangements: Include when buyer is using external financing for the purchase
2. Insurance: Include when specific insurance arrangements are required during transition period
3. Training and Support: Include when seller is providing additional training or technical support
4. Maintenance History Verification: Include for used aircraft sales requiring detailed maintenance verification
5. Export/Import Requirements: Include when aircraft is being transferred across jurisdictions
6. Escrow Arrangements: Include when using escrow services for the transaction
7. Broker Provisions: Include when brokers are involved in the transaction
1. Aircraft Specification: Detailed technical specification of the aircraft including registration number, manufacturer, model, and serial numbers
2. Equipment List: Inventory of all equipment, components, and accessories included in the sale
3. Delivery Condition Requirements: Specific conditions the aircraft must meet at delivery
4. Required Documentation: List of certificates, manuals, and documentation to be delivered
5. Pre-Delivery Inspection Protocol: Detailed procedures for conducting the pre-delivery inspection
6. Payment Schedule: Detailed breakdown of payment installments and timing
7. Form of Acceptance Certificate: Template for the acceptance certificate to be signed at delivery
8. Form of Bill of Sale: Template for the bill of sale
9. Technical Acceptance Criteria: Specific technical requirements and acceptance tests
10. Warranty Terms: Detailed warranty terms and conditions
Relevant legal definitions
Clauses
Relevant Industries
Aviation
Aerospace
Transportation
Manufacturing
Financial Services
Insurance
Legal Services
Consulting
Private Aviation
Commercial Aviation
Relevant Teams
Legal
Finance
Procurement
Operations
Technical
Compliance
Risk Management
Aviation
Commercial
Treasury
Insurance
Asset Management
Relevant Roles
Legal Counsel
Aviation Attorney
Contract Manager
Fleet Manager
Chief Financial Officer
Technical Director
Compliance Officer
Risk Manager
Procurement Manager
Operations Director
Aviation Finance Manager
Aircraft Registration Specialist
Commercial Director
Technical Inspector
Aviation Insurance Specialist
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