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Airplane Purchase Agreement

Airplane Purchase Agreement Template for Ireland

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Key Requirements PROMPT example:

Airplane Purchase Agreement

"I need an Airplane Purchase Agreement for acquiring a new Boeing 737 MAX from the manufacturer, with delivery in March 2025, including third-party financing arrangements and compliance with Irish aviation regulations."

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Document background
The Airplane Purchase Agreement is a crucial document used in aircraft transactions governed by Irish law, designed to facilitate the sale and purchase of aircraft while ensuring compliance with domestic and international aviation regulations. This agreement is essential when transferring ownership of aircraft, whether new from manufacturers or pre-owned, and includes comprehensive provisions covering technical specifications, regulatory requirements, warranties, and financial terms. The document must comply with Irish Aviation Authority requirements, EU regulations, and international treaties such as the Cape Town Convention. It's particularly relevant for commercial transactions, private aviation deals, and fleet acquisitions, requiring careful consideration of airworthiness certificates, maintenance records, and registration requirements under Irish jurisdiction.
Suggested Sections

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

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

3. Definitions: Definitions of key 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, deposit, and payment terms

6. Conditions Precedent: Conditions that must be satisfied before completion

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

8. Delivery and Acceptance: Terms regarding delivery location, timing, and acceptance procedures

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

10. Seller's Warranties: Warranties regarding aircraft condition, title, and regulatory compliance

11. Purchaser's Warranties: Warranties from purchaser regarding authority and regulatory compliance

12. Insurance: Insurance requirements during delivery and transfer

13. Defaults and Remedies: Events of default and available remedies

14. Governing Law and Jurisdiction: Irish law as governing law and jurisdiction provisions

15. Notices: Process for giving formal notices under the agreement

16. General Provisions: Standard boilerplate provisions including amendments, waivers, etc.

Optional Sections

1. Financing Arrangements: Required if third-party financing is involved in the purchase

2. Export/Import Requirements: Needed if aircraft is being exported/imported across jurisdictions

3. Training and Support: For new aircraft sales including manufacturer support

4. Maintenance History: Detailed section for used aircraft sales

5. Cape Town Convention Compliance: Required if the aircraft meets the requirements under the Convention

6. Tax Indemnity: Required for cross-border transactions or specific tax structures

7. Broker Provisions: Required if aircraft brokers are involved in the transaction

8. Escrow Arrangements: Required if using an escrow agent for the transaction

Suggested Schedules

1. Aircraft Specifications: Detailed technical specifications of the aircraft

2. Equipment List: List of all equipment, components, and spare parts included

3. Delivery Condition Requirements: Specific conditions the aircraft must meet at delivery

4. Required Documentation: List of all certificates, manuals, and records to be delivered

5. Pre-Delivery Inspection Protocol: Detailed procedures for pre-delivery inspection

6. Form of Acceptance Certificate: Template for the acceptance certificate at delivery

7. Payment Schedule: Detailed schedule of payments including deposits and installments

8. Warranty Terms: Detailed warranty terms and conditions

9. Required Insurances: Specific insurance requirements and minimum coverage

10. Form of Bill of Sale: Template for the bill of sale

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions
























































Clauses





































Relevant Industries

Aviation

Aerospace

Transportation

Manufacturing

Finance and Banking

Insurance

Legal Services

Commercial Aviation

Private Aviation

Defense

Relevant Teams

Legal

Finance

Procurement

Operations

Technical Operations

Risk Management

Compliance

Fleet Management

Engineering

Aviation Safety

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Head of Fleet Management

Aviation Lawyer

Compliance Officer

Technical Director

Procurement Manager

Risk Manager

Fleet Acquisition Manager

Aviation Finance Manager

Operations Director

Maintenance Director

Legal Counsel

Contract Manager

Aircraft Engineer

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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