The Aircraft Sale Agreement is a critical legal document used for transferring ownership of aircraft in the United Arab Emirates. It is essential for any aircraft transaction within the UAE jurisdiction, whether for commercial airlines, private operators, or government entities. The agreement must comply with UAE Civil Aviation Law, UAE Civil Code, and GCAA regulations, while also considering international aviation standards and the Cape Town Convention requirements where applicable. This document typically includes detailed specifications of the aircraft, comprehensive warranties, delivery conditions, payment terms, and necessary regulatory approvals. It's particularly important in the UAE aviation market, which serves as a major global aviation hub with significant aircraft transactions occurring regularly. The agreement must be structured to protect both parties' interests while ensuring smooth transfer of title and registration under UAE law.
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1. Parties: Identification of seller and buyer with full legal names and addresses
2. Background: Context of the transaction, including aircraft identification and purpose of the agreement
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Sale and Purchase: Core transaction terms including purchase price and payment method
5. Conditions Precedent: Prerequisites that must be satisfied before completion
6. Pre-Delivery Inspection: Terms for aircraft inspection and acceptance procedures
7. Delivery and Transfer of Title: Process and requirements for aircraft delivery and title transfer
8. Purchase Price and Payment: Detailed payment terms, including deposits and final payment
9. Representations and Warranties: Seller's and buyer's representations regarding authority, aircraft condition, and title
10. Covenants: Ongoing obligations of both parties
11. Indemnification: Terms for mutual indemnification and liability allocation
12. Insurance: Requirements for insurance coverage during delivery and transfer
13. Default and Termination: Consequences of default and termination rights
14. Notices: Communication procedures between parties
15. Governing Law and Jurisdiction: UAE law provisions and jurisdiction specifications
16. General Provisions: Standard boilerplate clauses including amendments, waivers, and severability
1. Broker Provisions: Include when a broker is involved in the transaction
2. Financing Provisions: Include when buyer is obtaining financing for the purchase
3. Export/Import Provisions: Include for international transactions requiring specific customs procedures
4. Training and Support: Include when seller is providing post-sale training or support
5. Escrow Arrangements: Include when using an escrow agent for the transaction
6. Tax Provisions: Include detailed tax provisions when complex tax implications exist
7. Security Interest: Include when seller retains security interest pending full payment
8. Cape Town Convention Compliance: Include specific provisions when transaction involves international interests under the Cape Town Convention
1. Aircraft Specifications: Detailed technical description of the aircraft, including registration, 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 Documents: List of all documentation to be provided at closing
5. Form of Acceptance Certificate: Template for the aircraft acceptance certificate
6. Form of Bill of Sale: Template for the aircraft bill of sale
7. Warranty Assignment: Assignment of manufacturer's warranties if applicable
8. Maintenance Records: List of maintenance records to be transferred
9. Deregistration Power of Attorney: Template for power of attorney for aircraft deregistration
10. Payment Schedule: Detailed schedule of payments including deposits and installments if applicable
Relevant legal definitions
Clauses
Relevant Industries
Aviation
Aerospace
Transportation
Financial Services
Insurance
Legal Services
Manufacturing
Commercial Aviation
Private Aviation
Defense
Relevant Teams
Legal
Finance
Operations
Procurement
Compliance
Risk Management
Technical Operations
Commercial
Business Development
Asset Management
Flight Operations
Aviation Security
Relevant Roles
Chief Legal Officer
Aviation Lawyer
Contract Manager
Fleet Manager
Chief Financial Officer
Aircraft Transaction Specialist
Commercial Director
Risk Manager
Compliance Officer
Technical Director
Operations Director
Procurement Manager
Legal Counsel
Aviation Finance Manager
Business Development Director
Asset Manager
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