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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 aircraft being sold
3. Definitions: Definitions of technical terms, industry terminology, and legal concepts used in the agreement
4. Sale and Purchase: Core agreement to sell and purchase the aircraft, including identification of the aircraft
5. Purchase Price and Payment Terms: Details of the purchase price, deposit requirements, and payment schedule
6. Conditions Precedent: Conditions that must be satisfied before completion of the sale
7. Pre-Delivery Inspection: Rights and procedures for aircraft inspection before delivery
8. Delivery and Acceptance: Requirements and procedures for aircraft delivery and acceptance
9. Title and Risk: Transfer of title and risk provisions
10. Representations and Warranties: Seller's warranties about the aircraft and buyer's representations
11. Covenants: Ongoing obligations of both parties
12. Indemnification: Mutual indemnification provisions
13. Insurance: Insurance requirements during delivery and transfer
14. Default and Termination: Events of default and termination rights
15. Governing Law and Jurisdiction: Choice of Hong Kong law and jurisdiction provisions
16. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Financing Arrangements: Required if the purchase involves third-party financing or security arrangements
2. Lease Termination: Needed if the aircraft is currently under lease that needs to be terminated
3. Export/Import Requirements: Required for international transactions involving customs clearance
4. Tax Provisions: Detailed tax provisions if complex tax implications exist
5. Maintenance and Repairs: Additional provisions if specific maintenance work is required before delivery
6. Training and Support: Required if seller is providing post-sale training or support
7. Escrow Arrangements: Needed if using an escrow agent for the transaction
8. Registration Requirements: Detailed provisions if special registration requirements apply
1. Aircraft Description: Detailed technical description of the aircraft, engines, and components
2. Aircraft Documents: List of all technical and maintenance records to be delivered
3. Delivery Condition Requirements: Specific requirements for aircraft condition at delivery
4. Form of Acceptance Certificate: Template for the delivery and acceptance certificate
5. Form of Bill of Sale: Template for the bill of sale
6. Required Regulatory Approvals: List of necessary regulatory approvals and certificates
7. Pre-Delivery Inspection Protocol: Detailed procedures for pre-delivery inspection
8. Payment Schedule: Detailed breakdown of payment installments and timing
9. Warranty Terms: Detailed warranty terms and conditions
10. Insurance Requirements: Specific insurance requirements and coverage details
Acceptance Flight
Affiliate
Aircraft
Aircraft Documents
Airframe
Airworthiness Certificate
Airworthiness Directive
APU
Aviation Authority
Bill of Sale
Business Day
CAD
Closing
Closing Date
Completion
Conditions Precedent
Delivery
Delivery Date
Delivery Location
Deposit
Engine
Engine Manufacturer
Event of Default
Export Certificate of Airworthiness
FAA
Final Inspection
Financial Indebtedness
Force Majeure Event
Governmental Authority
Hong Kong
IDERA
Insurance Policies
Landing Gear
Lien
Maintenance Program
Manufacturer
Material Adverse Effect
OEM
Parts
Patent Defect
Pre-Delivery Inspection
Purchase Price
Qualified Maintenance Facility
Registration
Regulatory Requirements
Security Interest
Seller Warranties
Service Bulletins
Taxes
Technical Acceptance
Technical Records
Title Transfer
Transaction Documents
Transfer Documents
Payment
Conditions Precedent
Title Transfer
Risk of Loss
Delivery and Acceptance
Pre-Delivery Inspection
Representations and Warranties
Technical Acceptance
Registration and Deregistration
Insurance
Regulatory Compliance
Export and Import
Taxes
Maintenance and Repair
Documentation Requirements
Default
Termination
Force Majeure
Indemnification
Confidentiality
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Amendments
Severability
Third Party Rights
Time of Essence
Further Assurance
Counterparts
Costs and Expenses
Waiver
Service of Process
Aviation
Aerospace
Commercial Aviation
Private Aviation
Aircraft Leasing
Aircraft Manufacturing
Financial Services
Insurance
Transportation
Logistics
Legal
Aviation Operations
Finance
Technical Operations
Compliance
Risk Management
Procurement
Commercial
Engineering
Insurance
Regulatory Affairs
Contract Management
Chief Legal Officer
Aviation Lawyer
Fleet Manager
Chief Financial Officer
Technical Director
Compliance Officer
Aviation Finance Manager
Aircraft Operations Manager
Risk Manager
Procurement Director
Commercial Director
Aircraft Engineer
Insurance Manager
Regulatory Affairs Director
Contract Manager
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