Aircraft Joint Ownership Agreement Template for England and Wales

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Key Requirements PROMPT example:

Aircraft Joint Ownership Agreement

"Need an Aircraft Joint Ownership Agreement for three companies sharing a Cessna Citation business jet, with equal ownership shares and priority scheduling for our CEO during weekdays, to be effective from March 2025."

Document background
The Aircraft Joint Ownership Agreement is essential when two or more parties wish to share the ownership and associated costs of an aircraft in England and Wales. This comprehensive agreement defines each owner's rights, responsibilities, and financial obligations while ensuring compliance with aviation regulations. It addresses critical aspects such as maintenance schedules, insurance requirements, usage allocation, and dispute resolution procedures. The agreement is particularly important for managing complex shared ownership arrangements and protecting all parties' interests while maintaining operational efficiency.
Suggested Sections

1. Parties: Identification of all joint owners and their contact details

2. Background: Context of the agreement and brief description of the aircraft

3. Definitions: Key terms used throughout the agreement

4. Ownership Structure: Details of ownership shares and title registration

5. Operating Costs and Expenses: Cost sharing arrangements and payment terms

6. Use and Scheduling: Rules for aircraft usage and booking system

7. Maintenance and Repairs: Responsibilities for maintaining airworthiness

8. Insurance: Required coverage and cost sharing

9. Management and Decision Making: Procedures for joint decisions and management

10. Term and Termination: Duration and termination provisions

Optional Sections

1. Hangar and Storage: Storage arrangements and costs for the aircraft when not in use

2. Pilot Requirements: Specific pilot qualification requirements and minimum standards for aircraft operation

3. Revenue Sharing: Arrangements for sharing any charter revenue if aircraft is used commercially

4. First Right of Refusal: Rights and procedures regarding sale of ownership shares to existing co-owners

Suggested Schedules

1. Schedule 1 - Aircraft Specification: Detailed description of aircraft including registration number, make, model, and equipment

2. Schedule 2 - Operating Procedures: Detailed procedures for scheduling and operating the aircraft

3. Schedule 3 - Maintenance Schedule: Detailed maintenance requirements and schedule

4. Schedule 4 - Cost Allocation: Detailed breakdown of cost sharing arrangements

5. Schedule 5 - Insurance Certificates: Copies of insurance documentation

6. Schedule 6 - Owner Information: Detailed contact information and ownership shares

Authors

Alex Denne

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

Relevant legal definitions
Clauses
Industries

Civil Aviation Act 1982: Primary legislation governing civil aviation in the UK, establishing regulatory framework and authorities

Air Navigation Order 2016: Detailed regulations covering aircraft operations, safety requirements, and licensing in UK airspace

Transport Act 2000: Legislation affecting air transport services and air traffic management in the UK

UK CAA Requirements: Civil Aviation Authority regulations governing aircraft registration and operational standards

Aircraft Registration Regulations: Specific rules governing how aircraft must be registered in the UK

Nationality and Registration of Aircraft Regulations: Rules determining eligibility for UK aircraft registration and ownership requirements

EASA Regulations (retained): European aviation safety regulations retained in UK law post-Brexit, covering technical and safety standards

Air Navigation (General) Regulations 2006: General provisions for air navigation and aircraft operation in UK airspace

Rules of the Air Regulations 2015: Specific rules governing aircraft operation and flight procedures in UK airspace

Law of Property Act 1925: Fundamental property law affecting ownership rights and transfers in England and Wales

English Common Law Contract Principles: Body of case law establishing basic contract principles including formation, terms, and remedies

Unfair Contract Terms Act 1977: Legislation controlling unfair terms in contracts and limiting liability exclusions

Consumer Rights Act 2015: Protection for consumers in contracts, may apply if any owner is acting as consumer

Finance Act Provisions: Tax legislation affecting aircraft ownership and operations

VAT Regulations: Value Added Tax rules applicable to aircraft purchase, ownership, and operation

Customs and Excise Management Act 1979: Regulations governing import/export and customs duties related to aircraft

EC Regulation 785/2004 (retained): Insurance requirements for aircraft operators retained in UK law, specifying minimum coverage

Third Parties (Rights against Insurers) Act 2010: Legislation governing rights of third parties in insurance claims

Environmental Protection Act 1990: Environmental regulations affecting aircraft operations and emissions

Civil Aviation (Air Navigation) Regulations: Regulations concerning environmental impact, including noise and emissions standards

Cape Town Convention Regulations 2015: UK implementation of international treaty regarding security interests in aircraft equipment

Cape Town Convention: International treaty establishing standards for registration of security interests in aircraft

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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