Airplane Purchase Agreement Template for Qatar

The Airplane Purchase Agreement is a crucial document used when purchasing new or used aircraft in Qatar. It serves as the primary contract between the seller and buyer, establishing their rights and obligations throughout the transaction process. This agreement must comply with Qatar's Civil Aviation Law, the Civil and Commercial Code, and relevant international treaties such as the Cape Town Convention. The document covers essential aspects including aircraft specifications, purchase price, payment terms, delivery conditions, warranties, and regulatory compliance requirements. It's particularly important in Qatar's growing aviation sector, where both commercial airlines and private operators frequently engage in aircraft acquisitions. The agreement typically includes comprehensive technical specifications, acceptance testing procedures, and warranty terms, while also addressing Qatar-specific requirements for aircraft registration and operation.

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

2. Background: Context of the transaction and brief description of the parties' intentions

3. Definitions: Detailed definitions of technical terms, legal concepts, and other important terms used throughout the agreement

4. Sale and Purchase: Core agreement to sell and purchase 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. Aircraft Specifications: General description of the aircraft, including make, model, and basic configuration

7. Delivery and Acceptance: Terms and conditions for aircraft delivery, acceptance testing, and transfer of title

8. Representations and Warranties: Seller's warranties regarding aircraft condition, title, and compliance with regulations

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

10. Conditions Precedent: Prerequisites that must be satisfied before closing

11. Registration and Regulatory Compliance: Requirements for aircraft registration and compliance with aviation regulations

12. Insurance: Insurance requirements during delivery and transition of ownership

13. Indemnification: Mutual indemnification provisions for various risks and liabilities

14. Default and Termination: Events of default and remedies, including termination rights

15. Governing Law and Jurisdiction: Choice of Qatar law and jurisdiction provisions

16. Miscellaneous: Standard boilerplate provisions including notices, amendments, and severability

17. Execution: Signature blocks and execution formalities