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Is it required to have an attorney for aviation transactions?

When selling airplane, should I hire an aviation attorney?

Answers (1)

It is highly recommended that legal representation is a powerful asset for individuals seeking to sell airplanes. Such a transaction is complex in nature and requires careful planning, meticulous legal drafting skills, and valuation. A seasoned aviation lawyer affiliated with the airline industry and familiar with the details involved in selling an aircraft can help clients avoid countless hours of haggling and possible legal complications. A competent aviation attorney will ensure that the sales contract contains the following:

Total cost, down payment and details of payment of the balance;
Detailed description of the airplane, includig its equipment;
The time, place and manner of its delivery;
The condition of the aircraft and known defects;
Escrow company for purposes of the down payment;
Buyer's recourse if the airplane does not conform to the description;
Seller's recourse upon payment default.

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Posted by Yara Zakharia on 28 Jan 2010

0people found this useful

(3 Votes)

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