Is it required to have an attorney for aviation transactions?

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.