Aircraft Purchase Agreement [Date]
[Name, address of purchaser], herein referred to as purchaser, offers to purchase the [name of plane, registration number, serial number] from [name, address of owner], herein referred to as seller, for the purchase price of [amount]. This offer is subject to the following terms and conditions.
1. The aircraft will be sold free and clear of all liens and encumbrances; furthermore, the aircraft will be sold as having no major damage history.
2. Upon acceptance of this offer, a [amount] deposit shall be made by the purchaser.
3. The plane is sold ready to fly as a [type of plane; for instance, experimental (homebuilt) that meets the criteria for Light Sport Aircraft] is registered, has an airworthiness certificate, and current condition inspection. The plane shall meet these requirements by [date].
4. The deposit is a non-refundable deposit unless the seller does not abide by all terms and conditions stated in this contract.
5. Closing shall take place within seven days of a demonstration flight by the seller and completion of all items listed in paragraph three.
8. This offer, when accepted, represents a binding contract between the parties and shall be governed by [name of state] Law.
8. All documentation, logbooks, and paperwork associated with the aircraft will be the property of the purchaser after closing is accomplished, and shall be made available for inspection before closing.
Agreed and Accepted
[name and signature of seller, date]
Agreed and accepted
[name and signature of buyer, date]
