If the Buyer does not have the pre-purchase inspection performed within _____________
(_______) days after the execution of this Agreement, Buyer shall have waived his right
to such inspection.
Upon completion of the pre-purchase inspection and a failure of the inspection, in the
sole and exclusive discretion of Buyer, the Buyer shall have ___________ (_______)
days to notify Seller that Buyer will not purchase the Aircraft. If Buyer elects not to
purchase the Aircraft, the Buyer shall notify Seller of this decision. Upon receipt of the
notice of rejection, Seller shall immediately return all payments made by Buyer.
Upon completion of the pre-purchase inspection, Buyer shall present to the Seller any list
of discrepancies. The Seller shall have ___________________ (_______) business days
to review the discrepancies and to notify the Buyer of Seller's decision: (a) to pay to have
the discrepancies repaired at Seller's expense and to complete the sale; or (b) to decline to
pay the costs of repairs and to terminate the Agreement. If Seller declines to pay the cost
of repairs, Seller shall refund, or have refunded, the Buyer's deposit and shall reimburse
the Buyer for the cost of the pre-purchase inspection.
6. It is agreed that the Aircraft and its logbooks shall be delivered on
______________(date) at _______________________Airport.
Payment in full, is a condition of delivery. Title and risk of loss or damage to the Aircraft
shall pass to Buyer at the moment of delivery. The Aircraft will be delivered to Buyer in
its present condition, normal wear and tear excepted, with a valid FAA Certificate of
Seller warrants that: (a) the Aircraft is in airworthy condition; (b) the Aircraft has a
current annual inspection; (c) the Aircraft has a currently effective Standard air
worthiness certificate issued by the Federal Aviation Administration; (d) all of the
Aircraft's logbooks are accurate and current; (e) all applicable Airworthiness Directives
have been complied with; (f) __________________________.
7. If the Aircraft is destroyed, or in Seller's opinion damaged beyond repair, Seller shall
notify Buyer immediately and this Agreement shall be terminated and the Seller shall
return all payments to Buyer and Seller will be relieved of any obligation to replace or
repair the Aircraft. Seller will not be responsible or deemed to be in default for delays in
performance of the Agreement due to reasonable causes beyond Seller's control.
8. If, for any reason, the Buyer is unable to pay the price of the Aircraft, as specified in
this Agreement, the Seller shall return all documents to the Buyer except for the deposit
which shall be retained as liquidated damages.
9. The Buyer shall pay any sales or use tax imposed by any state or local government,
which results from the sale of the Aircraft.
10. All notices and requests required or authorized pursuant to this Agreement shall be
in writing by certified mail, return receipt requested.