Aircraft Flying is an activity t

Aircraft Flying is an activity that is potentially dangerous and can result in serious injury or death.

EACH PILOT OR PARTICIPANT,
REGARDLESS OF EXPERIENCE,
ASSUMES TOTAL RESPONSIBILITY FOR
HIS OR HER OWN ACTIONS AND SAFETY.

Purchase Agreement and Liability Release

Buyer

__________________________________________

proposes to purchase an aircraft described as a

_______________________________________________

presently owned by

Seller

_________________________________________

For further identification, the property is described as

Make	_______________________
Model	_______________________
Serial number	_______________________
Registration	_______________________
Engine make	_______________________
Engine model	_______________________
Engine horse power	_______________________
Engine serial number	_______________________

Other distinctive markings are:

The colours of the wings	_______________________
The colour of the tail surfaces are	_______________________
The body colour is	_______________________

Noted equipment includes:

_______________________
_______________________
_______________________
_______________________
_______________________
_______________________

Buyer shall pay a total price of $ ___________ (which excludes taxes where applicable), which consists of a deposit in the amount of $ __________ , with the balance of $ ___________ due at close of sale.

This deposit shall be retained by the Seller, as liquidated damages, in the event that the Buyer fails to complete the purchase, but will be refunded in full should the seller fail to complete the terms of this agreement.

At the time of the Seller accepting the deposit. Seller will not use the aircraft for any reason except for delivery to the Buyer as agreed, in which event the Buyer assumes all risks associated with the delivery, including all risks associated with flight and other operations of the aircraft.

Buyer agrees to insure the aircraft and to add the Seller as an additional insured with respect to any delivery of the aircraft.

This is a binding contract, and is scheduled to be completed on

________________________ .

The Seller agrees that there is no lien holder, or that there is a lien in the amount of $ _________ , owed to and due as follows:

Terms of release
The Buyer will pay the lien holder and obtain his or her release, and will pay the owner by separate instrument. Buyer will make all payments, including the deposit, satisfaction of lien and final payment either in cash or by either cashier's or certified check. At the close of sale, all rights, title and interest will be released to the Buyer, as well as full responsibility for the use, operation and storage of the aircraft. Buyer acknowledges that hidden defects may exist in any aircraft, and that an independent inspection by a qualified person is the right and responsibility of the Buyer or his agent. This offer shall be binding upon my heirs and assigns, and there is no warranty, written or implied. There will be no further parts, plans or information expected of the Seller after the close of sale. Buyer expressly acknowledges that there has been no reliance on any representation by Seller as to the condition of the aircraft, or its suitability for any particular purpose, including flight.

Buyer Signs _______________________	Date ___________________
Seller Signs _______________________	Date ___________________
Buyer's Witness ________________________	Date ___________________
Seller's Witness ________________________	Date ___________________

ON COMPLETION OF SALE: All of the terms of this contract have been met.

Buyer Signs _______________________	Seller Signs _______________________

Witness and/or Notary _______________________________