Establish Terms  Early in the Process

William G. Harger & Associates, PLLC drafts or reviews aircraft purchase agreements, negotiates contract terms on behalf of buyers or sellers. You need a contract that clearly defines the purchase price, deposit terms, escrow procedures, inspection protocols and contingencies, delivery location, and what happens if the aircraft fails pre-purchase inspection or title search reveal unanticipated issues. We can also assist with identifying an appropriate facility to do a pre-purchase inspection if requested.

The firm prepares agreements that protect your position during the transaction, and reduce the likelihood of disputes. Whether you are purchasing your first aircraft or selling one you have owned for years, the contract sets the framework for the entire transaction and determines who bears risk at each stage.

If you are purchasing an aircraft or preparing to sell one and want a contract that accurately reflects the terms and conditions that protect your interests, contact the firm to begin drafting or reviewing the agreement.

When you work with the firm, the attorney reviews the aircraft logbooks, FAA registration history, and any outstanding airworthiness directives to identify issues that should be addressed in the contract. The agreement includes provisions for deposit handling, inspection periods, airworthiness representations, and remedies if the seller cannot deliver clear title or if the aircraft does not match the agreed condition.

After the contract is signed, you will have a clear timeline for completing the inspection, finalizing financing, and closing the sale. The agreement specifies what documents must be delivered, what condition the aircraft must be in, and how disputes over discrepancies will be resolved. You gain certainty about your obligations and the other party's commitments before money or ownership changes hands.



The firm also negotiates terms when the initial offer or counteroffer leaves material issues unresolved, such as who pays for required maintenance before delivery, how missing logbook entries are handled, or whether the sale includes avionics, tools, or spare parts. The contract does not replace the bill of sale or FAA registration documents, but it governs the relationship between buyer and seller through closing.

These questions come up during contract negotiation and help ensure the agreement reflects the true intent of both parties and addresses common risk areas.

What happens if the pre-purchase inspection reveals undisclosed damage?

The contract should allow the buyer to renegotiate the price, require the seller to complete repairs, or withdraw from the transaction and recover the deposit if the damage exceeds agreed limits.

How are deposits handled during the inspection period?

Deposits are typically held in escrow by an aircraft title company and released to the seller only after all contingencies are satisfied and closing documents are executed.

When should airworthiness directives be addressed?

The contract should require the seller to comply with all applicable ADs or the price should reflect their open status.

What records must be delivered with the aircraft ?

The seller must provide all airframe, engine, and propeller logbooks, weight and balance documentation, the current airworthiness certificate, and copies of all FAA Form 337s for major alterations, which are required for continued legal operation.

If you are buying or selling an aircraft and need a purchase agreement that protects your interests and complies with federal requirements, reach out to William G. Harger & Associates, PLLC to discuss the transaction and begin drafting or revising the contract.