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.
For hours and
hours of web video interviews on the world of ultralight
aviation subscribe to the Ultralight Flyer web video magazine -
Only $24.50 U.S. per year gives your access to web video on
ultralight aircraft, ultralight builders, ultralight
manufacturers, designer, accessories and much, much more!
Ultralight
News
PO Box 1710 Holland
Landing Ontario
L9N 1P2 647-723-8767
Airfield
1895 10th line east of Hwy 11 Bradford Ontario
Ultralight Aircraft News Web Magazine PO Box 1710 Holland Landing
Ontario Canada L9N 1P2 647-723-8767.
You may link to these pages or print
them out for your own personal use, but no part of this
publication may be copied or distributed, transmitted, transcribed,
stored in a retrieval system, or translated into any human or computer
language, in any form or by any means, electronic, mechanical,
manual, or otherwise, without the written permission of Dave
Loveman.
By copying or paraphrasing the intellectual
property on this site, you're automatically signing a binding contract
and agreeing to be billed $10,000 payable immediately. Copyright Ultralight News - Ultralight Flyer.
