Aircraft Co-Ownership Agreement Template

For ease of use, we provided 2 versions of the agreement – one for the boat or navy and the other for the planes. This agreement applies to any situation in which two or more persons share ownership and use of an aircraft for leisure or business activities. The occupancy agreement, in which only one owner uses the aircraft at the same time, has been concluded. However, there is nothing to prevent an owner from sharing time with another owner. We provided a sample of the boat co-agreement. The kit also contains an aircraft co-ownership agreement. Even if ownership of your aircraft is registered with an organization, the data will not be recorded the shares in which the aircraft is held. So if you own 60% and I own 40%, we have to mention it in another document. If we do not, “the law” will assume that we own the shares on which we contributed to the purchase price. It may or may not be the same. These Net Lawman agreements specifically cover equities. They also cover shares that may be held by someone who is not a registered owner. Such an interest is described as a useful interest.

However, running a business costs money, so between 2 and 10 owners, it is a matter of preference if you want the formality, costs and security of a corporate structure and a shareholder pact or the lower cost and comparative informality of an agreement like this. Ownership of an asset with a group of like-minded investors allows you to share financial and other responsibilities, including:- This document was written by a lawyer for Net Lawman. It complies with english law. First, consider the most appropriate structure for your approval proposal. If you are looking at a trade agreement or a deal for more than ten people, it would be better to keep the property in a limited company and buy and sell shares. Then the ownership of the property itself never changes. Once purchased, stamp duty is no longer paid, as the professional right can be treated as a licence. “I was very pleased with my recent experience with Net Lawman. I was able to obtain important legal documents necessary to support my small business. Net Lawman understood my needs and offered a fast and efficient service, without incurring the considerable costs of a traditional law firm. I would both recommend and use net lawman again” “Simple and met my needs.

The documents are accepted by counsel for the other parties, without me waiting for my own lawyers to act. Professional documents, easy to use saved my time and money” “We find this site an excellent source of legal documents that we need from time to time in our company. We strongly recommend that you use this site. The document defines the rights and obligations of shareholders and will offer a strong remedy in the event of a misunderstanding or a party will not comply with its obligations to other shareholders under a contract.

Fotos: Kathrin Leisch
Impressum | AGB