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The Airplane Purchase Agreement serves as the primary legal instrument for aircraft acquisitions under Swiss jurisdiction. This document is essential when purchasing new or used aircraft, whether for commercial airlines, private operators, or corporate fleet expansions. It meticulously addresses all aspects of the transaction, from technical specifications to regulatory compliance, while adhering to Swiss legal requirements and international aviation standards. The agreement typically includes detailed provisions for aircraft inspection, acceptance criteria, warranty terms, and risk allocation between parties. It's particularly important in Switzerland's context as a significant aviation hub, incorporating both domestic legal requirements (Swiss Code of Obligations, Swiss Federal Aviation Act) and international aviation conventions. The document is structured to protect both parties' interests while ensuring smooth transfer of aircraft ownership and compliance with aviation regulations.

1. Parties: Identification of seller and buyer, including full legal names, registration details, and addresses

2. Background: Context of the transaction, including brief description of the aircraft and purpose of the agreement

3. Definitions: Defined terms used throughout the agreement, including technical aviation terms and contract-specific definitions

4. Sale and Purchase: Core terms of the transaction, including aircraft description and purchase price

5. Purchase Price and Payment Terms: Detailed breakdown of price, payment schedule, deposit requirements, and payment methods

6. Conditions Precedent: Prerequisites that must be satisfied before completion of the sale

7. Pre-Delivery Inspection: Terms and procedures for aircraft inspection before delivery

8. Delivery and Acceptance: Details of delivery process, location, timing, and acceptance criteria

9. Title and Risk: Transfer of ownership and risk provisions

10. Representations and Warranties: Statements of fact and promises by both parties regarding the aircraft and transaction

11. Covenants: Ongoing obligations of the parties

12. Default and Termination: Circumstances constituting default and consequences thereof

13. Indemnification: Mutual indemnification provisions for various risks

14. Governing Law and Jurisdiction: Choice of Swiss law and jurisdiction details

15. Miscellaneous: Standard boilerplate provisions including notices, amendments, and severability