Who can use this Glider Ownership Agreement?
This legal contract Agreement is for use by the joint owners of a glider or sailplane, who are already the owners or who intend to purchase one together to form a new syndicate.
This agreement is for a situation when the glider is used for leisure, rather than commercial purposes.
What detailed terms does the contract contain?
This eight page contract contains 16 clauses covering
- terms of ownership of the glider
- terms of ownership of the equipment
- operational regulations
- syndicate monies
- formal meeting
- pre-emption right
- the option to purchase shares
- owners’ liability and insurance
- owners’ obligations
- determination of the purchase price of a share in the glider and equipment
- arbitration and law
- change of ownership or address
Schedules are included, allowing parties to set out details of ownership, equipment, regulation and events triggering option.
For more information on each of these sections, see our Explanatory Notes which you will receive when you buy and download the document from our website. And if you want to use the Notes, let us know by using our contact form
If you have any questions about a contract and/or want to see the Explanatory Notes before you buy, please let us know by using our contact form
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