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CM Advocates - Nigeria > Aircraft Lease Agreement

Aircraft Lease Agreement

This Aircraft Lease Agreement applies to used aircraft lease arrangements contemplated between one party (“Lessor”) and another party (“Lessee”).

It is a document that sets out the terms and conditions upon which the Lessor wishes to lease an aircraft to the Lessee.

This Agreement may be modified as necessary.

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Table of Contents

  1. INTERPRETATION AND CONSTRUCTION
  2. TERM OF LEASE
  3. PAYMENTS
  4. TAXATION
  5. DELIVERY
  6. ACCEPTANCE AND WARRANTY
  7. TITLE OF THE AIRCRAFT
  8. LESSEE’S PURCHASE OPTION
  9. RETURN OF THE AIRCRAFT AT THE END OF LEASE
  10. LESSOR’S RIGHT TO INSPECT
  11. LAWFUL USE
  12. AIRCRAFT LOCATION
  13. LOG BOOKS AND RECORDS
  14. ADDITIONAL EQUIPMENT AND MODIFICATION
  15. PILOT QUALIFICATIONS
  16. MAINTENANCE AND REPAIRS
  17. HOLD HARMLESS
  18. LIABILITY INSURANCE
  19. ASSIGNMENT, SUBLEASE AND ENCUMBRANCE
  20. DEFAULT AND BREACH
  21. REPOSSESSION
  22. DISCLAIMER AND WAIVER
  23. NOTICES
  24. APPLICABLE LAW AND DISPUTE RESOLUTION
  25. ARBITRATION
  26. ENTIRE AGREEMENT
  27. AMENDMENT
  28. BINDING EFFECT; ASSIGNMENT
  29. ATTORNEYS’ FEES
  30. REMEDIES NOT EXCLUSIVE
  31. THIRD-PARTY RIGHTS
  32. RELATIONSHIP OF THE PARTIES
  33. FORCE MAJEURE
  34. CONFIDENTIALITY
  35. TERMINATION

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