co ownership agreement aircraft, boat,marine vessel,plane,jet,fractional ownership airplane, aeroplane, joint ownership aircraft,shared ownership,fractional aircraft ownership,fractional share,part ownership agreement legal contract template
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Co Ownership Agreement Aircraft / Boat / Marine Vessel

When to Use this Agreement

Use this agreeement when two or more parties wish to purchase a boat or aircraft as tenants in common.

The document defines the rights and responsibilities of the shareholders and will provide strong legal recourse in the event of a misunderstanding arising or any party fails to meet their obligations to the other shareholders while under contract.

The Contract includes the following provisions

  • Cost of Co-Ownership.
  • Meetings and Records.
  • Co-Ownership Policies.
  • Maintenance
  • Usage
  • Sale Or Withdrawal From Co-Ownership.
  • Arbitration.
  • Severability.
  • Waiver Of Contractual Right.
  • No Representations.
  • Interpretation.
  • Advice Of Legal Counsel.
  • Invalid Provisions.
  • Further Assurances.
  • Entire Agreement.
  • Applicable Law.

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View Sample Document

Co Ownership agreement Boat Aircaft Marine Vessel

 

      * This agreement includes a complimentary copy (A $97 VALUE!) of R. P. Emery & Associates newly revised 3rd Edition, "Agreement Preparation Tips, Hints & Secrets" publication. It will show you in simple terms how to thoroughly cover important legal requirements, and how to complete an agreement in detail. In addition, it contains alternative legal clauses and provisions you can use Click here to read more about the book.


 

 

 

  

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co ownership agreement aircraft, boat,marine vessel,plane,jet,fractional ownership airplane, aeroplane, joint ownership aircraft,shared ownership,fractional aircraft ownership,fractional share,part ownership agreement legal contract template