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Western Aviation Exclusive Mandate Agreement

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WESTERN AVIATION EXCLUSIVE MANDATE AGREEMENT

This Agreement is made effective as of _______________________ and between


Western Aviation Inc., of 6701 HWY BLVD., Suite 105, Katy, TX 77494, and
___________________(CLIENT/buyer) located at _____________________________.

In this Agreement, the party who is contracting to receive services shall be referred to as
"Buyer", and the party who will be providing the services shall be referred to as "WAI".

WAI has a background in buying and selling commercial aircraft and is willing to provide
services to the Buyer based on this background.

Buyer desires to have services provided by WAI which include the purchase of any and
all aircraft for the CLIENT (as described below section #1).

Therefore, the parties agree as follows:

1. DESCRIPTION OF SERVICES. Beginning on _____________________ and


continuing for a period of 12 consecutive months, WAI will provide the following
services (collectively, the "Services"): locate aircraft for sale or lease, supervise
inspections and manage all aircraft modifications including paint and interior work. Not
all of this management and supervision will require travel, but when necessary this will
be pre-approved by buyer.

2. COMMISSION PAYMENTS. Buyer will make commission payments to WAI based


on 5% of gross sales price or aircraft dry lease monthly rate. No commission is due from
Seller. For the purposes of this Agreement, gross sales price or aircraft dry lease monthly
rate. Means the gross one time payment or gross monthly dry lease payment paid by or to
Western for an aircraft that Stratus provided services. This includes acquisition of whole,
shared or fractional ownership interest in a corporate aircraft including turbo prop or jet
aircraft.

a. Payment Schedule. The commission payments shall be payable monthly, no later


than the fifth day of the following month or out of escrow upon closing of each
aircraft.

3. EXPENSE REIMBURSEMENT. WAI shall be entitled to reimbursement from the


Buyer for the following "out-of-pocket" expenses: travel expenses approved by the
Buyer.
a. Payment Schedule. The expense payments shall be payable monthly, no later than
the fifth day of the following.

4. TERM/TERMINATION. This Agreement may be terminated by either party upon


60 days written notice to the other party. If buyer purchases or leases an aircraft by WAI
within 6 months (180 days) of the termination of this agreement, WAI will be paid the
commission by the buyer based on listed asking price.
5. EMPLOYEES. WAI's employees, if any, who perform services for the buyer under
this Agreement shall also be bound by the provisions of this Agreement.

6. ASSIGNMENT. WAI's obligations under this Agreement may not be assigned or


transferred to any other person, firm, or corporation without the prior written consent of
the Buyer.

7. ENTIRE AGREEMENT. This Agreement contains the entire agreement of the


parties and there are no other promises or conditions in any other agreement whether oral
or written. This Agreement supersedes any prior written or oral agreements between the
parties.

8. AMENDMENT. This Agreement may be modified or amended if the amendment is


made in writing and is signed by both parties.

9. SEVERABILITY. If any provision of this Agreement shall be held to be invalid or


unenforceable for any reason, the remaining provisions shall continue to be valid and
enforceable. If a court finds that any provision of this Agreement is invalid or
unenforceable, but that by limiting such provision it would become valid and enforceable,
then such provision shall be deemed to be written, construed, and enforced as so limited.

10. WAIVER OF CONTRACTUAL RIGHT. The failure of either party to enforce


any provision of this Agreement shall not be construed as a waiver or limitation of that
party's right to subsequently enforce and compel strict compliance with every provision
of this Agreement.

11. APPLICABLE LAW. This Agreement is subject to and will be interpreted in


accordance with the laws of the United States of America, Harris County, Houston, TX.

Party receiving services: __________________

By: ___________________________________Date:__________
_______________________

Party providing services: Western Aviation Inc.

By: ___________________________________Date:_________
David Fisher President

· Specializing in Business Aircraft ·

Phone (281)391-2510 or (800)913-JETS Fax (281)391-2531


6701 Highway Blvd., Suite 105, Katy, TX 77494
mandateagreement.doc www.westernaviation.com sales@westernaviation.com

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