Aviation Industry

Aviation related contracts are complex and most often are multi sourced which necessitate elaborate reviews that prolong the process of contracting. McKinsey pointed out many of these delays add to bureaucratic complexity and push back project schedules.

Another common and potentially problematic type of clauses is the warranties and maintenance ones being used with high frequency in aircraft leasing contracts. This could lead to many unexpected costs and different liabilities and inefficient work of the organization.

Today, leasing and purchase of aircraft require thorough due diligence. According to PwC, weak assessments can put aviation companies at risks which can influence assets and contracts management and execution.

The Risk Report creates awareness and allows aviation legal teams to search for compliance issues and fix them on time. Legalbook also eliminates regulatory risk and possible penalties, by maintaining compliance to standards on safety and operations internationally.

Legalbook makes it easy to follow warranty and maintenance clauses thus eliminating forgotten obligations and enhancing legal liability. This serves to maintain operational tractability and to meet contract specifications.