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TIME BUILDING AGREEMENT Time Building Agreement: Any and all aircraft owned, leased or otherwise operated and offered for rental by ANGEL AVIATION, INC. I. Flight Operations a) Touch & goes, pattern
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How to fill out time building agreement

01
Start by including a heading at the top of the agreement stating that it is a time building agreement.
02
Identify the parties involved in the agreement by including their full legal names, addresses, and contact information.
03
Clearly state the purpose of the time building agreement, which is to allow one party (the builder) to build flight hours on a particular aircraft owned by the other party (the owner).
04
Specify the duration of the agreement, including the start date and end date for the time building period.
05
Outline the terms and conditions related to the use of the aircraft, such as restrictions on destinations, maintenance responsibilities, and insurance requirements.
06
Include provisions for scheduling the use of the aircraft, including any limitations on the number of hours that can be flown per day or per week.
07
Specify the payment or compensation arrangements, including any fees or costs associated with the time building agreement.
08
Define the responsibilities of both parties regarding the maintenance and care of the aircraft during the time building period.
09
Include clauses related to the termination or cancellation of the agreement, as well as any dispute resolution procedures.
10
Finally, have both parties sign and date the agreement, and retain copies for their records.

Who needs time building agreement?

01
Time building agreements are commonly used by aspiring pilots who need to accumulate a certain number of flight hours to meet the requirements for obtaining advanced pilot certifications or ratings.
02
Airlines or flight schools may also enter into time building agreements with pilots to provide them with the necessary flight hours to qualify for specific job positions or promotions.
03
Aircraft owners who have spare flight hours available on their aircraft may also opt for a time building agreement to generate additional revenue by allowing other pilots to use their aircraft for training purposes or personal use.
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Time building agreement is a contractual arrangement where a pilot pays for a certain amount of hours of flight time in order to gain experience and build flight hours.
Pilots who participate in time building agreements are required to file the agreement with the appropriate aviation authority.
Time building agreements are typically filled out by detailing the number of flight hours purchased, the cost of the agreement, and any terms and conditions agreed upon by both parties.
The purpose of a time building agreement is to allow pilots to gain experience and build flight hours in a cost-effective manner.
Time building agreements must include details such as the names of the parties involved, the number of flight hours purchased, the cost of the agreement, and the terms and conditions agreed upon.
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