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Terms and Conditions

 

Terms & Conditions – Heron Jets

Welcome to Heron Jets.
By accessing or using our website and services, you agree to these Terms & Conditions. If you do not agree, please do not use our services.

1. Acceptance of Terms

By using this website, you confirm that you have read, understood, and accepted these Terms.
All transactions are subject to final written agreements between the parties involved.

2. Services

Heron Jets acts as a broker and intermediary in the sale, purchase, and leasing of aircraft, private jets, engines, and aviation-related assets.

We do not take ownership of any asset unless explicitly stated in a separate agreement. All deals are subject to availability, verification, and mutual agreement between buyer and seller.

3. Transaction Structure & Escrow Process

All transactions may be executed through a secure Escrow arrangement, unless otherwise agreed in writing.

Standard process may include:

LOI (Letter of Intent) or offer submission 

KYC/AML verification of buyer and seller (if required) 

Issuance of formal contract or purchase agreement 

Deposit of funds into an approved Escrow account 

Technical inspection / due diligence (if applicable) 

Final payment release upon successful closing and delivery 

Funds held in Escrow remain protected and are only released according to the agreed contractual terms between all parties.

4. Use of Website

You agree to use this website only for lawful business purposes.
Any attempt to misuse the platform, including hacking, fraud, spam, or unauthorized access, is strictly prohibited.

5. Intellectual Property

All content on this website, including branding, logos, text, and materials, is the property of Heron Jets or its partners.
No part of the website may be copied or reused without written permission.

6. Confidentiality

All client information, deal structures, and transaction details are treated as strictly confidential.
We do not disclose any information unless required for transaction execution or legal compliance.

7. Limitation of Liability

Heron Jets acts solely as an intermediary.
We are not liable for any indirect, consequential, or financial losses arising from use of our website or participation in any transaction.

All parties are responsible for their own due diligence before entering any agreement.

8. Third-Party Services (Including Escrow & Banks)

We may work with third-party escrow agents, banks, legal advisors, and verification providers.
Heron Jets is not responsible for the actions, delays, or policies of these third parties.

However, we only cooperate with recognized and reputable escrow or financial institutions whenever possible.

9. Governing Law

These Terms are governed by the laws of the Province of Ontario, Canada.

Any disputes will be handled under applicable legal jurisdiction in Ontario.

10. Changes to Terms

We reserve the right to update or modify these Terms at any time.
The latest version will always be published on our website.

11. Contact Us

For any questions regarding these Terms, please contact:
📧 sales@heronjets.com

Special edition for LOI / SPA / NCNDA Complete structure of

1. LOI (Letter of Intent) Heron Jets Standard Format Letter of Intent (LOI)

3. NCNDA (Non-Circumvention & Non-Disclosure Agreement) NCNDA Non-Circumvention & Confidentiality Agreement

2. SPA (Sale & Purchase Agreement) Standard Aviation Structure Sale and Purchase Agreement (SPA)

  


This Letter of Intent (“LOI”) outlines the preliminary interest of the Buyer to proceed with the potential acquisition of aircraft / engines / aviation assets through Heron Jets as an intermediary broker.

1. Purpose

This LOI confirms the Buyer’s serious interest in entering negotiations for the purchase of the identified asset under mutually agreed terms.

2. Non-Binding Nature

This LOI is non-binding and serves only as an expression of intent, except for confidentiality and exclusivity clauses (if agreed).

3. Transaction Structure

The intended transaction will follow standard aviation procedures, which may include:

  • Submission of LOI 
  • KYC / AML verification (if required) 
  • Execution of SPA or Purchase Agreement 
  • Escrow-based payment structure 
  • Technical inspection / records verification 
  • Closing and delivery 

4. Deposit (Good Faith / Commitment Deposit)

A refundable or non-refundable deposit may be required depending on deal structure.
All funds, if applicable, will be held in a secure Escrow account until completion.

5. Conditions

Final transaction is subject to:

  • Aircraft/asset inspection 
  • Title and ownership verification 
  • Contractual agreement between parties 
  • Escrow approval and funding confirmation 

6. Governing Terms

This LOI is governed under standard international aviation brokerage practices and applicable laws of Ontario, Canada, unless otherwise agreed.

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2. SPA (Sale & Purchase Agreement) Standard Aviation Structure Sale and Purchase Agreement (SPA)

3. NCNDA (Non-Circumvention & Non-Disclosure Agreement) NCNDA Non-Circumvention & Confidentiality Agreement

2. SPA (Sale & Purchase Agreement) Standard Aviation Structure Sale and Purchase Agreement (SPA)

 


This Agreement is made between Buyer and Seller, facilitated by Heron Jets as an intermediary broker.

1. Subject of Agreement

This SPA defines the final terms for the sale and purchase of the specified aircraft, engine, or aviation asset.

2. Purchase Price & Payment Terms

  • Agreed purchase price will be stated in the final contract 
  • Payment shall be executed through a secure Escrow account 
  • Funds will be released only upon successful fulfillment of all contractual conditions 

3. Escrow Structure

All payments will be processed via an independent Escrow agent.
Escrow will release funds only upon:

  • Completion of inspection 
  • Confirmation of delivery 
  • Transfer of title and ownership 
  • Compliance with agreed conditions 

4. Inspection & Due Diligence

Buyer is entitled to:

  • Technical inspection (PPI if applicable) 
  • Records verification (logbooks, maintenance history) 
  • Title verification and ownership check 

5. Delivery Terms

Delivery shall be agreed as:

  • As-Is, Where-Is or Ferry Flight Delivery (if applicable) 
  • Handover location and timing defined in final agreement 

6. Broker Role

Heron Jets acts strictly as an intermediary facilitator and does not take ownership of the asset.

7. Default & Termination

Failure to comply with agreed terms may result in:

  • Forfeiture of deposit (if applicable) 
  • Termination of agreement 
  • Legal remedies as per jurisdiction 

8. Governing Law

This Agreement is governed by the laws of Ontario, Canada.

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3. NCNDA (Non-Circumvention & Non-Disclosure Agreement) NCNDA Non-Circumvention & Confidentiality Agreement

3. NCNDA (Non-Circumvention & Non-Disclosure Agreement) NCNDA Non-Circumvention & Confidentiality Agreement

3. NCNDA (Non-Circumvention & Non-Disclosure Agreement) NCNDA Non-Circumvention & Confidentiality Agreement



This Agreement is entered into between all participating parties introduced through Heron Jets.

1. Confidentiality

All parties agree to keep all transaction details strictly confidential, including:

  • Buyer/Seller identity 
  • Pricing and deal structure 
  • Aircraft/engine specifications 
  • Communication and documentation 

2. Non-Circumvention

All parties agree not to bypass, avoid, or directly contact each other without written consent of Heron Jets.

This includes:

  • Direct negotiation without broker involvement 
  • Attempting to remove intermediary from the transaction 
  • Reintroduction of same asset outside agreed structure 

3. Commission Protection

Heron Jets and its affiliated partners are protected for agreed commissions on all successful transactions introduced or facilitated by them.

Commission structure will be defined separately per deal.

4. Validity Period

This NCNDA remains valid for:

  • The duration of the transaction 
  • Plus 3–5 years after introduction (standard aviation brokerage practice) 

5. Escrow Protection

Where applicable, commission and transaction funds may be protected through escrow arrangements or direct settlement upon closing.

6. Governing Law

This agreement is governed by the laws of Ontario, Canada and applicable international commercial brokerage standards.

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 © Heron Jets, A Division of Heron Solutions Trading Inc. 

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