Almost every business is asked to enter into agreements and contracts at some point in their business cycle. Whether you rent an office, lease equipment, purchase an asset, or engage in services with vendors, legal contracts are almost always involved. Retaining good legal counsel through an attorney is always the best practice, but it is helpful to understand the elements of a legal contract. Learn more about some basic elements of legal contracts in this episode of the Aviation Business Podcast.
Episode 39: Elements of a Legal Contract
About the Author: Tim
Tim Bonnell Jr. is the Founder and President of Aeris Insurance Solutions. He is the author of the book Aircraft Insurance Fundamentals: A Concise Guide For Aircraft Owners and Operators. He’s a third-generation pilot and a second generation aviation insurance broker. Tim was raised in the aviation insurance industry and had the opportunity to learn it from the ground up. His formal education was completed at Kansas State University.
Tim is a private and instrument-rated pilot. He holds the Certified Insurance Counselor and Certified Aviation Insurance Professional professional designations. In 2014, he was installed into the inaugural class of the Aviation Insurance Association’s Eagle Society. Tim has served on the boards of directors for the Aviation Insurance Association, Kansas Agricultural Aviation Association, National Agricultural Aviation Association, and the Wichita Aero Club in addition to other community organizations.