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Used Equipment Sale Agreement
"Need a Used Equipment Sale Agreement for selling our manufacturing plant's 5-year-old CNC machine to a buyer in Malaysia, with specific warranties about its maintenance history and current condition, to be completed by March 2025."
1. Parties: Identification and details of seller and buyer
2. Background: Context of the sale and brief description of equipment
3. Definitions: Key terms used throughout the agreement
4. Equipment Description: Detailed specification of equipment being sold
5. Purchase Price and Payment: Price, payment terms, and method
6. Delivery and Transfer of Title: Delivery terms and passage of ownership
7. Condition of Equipment: Current state, wear and tear, known defects
8. Warranties and Representations: Seller's warranties regarding equipment condition and ownership
1. Inspection Period: Terms for buyer's inspection rights before finalizing sale
2. Training and Support: Terms for operational training or technical support for complex equipment
3. Export/Import Requirements: Compliance with international trade regulations for cross-border transactions
4. Installation: Terms for equipment installation services if included
1. Equipment Specification Schedule: Detailed technical specifications and photographs
2. Maintenance History: Records of previous maintenance and repairs
3. Inspection Report: Current condition assessment and any identified issues
4. Payment Schedule: Details of payment installments if applicable
5. Operating Manual: Equipment operation and maintenance instructions
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