The Equipment Sales Contract serves as a fundamental document for business transactions involving the purchase and sale of equipment in the United States. This contract type is essential for protecting both parties' interests in equipment transactions, whether for industrial, commercial, or specialized use. Governed by the UCC and state-specific laws, it typically includes detailed equipment specifications, pricing structures, delivery terms, warranty provisions, and maintenance requirements. The contract becomes particularly crucial for high-value equipment purchases and when specific performance standards or post-sale services are required.
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1. Parties: Identification and details of seller and buyer
2. Background: Context of the sale and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Equipment Description: Detailed specifications of equipment being sold
5. Price and Payment Terms: Purchase price, payment schedule, and method
6. Delivery Terms: Delivery schedule, location, and responsibilities
7. Warranties: Standard and extended warranty terms
8. Title and Risk: Transfer of ownership and risk provisions
1. Installation: Terms for equipment installation if provided by the seller
2. Training: Terms for operator training when equipment requires specialized knowledge
3. Maintenance: Ongoing maintenance terms when maintenance services are included
4. Financing: Payment financing terms when seller provides financing options
1. Schedule 1 - Equipment Specifications: Detailed technical specifications and drawings
2. Schedule 2 - Warranty Terms: Detailed warranty conditions and procedures
3. Schedule 3 - Maintenance Schedule: Required maintenance procedures and intervals
4. Schedule 4 - Price List: Detailed pricing including any optional components
5. Schedule 5 - Service Level Agreement: Terms for ongoing support and maintenance
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