Equipment Sale Agreement
This Equipment Sale Agreement can be used for the sale and purchase of equipment. It also provides for the equipment to be installed.
4.0 (1 reviews)
Last updated December 18, 2024
Under 10 minutes
Suitable for Australia
Written by
Edwin Montoya Zorrilla
Reviewed by
Damin Murdock
Document Overview
This is a simple sale agreement for equipment. It includes optional clauses regarding training services.
What does the Equipment Sale Agreement cover?
- Purchase price and delivery.
- Site preparation and installation.
- Product warranties and acceptance testing.
- Title to the equipment.
- Standard terms and conditions.
The Legal Risk Score of a Equipment Sale Agreement Template
Our legal team have marked this document as low risk considering:
- The document places the responsibility for preparing the delivery site on the customer, which could lead to additional costs or delays if the site is not prepared to the supplier's specifications.
- Payment terms are structured such that a significant portion of the price may be due before the equipment is fully operational and accepted, potentially impacting cash flow or financial planning for the customer.
- Title and risk transfer provisions mean that the customer assumes the risk for loss or damage to the equipment upon delivery, which could lead to financial liability before the equipment is fully installed and operational.
Equipment Sale Agreement Checklist
Complete your free Equipment Sale Agreement with our checklist
Verify Contact Details
Ensure that the contact and address details for notices are correct for both the Supplier and the Customer as outlined in the agreement to facilitate smooth communication.
Schedule Inspections and Preparations
Arrange for timely inspections and preparations of the delivery and installation sites to comply with the specifications and avoid delays or additional costs.
Review Payment Terms
Confirm the payment schedule and ensure that funds are available to meet the obligations on the dates specified to avoid interest charges or termination of the agreement.
Document Acceptance and Compliance
After the installation and acceptance testing, document the acceptance of the equipment to ensure all parties agree it meets the specified operating specifications and retain records of compliance for future reference.
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