[{"data":1,"prerenderedAt":511},["ShallowReactive",2],{"document-equipment-sales-agreement-D1147":3},{"document":4,"label":23,"preview":11,"thumb":24,"thumb600":25,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":26,"breadcrumb":30,"related":38,"customDescModule":178,"customdescription":6,"mdFm":179,"mdProseHtml":510},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":22},"EQUIPMENT SALES AGREEMENT This Equipment Sales Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [COMPANY NAME] (the \"Company\"), a corporation organized and existing under the laws of the [STATE/PROVINCE], with its head office located at: AND: [CUSTOMER NAME] (the \"Customer\"), a corporation organized and existing under the laws of the [STATE/PROVINCE], with its head office located at: NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth, the parties hereto agree as follows: Sale of Equipment Customer hereby agrees to purchase from Company the equipment (the \"Equipment\") set forth as follows: Type Number Price The price and time for payment for the Equipment is as follows: Price When Due Any amounts payable by Customer hereunder which remain unpaid after the due date shall be subject to a late charge equal to [%] per month from the due date until such amount is paid. Delivery Company shall use its reasonable efforts to deliver the Equipment to Customer on the delivery date set forth in Section 2. Delivery shall be made F.O.B. at Company's offices in [City], [State/province]. If the delivery is not made within [number] days of the scheduled delivery date, other than because of the fault of Customer or by force majeure (as set forth in Section 9, Customer may cancel its purchase of the Equipment). All transportation, shipping and handling charges shall be paid by Customer. Customer bears all risk of loss or damage to the Equipment after delivery to the transportation shipping point. Operation of the Equipment Customer shall be responsible for operation of the Equipment. Customer shall operate the Equipment in a reasonably competent manner and in compliance with the operations manual for the Equipment. Customer shall comply with all applicable rules, laws, and regulations in connection with operation of the Equipment. Infringement Indemnity Company will defend and indemnify Customer against a claim that the Equipment infringes a [COUNTRY] copyright or patent, provided that: (a) Customer notifies Company in writing within 30 days of the claim; (b) Company has sole control of the defense and all related settlement negotiations; and (c) Customer provides Company with the assistance, information and authority necessary to perform Company's obligations under this Section. Reasonable outofpocket expenses incurred by Customer in providing such assistance will be reimbursed by Company. Company shall have no liability for any claim of infringement based on use of Equipment altered by Customer. In the event the Equipment is held or is believed by Company to infringe, Company shall have the option, at its expense, to (a) modify the Equipment to be no infringing; (b) obtain for Customer a license to continue using the Equipment; or (c) refund the fees paid for the Equipment. This Section 5 states Company's entire liability and Customer's exclusive remedy for infringement, misappropriation or related claims. Disclaimers and Warranty Company warrants to the original purchaser of Equipment that for the Warranty Period (as defined below), the Equipment will be free from material defects in materials and workmanship. The foregoing warranty is subject to the proper installation, operation and maintenance of the Equipment in accordance with installation instructions and the operating manual supplied to Customer. Warranty claims must be made by Customer in writing within [number] days of the manifestation of a problem. Company's sole obligation under the foregoing warranty is, at Company's option, to repair, replace or correct any such defect that was present at the time of delivery, or to remove the Equipment and to refund the purchase price to Customer. The \"Warranty Period\" begins on the date the Equipment is delivered and continues for [NUMBER] months. Any repairs under this warranty must be conducted by an authorized Company service representative. Excluded from the warranty are problems due to accidents, misuse, misapplication, storage damage, negligence, or modification to the Equipment or its components. Company does not authorize any person or party to assume or create for it any other obligation or liability in connection with the Equipment except as set forth herein. THE INDEMNITY IN SECTION 5 AND WARRANTY IN SECTION 6(a) ABOVE IS EXCLUSIVE AND IN LIEU OF ALL OTHER INDEMNITIES OR WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. Nondisclosure By virtue of this Agreement, Customer may have access to information that is confidential to Company (\"Confidential Information\"). Confidential Information shall include, but not be limited to, the terms and pricing under this Agreement, the technical and other specifications for the Equipment and all information clearly identified as confidential. Confidential Information shall not include information that: (a) is or becomes a part of the public domain through no act or omission of Customer; (b) was in the Customer's lawful possession prior to the disclosure and had not been obtained by Customer either directly or indirectly from the disclosing party; (c) is lawfully disclosed to the Customer by a third party without restriction on disclosure; or (d) is independently developed by Customer. Customer agrees to hold Confidential Information in confidence during the term of this Agreement and for a period of five years after termination of this Agreement. Customer agrees, that unless required by law, it shall not make Confidential Information available in any form to any third party or to use Confidential Information for any purpose other than the implementation of this Agreement",null,"Equipment Sales Agreement","5",72,"doc","https://templates.business-in-a-box.com/imgs/1000px/equipment-sales-agreement-D1147.png","https://templates.business-in-a-box.com/imgs/250px/1147.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1147.xml",{"title":6,"description":6},[16,19],{"label":17,"url":18},"Production & Operations","/templates/production-operations/",{"label":20,"url":21},"Equipment Agreement","/templates/equipment-agreement/","equipment sales agreement","Equipment Sales Agreement Template","https://templates.business-in-a-box.com/imgs/400px/1147.png","https://templates.business-in-a-box.com/imgs/600px/1147.png",[27,16,19],{"label":28,"url":29},"Templates","/templates/",[31,32,35],{"label":28,"url":29},{"label":33,"url":34},"Legal Agreements","/templates/business-legal-agreements/",{"label":36,"url":37},"Sales & Purchase","/templates/sales-and-purchase/",[39,43,47,51,55,59,63,67,71,75,79,83,87,101,119,134,148,163],{"label":40,"url":41,"thumb":42,"extension":10},"Equipment Purchase Agreement","/template/equipment-purchase-agreement-D1146","https://templates.business-in-a-box.com/imgs/250px/1146.png",{"label":44,"url":45,"thumb":46,"extension":10},"Sales Agreement","/template/sales-agreement-D13769","https://templates.business-in-a-box.com/imgs/250px/13769.png",{"label":48,"url":49,"thumb":50,"extension":10},"Equipment Lease Agreement","/template/equipment-lease-agreement-D1140","https://templates.business-in-a-box.com/imgs/250px/1140.png",{"label":52,"url":53,"thumb":54,"extension":10},"Equipment Loan Agreement","/template/equipment-loan-agreement-D12843","https://templates.business-in-a-box.com/imgs/250px/12843.png",{"label":56,"url":57,"thumb":58,"extension":10},"Equipment Maintenance Agreement","/template/equipment-maintenance-agreement-D1144","https://templates.business-in-a-box.com/imgs/250px/1144.png",{"label":60,"url":61,"thumb":62,"extension":10},"Equipment Use Agreement","/template/equipment-use-agreement-D12844","https://templates.business-in-a-box.com/imgs/250px/12844.png",{"label":64,"url":65,"thumb":66,"extension":10},"Repurchase Agreement Equipment","/template/repurchase-agreement-equipment-D1153","https://templates.business-in-a-box.com/imgs/250px/1153.png",{"label":68,"url":69,"thumb":70,"extension":10},"Equipment Lease Agreement With Option to Purchase","/template/equipment-lease-agreement-with-option-to-purchase-D1143","https://templates.business-in-a-box.com/imgs/250px/1143.png",{"label":72,"url":73,"thumb":74,"extension":10},"Personnel and Equipment Agreement","/template/personnel-and-equipment-agreement-D902","https://templates.business-in-a-box.com/imgs/250px/902.png",{"label":76,"url":77,"thumb":78,"extension":10},"Exclusive Sales Agreement","/template/exclusive-sales-agreement-D12810","https://templates.business-in-a-box.com/imgs/250px/12810.png",{"label":80,"url":81,"thumb":82,"extension":10},"Sales Agency Agreement","/template/sales-agency-agreement-D1254","https://templates.business-in-a-box.com/imgs/250px/1254.png",{"label":84,"url":85,"thumb":86,"extension":10},"Equipment Lease Agreement Long","/template/equipment-lease-agreement-long-D1141","https://templates.business-in-a-box.com/imgs/250px/1141.png",{"description":88,"descriptionCustom":6,"label":64,"pages":89,"size":90,"extension":10,"preview":91,"thumb":66,"svgFrame":92,"seoMetadata":93,"parents":94,"keywords":99,"url":100},"REPURCHASE AGREEMENT This Repurchase Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Vendor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Lender\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Borrower\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS: A. Vendor wishes to sell the equipment described in Schedule A (the \"Equipment\") to [COMPANY NAME] (the \"Borrower\"). B. [COMPANY NAME] (\"the Lender\") has agreed to lend [AMOUNT] to the Borrower for the purpose of assisting the Borrower in purchasing the Equipment from the Vendor and has been granted a moveable hypothec without delivery on the Equipment by the Borrower pursuant to a contract of loan and hypothec (the \"Hypothec\") entered into between the Borrower and the Lender on [DATE], which Hypothec was registered on the Register of Personal and Movable Real Rights on [DATE] under the number. C. Vendor and Lender have agreed that in the event that, due to a default or failure by the Borrower to fulfill its obligations under the Hypothec, should the Lender elect to exercise its rights of action against the Borrower, Vendor shall use its best efforts to remarket the Equipment. D. Vendor and Borrower have agreed that in the event that the Lender elects to exercise its hypothecary recourses against the Borrower, Vendor shall purchase the Equipment for the price and on the conditions set forth herein. IN CONSIDERATION of the recitals and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 1. REMARKETING If the Borrower is at any time in default of its obligations under the Hypothec and the Lender intends to exercise its hypothecary rights of action against the Borrower, then the Lender shall give written notice thereof to the Vendor (the \"Notice\") prior to exercising said rights and the Vendor shall, during a period of [NUMBER] days (the \"Remarketing Period\"), use its best efforts to remarket the Equipment and to maximize the proceeds therefrom. All dispositions of the Equipment shall be at a price at least equal to the Adjusted Value of Equipment and on an \"as is, where is\" basis (without any representations or warranties from the Lender of any kind whatsoever except that the Equipment is not encumbered as a result of the Lender's actions). Vendor agrees to remarket the Equipment in a manner which will not favor the disposition of equipment owned by the Vendor over the Equipment. Any proceeds of sale of Equipment received by Vendor shall be received and held by Vendor in trust for the Lender and separate and apart from the Vendor's own funds and shall be remitted forthwith to the Lender. In the event that such proceeds are not remitted to the Lender within [NUMBER] days of Vendor's receipt thereof, Vendor shall pay to the Lender interest on such proceeds at a rate of [%] per annum, accruing from the date of receipt until paid to the Lender. If the net proceeds from remarketing any Equipment exceed the damages and other amounts due to the Lender under the Hypothec on the Equipment, the Lender shall pay a fee to Vendor for its services hereunder equal to the amount of such excess. Such fee shall be paid upon receipt by the Lender of such remarketing proceeds and, with Lender Name's prior consent, may be deducted by Vendor from such remarketing proceeds before they are remitted to the Lender. The foregoing is subject to the Lender being able to subsequently take the Equipment in payment by the voluntary or forced surrender of the Equipment pursuant to the exercise of its hypothecary rights under the Hypothec and deliver same to the new purchaser. 2. REPURCHASE If the Borrower is at any time in default of its obligations under the Hypothec, the Notice has been given, the Remarketing Period has expired without result and: 2.1 The Lender exercises its hypothecary right under the Hypothec to take the Equipment in payment of Borrower's obligations under the Hypothec and Borrower voluntarily surrenders the Equipment to the Lender, then the Vendor shall immediately upon receipt of a written request from the Lender to such effect, purchase the Equipment from the Lender on an \"as is, where is\" basis (without any representation or warranty from the Lender of any kind whatsoever except that the Equipment is not encumbered as a result of the Lender's actions) and shall pay to the Lender, as the purchase price for such Equipment , an amount equal to the Adjusted Value of Equipment. 2.2 The Lender exercises its hypothecary right under the Hypothec to sell the Equipment itself or a subsequent hypothecary creditor or the Borrower requires the Lender to abandon the taking in payment and sell the Equipment itself, then the Vendor shall: (i) immediately upon receipt of a written request from the Lender to such effect, purchase the Equipment from the Lender on an \"as is, where is\" basis (without any representation or warranty from the Lender of any kind whatsoever except that the Equipment is not encumbered as a result of the Lender's actions) and shall pay to the Lender, as the purchase price for such Equipment , an amount equal to the Adjusted Value of Equipment, in the event that the Lender elects to proceed by sale by agreement; (ii) immediately upon receipt of a written request from the Lender to such effect, submit an irrevocable and binding tender to the Lender for the purchase of the Equipment on an \"as is, where is\" basis (without any representation or warranty from the Lender of any kind whatsoever except that the Equipment is not encumbered as a result of the Lender's actions) at a purchase price equal to the Adjusted Value of Equipment and shall purchase and pay for the Equipment in accordance with the tender if said tender is accepted, in the event that the Lender elects to proceed by sale by a call for tenders; or (iii) immediately upon receipt of a written request from the Lender to such effect, submit an irrevocable and binding bid to the Lender for the purchase of the Equipment on an \"as is, where is\" basis (without any representation or warranty from the Lender of any kind whatsoever except that the Equipment is not encumbered as a result of the Lender's actions) at a purchase price equal to the Adjusted Value of Equipment and shall purchase and pay for the Equipment in accordance with the bid if such bid is accepted, in the event that the Lender elects to proceed by sale by public auction.","6",57,"https://templates.business-in-a-box.com/imgs/1000px/repurchase-agreement_equipment-D1153.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1153.xml",{"title":6,"description":6},[95,97],{"label":17,"url":96},"production-operations",{"label":20,"url":98},"equipment-agreement","equipment rental agreement","/template/equipment-rental-agreement-D1153",{"description":102,"descriptionCustom":6,"label":103,"pages":104,"size":105,"extension":10,"preview":106,"thumb":107,"svgFrame":108,"seoMetadata":109,"parents":110,"keywords":117,"url":118},"BILL OF SALE This Bill of Sale (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Seller\") , a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [BUYER NAME] (the \"Buyer\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] For good and valuable consideration, the Seller hereby sells and transfers possession of the following goods in their present condition and location to the Buyer, and its successors and assigns forever, the following described goods [DETAILED LIST OF GOODS]. Seller warrants and represents that he/she has good title to said property, full authority to sell and transfer same and that said goods and chattels are being sold free and clear of all liens, encumbrances, liabilities and adverse claims, of every nature and description.","Bill of Sale","1",29,"https://templates.business-in-a-box.com/imgs/1000px/bill-of-sale-D1229.png","https://templates.business-in-a-box.com/imgs/250px/1229.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1229.xml",{"title":6,"description":6},[111,114],{"label":112,"url":113},"Sales & Marketing","sales-marketing",{"label":115,"url":116},"Marketing & Sales Contracts","marketing-sales-contracts","bill sale","/template/bill-of-sale-D1229",{"description":120,"descriptionCustom":6,"label":121,"pages":104,"size":122,"extension":10,"preview":123,"thumb":124,"svgFrame":125,"seoMetadata":126,"parents":127,"keywords":132,"url":133},"COMPANY NAME:_______________________ Address: _______________________________________ City: ______________________________ State/Province: ___________ Zip/postal code__________ Country: ________________ Phone: _________________ Fax: __________________ Email: _________________________________________ Purchase Order The following number must appear on all related correspondence, shipping papers, and invoices: P.O. NUMBER: Contact: Address: _______________________________________ City: ______________________________ State/Province: ___________ Zip/postal code___________ Country: ________________ Phone: _________________ Fax: __________________ Email: _________________________________________ Ship To:","Purchase Order",49,"https://templates.business-in-a-box.com/imgs/1000px/purchase-order-D1411.png","https://templates.business-in-a-box.com/imgs/250px/1411.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1411.xml",{"title":6,"description":6},[128,129],{"label":112,"url":113},{"label":130,"url":131},"Bids & Quotes","bids-quotes","purchase order","/template/purchase-order-D1411",{"description":135,"descriptionCustom":6,"label":136,"pages":89,"size":137,"extension":10,"preview":138,"thumb":139,"svgFrame":140,"seoMetadata":141,"parents":143,"keywords":142,"url":147},"SERVICE AGREEMENT This SERVICE AGREEMENT (\"Agreement\") is effective [DATE], BETWEEN: [COMPANY NAME] (the \"Contractor\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Customer\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] (The Contractor and the Customer shall be individually referred to as a \"Party\" and collectively referred to as the \"Parties\", as the context may require). WHEREAS A. Contractor has experience and expertise in [DESCRIBE EXPERIENCE AND SERVICE]. B. Customer desires to have Contractor provide services for them. C. Contractor desires to provide services to Customer on the terms and conditions set forth herein (the \"Services\"). NOW THEREFORE, in consideration of the above recitals, the representations, warranties, and agreements contained in this Agreement and for other good and valuable consideration, the receipt and adequacy of which are now acknowledged, the Parties agree as follows: SERVICES PROVIDED Beginning on upon agreement to this contract, [CONTRACTOR] will provide to [CUSTOMER] the following service (collectively, the /Services\"): Description of the project: [DESCRIBE THE SERVICE REQUIRED]. SCOPE OF WORK Contractor agrees to provide Services pursuant to the Scope of Work set forth in Exhibit A attached hereto (the \"Scope of Work\"). TERM Unless both parties mutually agree on an extension, this contract will automatically terminate on [SPECIFY]. PERFORMANCE The parties agree to do everything possible to ensure that the terms of this Agreement take effect. PAYMENT FOR SERVICES In exchange for the Services rendered, a payment of [SPECIFY] will be made to the Contractor upon completion of the scheduled Services described in this Contract. If an invoice is not paid on the due date, interest will be added to the current balance. These amounts shall be payable, and the Customer shall pay all overdue amounts at the lesser of [SPECIFY] per cent per annum or the maximum percentage permitted by applicable law. Or Customer will pay Contractor as follows: [SPECIFY]. DELIVERY OF SERVICES The Contractor will exercise due diligence in the provision of services. However, the Customer acknowledges that the indicated delivery times and other payment milestones listed in Scope of Work are estimates and do not constitute final delivery dates. SECURITY The Contractor must make reasonable security arrangement to protect Material from unauthorized access, collection, use, alteration or disposal. OWNERSHIP RIGHT The Customer shall hold the copyright for the agreed version of the Services as delivered, and the Customer's copyright notice may be displayed in the final version. All works, ideas, discoveries, inventions, patents, products or other information that may be protected by copyright (collectively, the \"Work Product\" developed in whole or in part by the Contractor in connection with the Services, shall be the exclusive property of the Customer. Upon request, the Contractor shall execute all documents necessary to confirm or perfect the exclusive ownership of the Customer's \"Work Product\". The Contractor retains exclusive rights to pre-existing materials used in the Customer's projects. The Customer shall not have the right to reuse, resell or otherwise transfer material belonging to the contractor or third parties. The Contractor reserves the right to use the finished public product as an example of a product. RETURN OF PROPERTY Upon the expiry or termination of this Agreement, the Contractor will return to the Customer any property, documentation, records or Confidential Information which is the property of the Customer. COMPENSATION For all services rendered by the Contractor under this Agreement, the Customer shall indemnify the Contractor. In the event that the Customer fails to make any of the payments mentioned, the Contractor shall have the right, but shall not be obliged, to exercise any of the following remedies: ","Service Agreement",513,"https://templates.business-in-a-box.com/imgs/1000px/service-agreement-D12711.png","https://templates.business-in-a-box.com/imgs/250px/12711.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12711.xml",{"title":142,"description":6},"service agreement",[144,146],{"label":33,"url":145},"business-legal-agreements",{"label":33,"url":145},"/template/service-agreement-D12711",{"description":149,"descriptionCustom":6,"label":150,"pages":151,"size":137,"extension":10,"preview":152,"thumb":153,"svgFrame":154,"seoMetadata":155,"parents":157,"keywords":156,"url":162},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":156,"description":6},"non disclosure agreement nda",[158,159],{"label":33,"url":145},{"label":160,"url":161},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":164,"descriptionCustom":6,"label":165,"pages":166,"size":137,"extension":10,"preview":167,"thumb":168,"svgFrame":169,"seoMetadata":170,"parents":172,"keywords":171,"url":177},"INDEMNIFICATION AGREEMENT This Indemnification Agreement (\"Agreement\") is effective as of [DATE], BETWEEN: [NAME OF THE INDEMNIFYING PARTY] (the \"Indemnifier\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE] with its head office located at: [YOUR COMPLETE ADDRESS] AND: [NAME OF THE INDEMNITEE] (the \"Indemnitee \"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, the Indemnitee seeks protection against any personal liability, claim, suit, action, loss, or damage that may result from the Indemnitee's participation in the Activity. WHEREAS, the Indemnifier seeks to minimize any hardship the Indemnitee might suffer as the result of any personal liability, claim, suit, action, loss, or damage that may result from the Indemnitee's participation in the Activity. NOW THEREFORE in consideration and as a condition of the Indemnifier and the Indemnitee entering into this Agreement and other valuable considerations, the receipt and sufficiency of which consideration is acknowledged, the Parties agree as follows: INDEMNIFIED ACTIVITY The Indemnitee seeks to be protected from the following indemnified activity (hereinafter referred to as the \"Activity\"): [SPECIFY ACTIVITY] INDEMNITY The Indemnifier agrees to indemnify and hold harmless the Indemnitee, its respective affiliates, officers, agents, employees, and permitted successors and assigns against any and all claims, losses, damages, liabilities, penalties, punitive damages, expenses, reasonable legal fees and costs of any kind or amount whatsoever, which result from the Activity. EXCEPTIONS TO INDEMNIFICATION The Indemnifier shall not be obligated to indemnify the Indemnitee for any fines, expenses, judgments, settlements, and other obligations incurred as the result of the Indemnitee's participation in the Activity: In the case of a criminal proceeding; or In the case of a civil claim where the Indemnitee did not act in good faith and/or in a reasonable manner; or If the Indemnitee will or has received payment under a valid and collectible insurance policy or under a valid and enforcement indemnity clause, bylaw or agreement, except where payment under the insurance policy, clause, bylaw or agreement is not sufficient to fully indemnify the Indemnitee, in which case the Indemnifier will be responsible for any shortfall in the payment received; or If an action or proceeding was initiated in whole in or in part by the Indemnitee, whether alone or along with one or more other claimants, unless the action or proceeding has the written consent of the Indemnifier. NOTICE OF CLAIM In the event of any claim or action, the Indemnitee must promptly provide the Indemnifier with written notice of the claim or action and will notify the Indemnifier of any legal proceedings relating to the claim or action within [NUMBER OF DAYS] of the Indemnitee's receipt of notice of such proceedings. The Indemnitee must provide the Indemnifier with all known information available to the Indemnitee relating to the claim or action. COOPERATION ​ The Indemnitee agrees to wholly cooperate with the Indemnifier in the defence of any claim or action against it that the Indemnitee seeks to be indemnified for, including but not limited to, providing the Indemnifier with all available information related to the claim or action, responding to reasonable requests from the Indemnifier for information, documentation, and the like","Indemnification Agreement","4","https://templates.business-in-a-box.com/imgs/1000px/sample-doc-for-test-D13016.png","https://templates.business-in-a-box.com/imgs/250px/13016.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13016.xml",{"title":171,"description":6},"indemnification agreement",[173,174],{"label":33,"url":145},{"label":175,"url":176},"Release Agreements","release-agreement","/template/indemnification-agreement-D13016",false,{"seo":180,"reviewer":190,"quick_facts":194,"at_a_glance":197,"personas":201,"variants":226,"glossary":251,"clauses":285,"how_to_fill":331,"common_mistakes":372,"faqs":397,"industries":425,"comparisons":442,"diy_vs_lawyer":454,"jurisdictions":467,"related_template_ids_curated":488,"schema":497,"classification":498},{"meta_title":181,"meta_description":182,"primary_keyword":183,"secondary_keywords":184},"Equipment Sales Agreement Template (Free Word)","Free equipment sales agreement template covering pricing, payment, delivery, warranty, and liability. Download in Word, edit online, or export as PDF. Free Word and PDF download.","equipment sales agreement template",[22,185,186,187,188,189],"equipment sales contract template","equipment sale contract word","equipment sales agreement free download","machinery sales agreement template","equipment purchase contract template",{"name":191,"credential":192,"reviewed_date":193},"Bruno Goulet","CEO, Business in a Box","2026-05-02",{"difficulty":195,"legal_review_recommended":196,"signature_required":196},"advanced",true,{"what_it_is":198,"when_you_need_it":199,"whats_inside":200},"An Equipment Sales Agreement is a legally binding contract between an equipment seller — manufacturer, dealer, or private party — and a buyer that documents the complete terms of an equipment transaction. This free Word download covers purchase price, payment schedule, delivery obligations, risk of loss, warranty terms, limitation of liability, and post-sale service in a single document you can edit online and export as PDF.\n","Use it any time equipment with a material dollar value changes hands in a commercial context — whether you are a dealer selling construction machinery, a manufacturer shipping industrial equipment, or a business disposing of capital assets. An oral agreement or a purchase order alone leaves both parties exposed on warranty, delivery risk, and liability.\n","Equipment description with serial numbers and specifications, purchase price and payment terms, delivery and installation obligations, passage of title and risk of loss, warranty scope and exclusions, limitation of liability, default and remedies, and governing law. An optional post-sale service schedule can be attached as an exhibit.\n",[202,206,210,214,218,222],{"title":203,"use_case":204,"icon_asset_id":205},"Equipment dealers and distributors","Documenting the sale of heavy machinery or commercial equipment to business buyers","persona-dealer",{"title":207,"use_case":208,"icon_asset_id":209},"Manufacturers","Selling capital equipment directly to end-users with custom delivery and installation terms","persona-manufacturer",{"title":211,"use_case":212,"icon_asset_id":213},"Construction and contracting companies","Purchasing or disposing of job-site equipment with clear title transfer and warranty terms","persona-contractor",{"title":215,"use_case":216,"icon_asset_id":217},"Small business owners","Buying used or refurbished equipment and protecting against undisclosed defects","persona-small-business-owner",{"title":219,"use_case":220,"icon_asset_id":221},"Fleet and asset managers","Selling surplus capital assets with documented as-is conditions and liability limits","persona-operations-director",{"title":223,"use_case":224,"icon_asset_id":225},"Agricultural businesses","Buying or selling farming equipment with seasonal delivery schedules and part-financing terms","persona-franchise-applicant",[227,231,235,238,242,245,247],{"situation":228,"recommended_template":229,"slug":230},"Selling new equipment with a full manufacturer warranty","Equipment Sales Agreement (New Equipment)","equipment-sales-agreement-D1147",{"situation":232,"recommended_template":233,"slug":234},"Selling used or refurbished equipment on an as-is basis","As-Is Bill of Sale","bill-of-sale-D1229",{"situation":236,"recommended_template":48,"slug":237},"Leasing equipment rather than transferring ownership","equipment-lease-agreement-D1140",{"situation":239,"recommended_template":240,"slug":241},"Financing the purchase with the seller retaining a security interest","Equipment Financing Agreement","financing-agreement-D877",{"situation":243,"recommended_template":56,"slug":244},"Providing ongoing maintenance after the sale","equipment-maintenance-agreement-D1144",{"situation":246,"recommended_template":103,"slug":234},"Simple personal-property transfer with no ongoing obligations",{"situation":248,"recommended_template":249,"slug":250},"Renting equipment for a fixed period without a purchase option","Equipment Rental Agreement","equipment-rental-agreement-D1153",[252,255,258,261,264,267,270,273,276,279,282],{"term":253,"definition":254},"Title","Legal ownership of the equipment — the agreement specifies the exact moment title transfers from seller to buyer, typically at delivery or full payment.",{"term":256,"definition":257},"Risk of Loss","The point at which responsibility for damage or destruction of the equipment shifts from the seller to the buyer, often separate from the transfer of title.",{"term":259,"definition":260},"FOB (Free on Board)","A shipping term specifying where the seller's delivery obligation ends and the buyer's risk begins — FOB Origin means risk passes at the seller's dock; FOB Destination means risk passes at the buyer's location.",{"term":262,"definition":263},"Warranty of Merchantability","An implied guarantee under the UCC (in the US) that goods are fit for their ordinary purpose — sellers commonly disclaim this in commercial equipment agreements.",{"term":265,"definition":266},"As-Is Clause","A provision stating the buyer accepts the equipment in its current condition, with no warranty or representation by the seller beyond what is explicitly stated.",{"term":268,"definition":269},"Limitation of Liability","A clause capping the seller's maximum financial exposure — typically limited to the purchase price — and excluding consequential, incidental, or punitive damages.",{"term":271,"definition":272},"Security Interest","A lien a seller retains in the equipment until the purchase price is paid in full, giving the seller the right to repossess in case of default.",{"term":274,"definition":275},"Acceptance","The buyer's formal acknowledgment — after inspection — that the equipment conforms to the agreement's specifications and is received without material defect.",{"term":277,"definition":278},"Consequential Damages","Losses that result indirectly from a breach — such as lost profits caused by equipment downtime — which are typically excluded by the seller's limitation of liability clause.",{"term":280,"definition":281},"Force Majeure","A clause excusing a party from performance obligations when delivery or installation is delayed by events outside their control, such as natural disasters, port strikes, or supply-chain disruptions.",{"term":283,"definition":284},"UCC (Uniform Commercial Code)","A standardized body of commercial law adopted in all US states that governs the sale of goods, including equipment, and provides default rules when the contract is silent.",[286,291,296,301,306,311,316,321,326],{"name":287,"plain_english":288,"sample_language":289,"common_mistake":290},"Equipment description and specifications","Identifies the equipment precisely — make, model, year, serial number, and any agreed configuration or accessories — so both parties know exactly what is being sold.","Seller agrees to sell and Buyer agrees to purchase the following equipment: [MAKE], [MODEL], [YEAR], Serial No. [SERIAL NUMBER], including [LIST OF ACCESSORIES / ATTACHMENTS] ('Equipment'), as more fully described in Exhibit A.","Using only a model name without serial numbers or specification references. If the delivered unit differs from what was discussed, no description in the contract makes the dispute impossible to resolve quickly.",{"name":292,"plain_english":293,"sample_language":294,"common_mistake":295},"Purchase price and payment terms","States the total price, deposit amount, payment schedule, accepted payment methods, and any interest or late-payment penalties.","The total purchase price is $[AMOUNT] ('Purchase Price'). Buyer shall pay a deposit of $[DEPOSIT AMOUNT] upon execution. The remaining balance of $[BALANCE] shall be due on or before [DATE / delivery date], payable by [wire transfer / certified check / ACH].","Omitting a specific due date for the balance and relying on 'due at delivery.' If delivery is delayed, the payment obligation becomes ambiguous and disputes follow.",{"name":297,"plain_english":298,"sample_language":299,"common_mistake":300},"Delivery, installation, and acceptance","Specifies when and where the seller must deliver, who bears shipping costs, whether the seller is obligated to install, and how the buyer formally accepts the equipment after inspection.","Seller shall deliver the Equipment to [DELIVERY ADDRESS] on or before [DATE], [FOB Destination / FOB Origin]. Buyer shall have [5] business days following delivery to inspect the Equipment and notify Seller in writing of any non-conformance. Failure to notify within this period constitutes acceptance.","Failing to define an acceptance window. Without one, a buyer can claim non-conformance months after delivery, creating open-ended liability for the seller.",{"name":302,"plain_english":303,"sample_language":304,"common_mistake":305},"Title and risk of loss","States the moment legal ownership transfers to the buyer and the separate moment risk of loss (damage or destruction) shifts from seller to buyer.","Title to the Equipment shall pass to Buyer upon receipt of payment in full. Risk of loss shall transfer to Buyer upon [delivery to carrier at Seller's facility / delivery to Buyer's address], regardless of when title passes.","Assuming title and risk of loss transfer simultaneously. Under the UCC, they can transfer at different times — leaving one party bearing risk without owning the asset, or owning the asset without bearing risk of loss.",{"name":307,"plain_english":308,"sample_language":309,"common_mistake":310},"Warranty","Describes what the seller guarantees about the equipment's condition and performance, the duration of the warranty, and what remedies the buyer has if the equipment fails to conform.","Seller warrants that the Equipment shall be free from defects in materials and workmanship for a period of [12] months from the date of delivery ('Warranty Period'). Seller's sole obligation under this warranty is, at Seller's election, to repair or replace the defective Equipment. ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, ARE HEREBY DISCLAIMED.","Providing a warranty without a clear remedy limitation. Without specifying repair-or-replace as the exclusive remedy, a buyer may pursue consequential damages — lost profits, business interruption — as a warranty remedy.",{"name":312,"plain_english":313,"sample_language":314,"common_mistake":315},"As-is disclaimer (for used equipment)","For used or surplus equipment, explicitly states that the buyer accepts the equipment in its current condition with no implied warranties — and that the buyer has had the opportunity to inspect.","THE EQUIPMENT IS SOLD 'AS IS, WHERE IS.' BUYER ACKNOWLEDGES THAT IT HAS HAD THE OPPORTUNITY TO INSPECT THE EQUIPMENT PRIOR TO PURCHASE AND ACCEPTS THE EQUIPMENT IN ITS CURRENT CONDITION. SELLER MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED.","Using lowercase or non-conspicuous text for an as-is disclaimer. Under the UCC, disclaimers of implied warranties must be conspicuous — typically meaning capitalized or bold — to be enforceable.",{"name":317,"plain_english":318,"sample_language":319,"common_mistake":320},"Limitation of liability","Caps the seller's total financial exposure and excludes indirect damages such as lost profits, business interruption, or consequential losses.","IN NO EVENT SHALL SELLER'S LIABILITY EXCEED THE PURCHASE PRICE PAID BY BUYER. SELLER SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING LOST PROFITS OR BUSINESS INTERRUPTION, EVEN IF SELLER HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.","A limitation of liability clause in standard mixed-case body text. Courts in some jurisdictions require these clauses to be conspicuous to be enforceable against a commercial buyer — use all caps or a boxed callout.",{"name":322,"plain_english":323,"sample_language":324,"common_mistake":325},"Default and remedies","Defines what constitutes a default by either party, the notice required before exercising remedies, and the remedies available — repossession, resale, or damages.","Buyer shall be in default if Buyer fails to pay any amount due within [10] days of its due date. Upon default, Seller may, at its election and without further notice, (a) repossess the Equipment, (b) retain all amounts paid as liquidated damages, and/or (c) pursue any other remedies available at law or equity.","No cure period before the seller exercises remedies. A buyer's bank wire may be delayed for legitimate reasons — a 5–10 business day cure period is standard and prevents a commercially unreasonable repossession.",{"name":327,"plain_english":328,"sample_language":329,"common_mistake":330},"Governing law and dispute resolution","Specifies which state's or country's law governs the agreement and how disputes are resolved — litigation, binding arbitration, or mediation first.","This Agreement shall be governed by the laws of the State of [STATE], without regard to conflict-of-law principles. Any dispute arising hereunder shall be resolved by binding arbitration administered by [AAA / JAMS] in [CITY, STATE], except that either party may seek injunctive relief in a court of competent jurisdiction.","Choosing a governing law with no connection to either party's location or the delivery site. Some states have buyer-protection statutes that apply regardless of the chosen law — California and New York are common examples.",[332,337,342,347,352,357,362,367],{"step":333,"title":334,"description":335,"tip":336},1,"Identify both parties with full legal names","Enter the seller's and buyer's complete legal entity names — registered business name, entity type, and state of formation. For individuals, use the full legal name as it appears on government ID.","Cross-check the buyer's entity name against the secretary of state registry before signing. A minor name discrepancy makes the security interest harder to perfect.",{"step":338,"title":339,"description":340,"tip":341},2,"Describe the equipment precisely in Exhibit A","List the make, model, year, serial number, configuration, and every included accessory or attachment. Attach photographs or a manufacturer specification sheet as Exhibit A.","Serial numbers are the single most important identifier — they determine which exact unit the contract covers and are essential for UCC filing and insurance claims.",{"step":343,"title":344,"description":345,"tip":346},3,"Set the purchase price, deposit, and payment schedule","Enter the total price, deposit amount due at signing, balance due date, and accepted payment method. If payment is in installments, list each installment date and amount.","For large transactions, require payment by wire transfer or certified funds — personal checks create a clearing delay that can complicate title transfer timing.",{"step":348,"title":349,"description":350,"tip":351},4,"Define delivery terms and the acceptance window","Choose FOB Origin or FOB Destination, enter the delivery address, and set the delivery date. State the number of business days the buyer has to inspect and notify the seller of non-conformance.","Five business days is the standard acceptance window for commercial equipment. Shorter periods favor the seller; longer periods favor the buyer.",{"step":353,"title":354,"description":355,"tip":356},5,"Specify title transfer and risk-of-loss trigger","State when title transfers — typically upon receipt of full payment — and when risk of loss shifts, which is typically tied to the FOB point. Confirm these are different events if the buyer is financing the purchase.","If the seller retains a security interest until paid in full, file a UCC-1 financing statement within 20 days of delivery to perfect the lien and protect priority against other creditors.",{"step":358,"title":359,"description":360,"tip":361},6,"Complete the warranty section or select as-is","For new equipment, enter the warranty period, covered defects, and the remedy (repair or replace). For used equipment, use the as-is clause in all-caps and confirm the buyer has had an inspection opportunity.","Always explicitly disclaim implied warranties of merchantability and fitness for a particular purpose in a capitalized sentence — this is a UCC requirement for the disclaimer to be effective.",{"step":363,"title":364,"description":365,"tip":366},7,"Review limitation of liability and default provisions","Confirm the liability cap equals the purchase price and that consequential damages are excluded in all-caps text. Set a 5–10 business day cure period in the default clause before remedies are triggered.","Courts in California and Texas have refused to enforce limitation-of-liability clauses that were not presented conspicuously — use capitalized text and, for high-value transactions, have the buyer initial the clause separately.",{"step":368,"title":369,"description":370,"tip":371},8,"Sign before delivery and retain executed copies","Both parties should sign before the equipment leaves the seller's facility. Store the fully executed agreement and Exhibit A together — either party will need them for insurance claims, warranty service, or dispute resolution.","Use an e-signature platform that timestamps execution and stores an audit trail. For equipment over $100K, wet signatures on paper originals are still preferred by many institutional buyers and lenders.",[373,377,381,385,389,393],{"mistake":374,"why_it_matters":375,"fix":376},"No serial number in the equipment description","Without a serial number, the contract could apply to any unit of the same model — making a substitution or swap impossible to contest and undermining a UCC security interest filing.","Add the serial number to both the contract body and Exhibit A, and verify it matches the physical unit at delivery.",{"mistake":378,"why_it_matters":379,"fix":380},"As-is disclaimer in standard body text","Under UCC Section 2-316, an implied warranty disclaimer must be conspicuous to be enforceable. A lowercase, same-font disclaimer buried in a paragraph is routinely held ineffective by courts.","Set the as-is disclaimer in all capitals or bold typeface, or both, and place it in a visually distinct section of the agreement.",{"mistake":382,"why_it_matters":383,"fix":384},"Omitting a buyer acceptance window","Without a defined inspection period, the buyer can raise non-conformance claims weeks or months after delivery, leaving the seller with open-ended return and repair liability.","State an explicit acceptance window — typically 5 business days — after which the buyer's failure to notify constitutes acceptance of the equipment as conforming.",{"mistake":386,"why_it_matters":387,"fix":388},"Limitation of liability in lowercase body text","Several US states and the UK require consequential-damage exclusions to be brought to the counterparty's attention. A buried clause may be struck down, exposing the seller to unlimited consequential damages.","Present limitation-of-liability language in all capitals, and for high-value transactions, require the buyer to initial it separately to document acknowledgment.",{"mistake":390,"why_it_matters":391,"fix":392},"No UCC-1 filing when seller retains a security interest","A security interest not perfected by a UCC-1 filing is unperfected — meaning a bankruptcy trustee or subsequent secured lender can take priority over the seller's claim to the equipment.","File a UCC-1 financing statement in the buyer's state of organization within 20 days of delivery whenever the seller retains a security interest pending full payment.",{"mistake":394,"why_it_matters":395,"fix":396},"Confusing title transfer with risk-of-loss transfer","If the contract says title and risk pass simultaneously at delivery, but the seller is shipping FOB Origin, the buyer bears risk from the moment the carrier picks up — before the buyer has even seen the equipment.","State title and risk-of-loss transfer points separately, confirm they align with the FOB term chosen, and ensure both parties understand the implications before signing.",[398,401,404,407,410,413,416,419,422],{"question":399,"answer":400},"What is an equipment sales agreement?","An equipment sales agreement is a legally binding contract between a seller and a buyer that documents the complete terms of a commercial equipment transaction — including the purchase price, payment schedule, delivery obligations, warranty terms, title transfer, and limitation of liability. It provides more protection than a purchase order or invoice alone by creating enforceable obligations on both sides and eliminating ambiguity on risk of loss and warranty scope.\n",{"question":402,"answer":403},"Is an equipment sales agreement legally required?","No law in most jurisdictions requires a written equipment sales agreement for every transaction, but the UCC in the United States generally requires a written contract for the sale of goods valued at $500 or more to be enforceable against a party who disputes the terms. In the UK and EU, written contracts are strongly recommended for commercial equipment sales to clearly establish warranty scope, liability limits, and title transfer. Without a written agreement, courts apply statutory defaults that often favor the buyer.\n",{"question":405,"answer":406},"What is the difference between an equipment sales agreement and a bill of sale?","A bill of sale is a short document that records the transfer of ownership — it identifies the equipment, states the price, and transfers title. An equipment sales agreement is a comprehensive contract that also covers payment terms, delivery obligations, warranty, limitation of liability, default remedies, and dispute resolution. For any equipment transaction above a few thousand dollars or involving ongoing obligations, an equipment sales agreement provides substantially more protection than a bill of sale alone.\n",{"question":408,"answer":409},"When does title to equipment transfer under an equipment sales agreement?","Title transfers at the moment specified in the agreement — commonly upon receipt of full payment or upon delivery, whichever is later. Under the UCC, if the contract is silent, title passes at the time and place the seller completes delivery obligations. Sellers who finance the purchase price should retain title until payment in full and file a UCC-1 to perfect their security interest.\n",{"question":411,"answer":412},"What is the difference between title transfer and risk of loss?","Title is legal ownership of the equipment. Risk of loss is financial responsibility for damage or destruction. Under the UCC, these can transfer at different times — for example, a seller retaining title as security may still shift risk of loss to the buyer at delivery. The contract should specify both transfer points explicitly, and they should align with the FOB shipping term chosen.\n",{"question":414,"answer":415},"Can a seller disclaim all warranties in an equipment sales agreement?","Yes, in most commercial transactions between businesses. Under UCC Section 2-316, a seller can disclaim implied warranties of merchantability and fitness for a particular purpose if the disclaimer is conspicuous — typically meaning it is in all capitals or bold typeface. Express warranties made during negotiations are harder to disclaim. Some jurisdictions, and most consumer-protection statutes, restrict warranty disclaimers in consumer-facing transactions, so consult a lawyer if the buyer is a consumer rather than a business.\n",{"question":417,"answer":418},"What happens if the equipment does not conform to the agreement?","Under the UCC's perfect tender rule, a buyer may reject equipment that fails in any respect to conform to the contract — but only if rejection occurs within the acceptance window and the buyer gives the seller specific written notice of the non-conformance. After acceptance, the buyer's remedies are limited to breach-of-warranty claims. The agreement can modify these defaults by specifying repair-or-replace as the exclusive warranty remedy and limiting consequential damages.\n",{"question":420,"answer":421},"Do I need a lawyer to draft an equipment sales agreement?","For standard commercial equipment transactions below $100,000 between sophisticated businesses, a high-quality template is typically sufficient. Consider engaging a lawyer when the transaction exceeds $100,000, involves custom-manufactured equipment, includes a security interest that requires UCC filing, spans multiple jurisdictions, or involves ongoing service obligations that create long-term liability exposure. A one-hour template review typically costs $200–$500 and is worthwhile for any transaction where equipment downtime could cause material business losses.\n",{"question":423,"answer":424},"What is a UCC-1 financing statement and when is it needed?","A UCC-1 financing statement is a public notice filed with the secretary of state in the buyer's state of organization that perfects a seller's security interest in the equipment. It is needed whenever the seller retains a security interest — for example, when the buyer pays in installments. Without a filed UCC-1, the seller's security interest is unperfected, meaning a bankruptcy trustee or subsequent lender can take priority over the seller's right to repossess the equipment if the buyer defaults.\n",[426,430,434,438],{"industry":427,"icon_asset_id":428,"specifics":429},"Construction and heavy equipment","industry-construction","Progress-payment schedules tied to project milestones, detailed delivery and site-access requirements, and warranty provisions covering heavy use and operator abuse exclusions.",{"industry":431,"icon_asset_id":432,"specifics":433},"Manufacturing and industrial","industry-manufacturing","Custom-specification equipment with acceptance testing protocols, installation and commissioning obligations, and performance guarantees tied to production output metrics.",{"industry":435,"icon_asset_id":436,"specifics":437},"Agriculture","industry-agriculture","Seasonal delivery windows aligned to planting and harvest cycles, trade-in provisions for existing equipment, and warranty terms that account for high-hour seasonal use patterns.",{"industry":439,"icon_asset_id":440,"specifics":441},"Healthcare and medical devices","industry-healthtech","FDA or Health Canada regulatory compliance representations, biomedical installation and calibration requirements, and post-sale service and preventive maintenance obligations.",[443,446,449,452],{"vs":48,"vs_template_id":444,"summary":445},"equipment-lease-agreement-D1148","An equipment lease agreement transfers possession and use for a defined period without transferring ownership — the lessor retains title throughout. An equipment sales agreement permanently transfers title to the buyer. Leasing is preferred when the buyer needs the equipment for a fixed project, wants to preserve capital, or expects to upgrade frequently. Buying is preferred when the equipment has a long useful life and the buyer wants to own it outright.",{"vs":103,"vs_template_id":447,"summary":448},"bill-of-sale-D392","A bill of sale is a short document that records the transfer of title and identifies the equipment and price. It does not cover payment terms, warranty, limitation of liability, default remedies, or dispute resolution. For any equipment transaction above a few thousand dollars or involving ongoing obligations, an equipment sales agreement provides substantially more legal protection than a bill of sale alone.",{"vs":56,"vs_template_id":450,"summary":451},"equipment-maintenance-agreement-D1145","An equipment maintenance agreement governs ongoing service, repair, and preventive maintenance obligations after the sale is complete. An equipment sales agreement governs the transaction itself — price, delivery, title, and warranty. For equipment with ongoing service needs, both documents are typically used together, with the maintenance agreement attached as an exhibit or executed separately at closing.",{"vs":249,"vs_template_id":250,"summary":453},"An equipment rental agreement provides temporary possession for a short, defined period — days to months — with no purchase obligation and no title transfer. An equipment sales agreement is a permanent sale. Rental agreements are common for one-time projects or seasonal needs; sales agreements are used when the buyer intends to own and operate the equipment long-term.",{"use_template":455,"template_plus_review":459,"custom_drafted":463},{"best_for":456,"cost":457,"time":458},"Commercial equipment transactions under $100,000 between two businesses with straightforward delivery and warranty terms","Free","30–60 minutes",{"best_for":460,"cost":461,"time":462},"Transactions from $100,000–$500,000, custom-spec equipment, installment payments with a security interest, or cross-state delivery","$300–$700 (lawyer template review)","2–5 days",{"best_for":464,"cost":465,"time":466},"High-value or custom-manufactured equipment above $500,000, multi-jurisdiction transactions, regulated industries, or complex post-sale service obligations","$1,500–$5,000+","1–3 weeks",[468,473,478,483],{"code":469,"name":470,"flag_asset_id":471,"note":472},"us","United States","flag-us","Article 2 of the UCC governs the sale of goods in all US states and provides default rules on title, risk of loss, warranty, and rejection rights when the contract is silent. Warranty disclaimers must be conspicuous under UCC Section 2-316. Security interests must be perfected by filing a UCC-1 in the buyer's state of organization. Non-consumer commercial transactions have broad freedom to limit warranties and consequential damages, but California imposes additional restrictions even in B2B contexts.",{"code":474,"name":475,"flag_asset_id":476,"note":477},"ca","Canada","flag-ca","Provincial sale-of-goods legislation (e.g., Ontario's Sale of Goods Act) governs equipment sales and implies warranties of merchantability and fitness unless explicitly disclaimed. Sellers retaining a purchase-money security interest must register under the applicable Personal Property Security Act (PPSA) in the province where the buyer is located. Quebec operates under a civil law regime — the Civil Code of Quebec governs sale contracts and implied warranties differ from common-law provinces.",{"code":479,"name":480,"flag_asset_id":481,"note":482},"uk","United Kingdom","flag-uk","The Sale of Goods Act 1979 (as amended) and the Consumer Rights Act 2015 imply statutory terms into equipment sales, including satisfactory quality and fitness for purpose. In B2B transactions, many implied terms can be excluded if the exclusion satisfies the reasonableness test under the Unfair Contract Terms Act 1977. Retention-of-title clauses (Romalpa clauses) are common and enforceable but must be clearly drafted to survive a buyer's insolvency.",{"code":484,"name":485,"flag_asset_id":486,"note":487},"eu","European Union","flag-eu","The EU Directive on the Sale of Goods (2019/771) harmonizes minimum buyer protections across member states, including a two-year statutory conformity guarantee for goods. Limitation-of-liability clauses that conflict with these minimums are unenforceable in consumer transactions; B2B contracts have more flexibility but remain subject to member state implementing legislation. Sellers of CE-marked equipment must ensure the agreement references applicable technical standards and conformity declarations.",[237,244,250,234,489,490,491,492,493,494,495,496],"purchase-order-D1411","sales-agreement-D13769","service-agreement-D12711","non-disclosure-agreement-nda-D12692","indemnification-agreement-D13016","warranty-deed-D993","demand-letter-D13262","independent-contractor-agreement-D160",{"emit_how_to":196,"emit_defined_term":196},{"primary_folder":145,"secondary_folder":499,"document_type":500,"industry":501,"business_stage":502,"tags":503,"confidence":509},"sales-and-purchase","agreement","general","all-stages",[504,505,506,507,508],"contract","equipment-sales","sales-agreement","purchase","terms-and-conditions",0.95,"\u003Ch2>What is an Equipment Sales Agreement?\u003C/h2>\n\u003Cp>An \u003Cstrong>Equipment Sales Agreement\u003C/strong> is a legally binding contract between an equipment seller — manufacturer, dealer, or private party — and a buyer that documents the complete terms of a commercial equipment transaction. It records the exact equipment being sold by make, model, and serial number, establishes the purchase price and payment schedule, defines when title and risk of loss transfer, sets out warranty obligations and exclusions, and limits the seller's exposure to consequential damages. Unlike a simple invoice or purchase order, an equipment sales agreement creates enforceable obligations on both sides and eliminates the ambiguity that courts otherwise resolve using statutory defaults — which, under the UCC and equivalent legislation in other jurisdictions, frequently favor the buyer.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a written equipment sales agreement, both the seller and the buyer are exposed to avoidable risk on every material dimension of the transaction. A seller who delivers expensive machinery with only a purchase order in place has no documented warranty disclaimer, no acceptance window, and no limitation on consequential damages if the buyer claims the equipment caused production downtime or business losses. A buyer who pays without a written contract has no documented recourse if the equipment is delivered late, substituted with a different unit, or fails to meet the agreed specifications. Disputes over whether a sale was as-is or warranted, who bore the risk of loss during transit, and what remedy applies when equipment is defective are among the most common sources of commercial litigation — and a properly drafted agreement resolves all of them before they arise. This template gives sellers and buyers a professionally structured starting point that covers every critical clause, reducing drafting time and legal fees while protecting both parties from the costly ambiguity of an undocumented deal.\u003C/p>\n",1781185915236]