Agreement for Sale of Machinery is a contract that sets out the terms and conditions of a sale of machinery between two parties, typically a buyer and a seller. It usually includes details such as the date of the agreement, the description of the machinery, the purchase price, payment terms, delivery arrangements, and warranties. It is important to create an Agreement for Sale of Machinery that is legally binding and covers all the details involved in the sale. There are two main types of Agreement for Sale of Machinery: 1. Basic Agreement for Sale of Machinery: This agreement provides for the basic terms and conditions of the sale, such as the purchase price, payment terms, delivery arrangements, and warranties. 2. Comprehensive Agreement for Sale of Machinery: This agreement provides for more detailed terms and conditions of the sale, such as the description of the machinery, the payment schedule, the delivery arrangements, and warranties. It also includes clauses for dispute resolution, intellectual property protection, and indemnification.