North Carolina Sample Agreement Re Sale of Corporate Equipment: A North Carolina Sample Agreement Re Sale of Corporate Equipment is a legal contract that governs the terms and conditions of the sale of corporate equipment in the state of North Carolina. This agreement outlines the specifics of the transaction, including the equipment being sold, the purchase price, and the rights and obligations of both the buyer and the seller. Key elements covered in a North Carolina Sample Agreement Re Sale of Corporate Equipment include: 1. Parties: Identify the buyer and the seller involved in the transaction. This includes their legal names, addresses, and contact information. 2. Equipment Description: Provide a detailed description of the corporate equipment being sold. This should specify the make, model, serial number (if applicable), and any other relevant details that accurately describe the equipment. 3. Purchase Price and Payment Terms: State the agreed-upon purchase price for the equipment and outline the payment terms. This includes the amount due, any deposit required, and the payment schedule (e.g., lump sum or installments). 4. Condition of Equipment: Disclose the current condition of the equipment, specifying whether it is pre-owned or new. It may also include any warranties or guarantees associated with the equipment. 5. Transfer of Ownership: Clearly state that the ownership of the equipment will be transferred from the seller to the buyer upon completion of the sale, subject to the terms and conditions of the agreement. 6. Representations and Warranties: Include any representations or warranties made by the seller pertaining to the equipment, such as its condition, functionality, or legal status. This protects the buyer from any misrepresentation or defects in the equipment. 7. Indemnification: Define the responsibilities of each party regarding potential claims, damages, or liabilities arising from the use, ownership, or transfer of the equipment. It may also include provisions related to insurance coverage. 8. Governing Law: Specify that the agreement is governed by the laws of the state of North Carolina. Types of North Carolina Sample Agreement Re Sale of Corporate Equipment may include: 1. General North Carolina Sale of Corporate Equipment Agreement: This is a standard agreement that can be used for the sale of various types of corporate equipment. 2. North Carolina Computer Equipment Sale Agreement: This agreement explicitly caters to the sale of computer equipment such as laptops, desktops, or servers. 3. North Carolina Manufacturing Equipment Sale Agreement: This agreement focuses specifically on the sale of manufacturing equipment, including machinery, tools, or industrial appliances. 4. North Carolina Medical Equipment Sale Agreement: This type of agreement is designed for the sale of medical equipment, such as devices used in hospitals, clinics, or laboratories. It is important to note that these are sample agreements, and it is advisable to consult with legal professionals to ensure compliance with relevant laws and to tailor the agreement to the specific details of the transaction.
North Carolina Sample Agreement Re Sale of Corporate Equipment
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Affordable business financing. Crazy fast.Identity of the Parties/Date of Agreement. The first topic a sales contract should address is the identity of the parties.Description of Goods and/or Services. A sales contract should also address what is being bought or sold.Payment.Delivery.Miscellaneous Provisions.Samples.
How to write a real estate purchase agreement.Identify the address of the property being purchased, including all required legal descriptions.Identify the names and addresses of both the buyer and the seller.Detail the price of the property and the terms of the purchase.Set the closing date and closing costs.More items...
Parts of an Asset Purchase AgreementRecitals. The opening paragraph of an asset purchase agreement includes the buyer and seller's name and address as well as the date of signing.Definitions.Purchase Price and Allocation.Closing Terms.Warranties.Covenants.Indemnification.Governance.More items...
Any purchase agreement should include at least the following information:The identity of the buyer and seller.A description of the property being purchased.The purchase price.The terms as to how and when payment is to be made.The terms as to how, when, and where the goods will be delivered to the purchaser.More items...?
In an asset purchase, the buyer will only buy certain assets of the seller's company. The seller will continue to own the assets that were not included in the purchase agreement with the buyer. The transfer of ownership of certain assets may need to be confirmed with filings, such as titles to transfer real estate.
How to Write a Sales AgreementStep 1 Identify Party Information.Step 2 Provide a Description of the Goods.Step 3 Include the Purchase Price and Payment Information.Step 4 Determine Delivery Method.Step 5 Allocate Risk of Loss.Step 6 Include a Right of Inspection Provision.Step 7 Establish Warranties.More items...
Provisions of an APA may include payment of purchase price, monthly installments, liens and encumbrances on the assets, condition precedent for the closing, etc. An APA differs from a stock purchase agreement (SPA) under which company shares, title to assets, and title to liabilities are also sold.
How to Write an Equipment Bill of SaleStep 1 The Parties. Provide the Buyer's Name. Enter the Seller's Name. Enter the agreed purchase price.Step 2 Description. Enter a description of the tool(s) and/or heavy or light machinery. Make. Model. Year.Step 3 Signatures. Buyer's Signature. Date of Signature. Printed Name.
An asset purchase involves just the assets of a company. In either format, determining what is being acquired is critical. This article focuses on some of the important categories of assets to consider in a business purchase: real estate, personal property, and intellectual property.
Essential elements of an agreement of sale of immovable property are: parties (buyer & seller); price (purchase price); subject of sale (immovable property); prescribed formalities (agreement must be in writing and signed by the parties).