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Agreement for Sale of Equipment with No Warranty

Category:
Contracts - Equipment
State:
Multi-State
Control #:
US-0776BG
Format:
Word; 
Rich Text
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Description

A sale of goods is a present transfer of title to movable property for a price. This price may be a payment of money, an exchange of other property, or the performance of services. The parties to a sale are the person who owns the goods and the person to whom the title is transferred. The transferor is the seller or vendor, and the transferee is the buyer or vendee.
In this form, the Equipment is sold As Is. There is no warranty for any defect or defects in the Equipment.

An Agreement for Sale of Equipment with No Warranty is a contract between the seller (vendor) and the buyer (purchaser) in which the seller agrees to sell equipment, with no warranty, to the buyer for a specified price. This agreement outlines the terms of the sale, including the buyer's payment obligations, the seller's responsibilities, and any other relevant details. It is important to note that this type of agreement does not provide any warranty or guarantee as to the quality or performance of the equipment. Types of Agreement for Sale of Equipment with No Warranty include: 1. Equipment Sales Agreement: This agreement includes the sale of equipment, with no warranty, between two parties. It outlines the terms of the sale, including the buyer's payment obligations, the seller's responsibilities, and any other relevant details. 2. Equipment Lease Agreement: This agreement includes the lease of equipment, with no warranty, between two parties. It outlines the terms of the lease, including the lessee's payment obligations, the lessor's responsibilities, and any other relevant details. 3. Equipment Purchase Agreement: This agreement includes the purchase of equipment, with no warranty, between two parties. It outlines the terms of the purchase, including the buyer's payment obligations, the seller's responsibilities, and any other relevant details.

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FAQ

An as-is bill of sale means a buyer is purchasing an item in its present condition with all faults, visible or not. No warranty or guarantee is made by the seller. After the transaction is complete and the bill of sale is signed, ownership and title will transfer to the buyer.

The agreement describes the assets that will be purchased, including important details like price, warranties, and breach of contract provisions. With contract management software, your company is able to manage these complex agreements effectively.

Among the terms typically included in the agreement are the purchase price, the closing date, the amount of earnest money that the buyer must submit as a deposit, and the list of items that are and are not included in the sale.

What Should be in the Equipment Purchase Agreement? The Name of the Buyer.The Name of the Seller.The Agreement.Delivery and Acceptance.Purchase Payments.Title to Equipment.Maintenance and Repair.Damage to the Equipment; Destroyed or Stolen Equipment.

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

Elements of a sales agreement Buyer and seller names and contact information. Description of goods, services, or property being purchased. Payment amount, dates, and method. Liability of each party in the case of loss, damage, or delivery failure. Ownership information, such as when ownership formally transfers to the buyer.

THE SERVICES ARE PROVIDED ?AS IS.? WE MAKE NO REPRESENTATION OR WARRANTY OF ANY KIND WHATSOEVER TO YOU OR ANY OTHER PERSON RELATING IN ANY WAY TO THE SERVICES, INCLUDING ANY PART THEREOF, OR ANY WEB SITE OR OTHER CONTENT OR SERVICE THAT MAY BE ACCESSIBLE DIRECTLY OR INDIRECTLY THROUGH THE SERVICES.

What is an Equipment Purchase Agreement? An equipment purchase agreement is an agreement between a purchaser and a seller of equipment. Typically used by businesses, the equipment purchase agreement outlines the rights and obligations of both parties in the transaction.

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More info

Representations and Warranties of Buyer. "A clause in an agreement providing that the buyer accepts the item for sale in its presently existing condition without modification or repair.The Client agrees to accept the equipment as-is, without warranty. Any repairs or maintenance are the full responsibility of the Client. In this provision, you should describe what the seller is selling to the buyer as well as any exclusions that apply. Agreement. If Customer has not otherwise agreed to these Terms of Sale, then Big. The terms of this Agreement shall govern. Assignment; Binding Effect.

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