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Used Equipment Sale Agreement
"Need a Used Equipment Sale Agreement for selling our manufacturing plant's 5-year-old CNC machine to a buyer in Malaysia, with specific warranties about its maintenance history and current condition, to be completed by March 2025."
1. Parties: Identification and details of seller and buyer
2. Background: Context of the sale and brief description of equipment
3. Definitions: Key terms used throughout the agreement
4. Equipment Description: Detailed specification of equipment being sold
5. Purchase Price and Payment: Price, payment terms, and method
6. Delivery and Transfer of Title: Delivery terms and passage of ownership
7. Condition of Equipment: Current state, wear and tear, known defects
8. Warranties and Representations: Seller's warranties regarding equipment condition and ownership
1. Inspection Period: Terms for buyer's inspection rights before finalizing sale
2. Training and Support: Terms for operational training or technical support for complex equipment
3. Export/Import Requirements: Compliance with international trade regulations for cross-border transactions
4. Installation: Terms for equipment installation services if included
1. Equipment Specification Schedule: Detailed technical specifications and photographs
2. Maintenance History: Records of previous maintenance and repairs
3. Inspection Report: Current condition assessment and any identified issues
4. Payment Schedule: Details of payment installments if applicable
5. Operating Manual: Equipment operation and maintenance instructions
Authors
Equipment
Purchase Price
Completion Date
Delivery Date
Delivery Location
Effective Date
Encumbrance
Inspection Period
Intellectual Property Rights
Maintenance Records
Operating Manual
Payment Terms
Seller's Warranties
Specifications
Transfer Date
Working Day
Defects
Fair Wear and Tear
Force Majeure Event
GST
Insolvency Event
Losses
Material Adverse Change
Permitted Use
Representatives
Safety Requirements
Technical Documentation
Title
Warranty Period
Purchase Price and Payment
Delivery
Title and Risk
Equipment Condition
Warranties and Representations
Inspection Rights
Equipment Acceptance
Documentation Transfer
Intellectual Property
Liability Limitations
Insurance
Force Majeure
Confidentiality
Health and Safety
Maintenance Records
Training and Support
Termination
Assignment
Governing Law
Dispute Resolution
Notices
Entire Agreement
Severability
Amendments
Third Party Rights
Costs and Expenses
Waiver
Indemnification
Compliance with Laws
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