Free template
Equipment Purchase Agreement
Clearly define terms for buying and selling equipment with this Equipment Purchase Agreement Template.
Downloaded 2044 times
Equipment Purchase Agreement Template
This Equipment Purchase Agreement (“Agreement”) is entered into on [Date], by and between:
Seller: [Full Legal Name / Company Name]
Address: [Address]
Contact: [Phone, Email]
Buyer: [Full Legal Name / Company Name]
Address: [Address]
Contact: [Phone, Email]
Together referred to as the “Parties.”
1. Equipment Description
The Seller agrees to sell and the Buyer agrees to purchase the following equipment:
[List detailed description, including make, model, serial number, condition, and quantity].
2. Purchase Price and Payment Terms
Total Purchase Price: $[Amount].
Payment Schedule: [Deposit of $X due on signing, balance due on delivery].
Payment Method: [Wire transfer / Check / Other].
Late Payment: [X]% interest per month on overdue amounts.
3. Delivery and Transfer of Title
Delivery Date: [Date].
Delivery Location: [Location].
Risk of loss passes to Buyer upon [delivery / installation].
Title transfers upon receipt of full payment.
4. Inspection and Acceptance
Buyer shall have [X] days to inspect the equipment after delivery.
If the equipment fails to meet specifications, Buyer may reject it by providing written notice within the inspection period.
5. Warranties
Seller warrants that it has good and marketable title to the equipment, free of liens and encumbrances.
Additional warranties: [e.g., equipment free from defects for X months].
Disclaimer: Except as stated, the equipment is sold “as-is.”
6. Representations of the Buyer
The Buyer represents that it has reviewed the equipment specifications and is financially capable of completing the purchase.
7. Taxes and Fees
Buyer shall be responsible for all applicable taxes, duties, and registration fees related to the purchase.
8. Indemnification
Each Party agrees to indemnify and hold harmless the other from any claims, damages, or liabilities arising from their respective breaches of this Agreement.
9. Default and Remedies
If either Party fails to perform its obligations, the non-defaulting Party may seek remedies including termination, damages, or specific performance.
10. Governing Law
This Agreement shall be governed by the laws of [State/Country].
11. Entire Agreement
This Agreement constitutes the entire understanding between the Parties and supersedes all prior agreements.
12. Signatures
Seller: ____________________________ Date: _________
Name/Title: _________________________________________
Buyer: ____________________________ Date: _________
Name/Title: _________________________________________
Generate
Generate
Generate
Equipment Purchase Agreement
Equipment Purchase Agreement
Equipment Purchase Agreement
in seconds with AI
in seconds with AI
in seconds with AI
Save time and avoid mistakes!
Try for Free
Details
Learn more about
Equipment Purchase Agreement
Click below for detailed info on the template.
For quick answers, scroll below to see the FAQ.
Click below for detailed info on the template.
For quick answers, scroll below to see the FAQ.
EQUIPMENT PURCHASE AGREEMENT FAQ
What is an Equipment Purchase Agreement?
An Equipment Purchase Agreement is a legally binding contract between a buyer and a seller outlining the terms of purchasing equipment, including specifications, purchase price, delivery, and warranties.
Why is an Equipment Purchase Agreement important?
It ensures clarity in the transaction, protects both parties from misunderstandings, and establishes enforceable rights and obligations. It also helps with financing, tax compliance, and risk management.
When should you use an Equipment Purchase Agreement?
Use it whenever equipment—such as machinery, vehicles, office technology, or industrial tools—is being sold and ownership is being transferred, whether in a one-time sale or part of a larger transaction.
What should an Equipment Purchase Agreement include?
It should specify the equipment being sold, purchase price, payment terms, delivery details, warranties, liability allocation, and governing law. Optional clauses may cover inspections, financing contingencies, and installation.
Is an Equipment Purchase Agreement the same as an Equipment Lease Agreement?
No. A purchase agreement transfers ownership of equipment to the buyer, while a lease agreement grants temporary use of equipment without transfer of ownership.
Need a customized Equipment Purchase Agreement?
Use our AI-powered builder to generate a tailored Equipment Purchase Agreement in minutes—professional, detailed, and ready for execution.
Similar templates
Other templates from
B2B Legal Documents
Money back guarantee
Free trial
Cancel anytime
AI Lawyer protects
your rights and wallet
Money back guarantee
Free trial
Cancel anytime
AI Lawyer protects
your rights and wallet
Money back guarantee
Free trial
Cancel anytime
AI Lawyer protects
your rights and wallet
Money back guarantee
Free trial
Cancel anytime