Equipment Purchase Agreement Template: Price & Delivery

Typical length: 4-6 pages
AI Assisted
Export: PDF & DOCX
Multi-jurisdiction ready

Get your custom agreement in minutes Create Agreement

4.8 Rating Downloaded 3264 times

Google For Startups NVIDIA Inception Program

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.

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.

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.

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.”

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: _________________________________________

Download Free Template

Get your complete
agreement in minutes

Select a template

Each template already follows legal structure and best practices.

Provide details

The agreement is automatically filled and adapted to your inputs.

Review & download

Check the generated document, make edits if needed, and download a ready-to-use agreement.

Details

Learn more about

Equipment Purchase Agreement Template: Price & Delivery

Click below for detailed info on the template.
For quick answers, scroll below to see the FAQ.

Learn more

Frequently asked

Equipment Purchase Agreement Template — quick answers

Reviewed July 2026 Free download, PDF & DOCX

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.