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Louisiana Contracts Agreements
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Sales Agreement - Equipment - Free Editor

EQUIPMENT PURCHASE AND SALE AGREEMENT

Governed by Louisiana Civil Code and Louisiana UCC (La. R.S. Section 10:2-101 et seq.). Note: Louisiana is a civil law state with unique provisions.

KEY PROVISIONS

  • Late Payment: Legal interest rate set by statute (La. R.S. Section 13:4202); typically 12% per annum on judgments
  • Risk of Loss: La. R.S. Section 10:2-509
  • Inspection/Rejection: La. R.S. Sections 10:2-513, 10:2-601, 10:2-602
  • Warranties: La. R.S. Sections 10:2-314, 10:2-315, 10:2-316; also La. Civ. Code redhibition provisions
  • Remedies: La. R.S. Sections 10:2-706, 10:2-712, 10:2-718, 10:2-719
  • Trade Secrets: Louisiana UTSA (La. R.S. Section 51:1431 et seq.)
  • E-Signatures: Louisiana UETA (La. R.S. Section 9:2601 et seq.)
  • Forum: Orleans Parish or East Baton Rouge Parish, Louisiana

EXECUTION

☐ All placeholders completed ☐ Louisiana-licensed counsel review

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