Sales Agreement - Equipment - Free Editor
EQUIPMENT PURCHASE AND SALE AGREEMENT
Governed by Massachusetts UCC Article 2 (M.G.L. c. 106 Section 2-101 et seq.).
KEY PROVISIONS
- Late Payment: 6% per annum default (M.G.L. c. 107 Section 3); parties may agree to 18% for business debts (M.G.L. c. 231 Section 6C)
- Risk of Loss: M.G.L. c. 106 Section 2-509
- Inspection/Rejection: M.G.L. c. 106 Sections 2-513, 2-601, 2-602
- Warranties: M.G.L. c. 106 Sections 2-314, 2-315, 2-316
- Remedies: M.G.L. c. 106 Sections 2-706, 2-712, 2-718, 2-719
- Trade Secrets: Massachusetts Trade Secrets Act (M.G.L. c. 93 Section 42)
- E-Signatures: Massachusetts UETA (M.G.L. c. 110G)
- Forum: Suffolk County, Massachusetts
EXECUTION
☐ All placeholders completed ☐ Massachusetts-licensed counsel review
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