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Maryland Contracts Agreements
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Sales Agreement - Equipment - Free Editor

EQUIPMENT PURCHASE AND SALE AGREEMENT

Governed by Maryland UCC Article 2 (Md. Code Com. Law Section 2-101 et seq.).

KEY PROVISIONS

  • Late Payment: 6% per annum default (Md. Code Courts & Jud. Proc. Section 11-107); up to 8% by contract
  • Risk of Loss: Md. Code Com. Law Section 2-509
  • Inspection/Rejection: Md. Code Com. Law Sections 2-513, 2-601, 2-602
  • Warranties: Md. Code Com. Law Sections 2-314, 2-315, 2-316
  • Remedies: Md. Code Com. Law Sections 2-706, 2-712, 2-718, 2-719
  • Trade Secrets: Maryland UTSA (Md. Code Com. Law Section 11-1201 et seq.)
  • E-Signatures: Maryland UETA (Md. Code Com. Law Section 21-101 et seq.)
  • Forum: Circuit Court for Baltimore City or Montgomery County

EXECUTION

☐ All placeholders completed ☐ Maryland-licensed counsel review

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