Sales Agreement - Equipment - Free Editor
EQUIPMENT PURCHASE AND SALE AGREEMENT
Governed by Maine UCC Article 2 (11 M.R.S. Section 2-101 et seq.).
KEY PROVISIONS
- Late Payment: 6% per annum default (9-A M.R.S. Section 1-201); up to 15% by contract
- Risk of Loss: 11 M.R.S. Section 2-509
- Inspection/Rejection: 11 M.R.S. Sections 2-513, 2-601, 2-602
- Warranties: 11 M.R.S. Sections 2-314, 2-315, 2-316
- Remedies: 11 M.R.S. Sections 2-706, 2-712, 2-718, 2-719
- Trade Secrets: Maine UTSA (10 M.R.S. Section 1541 et seq.)
- E-Signatures: Maine UETA (10 M.R.S. Section 9401 et seq.)
- Forum: Superior Court, Cumberland County or Kennebec County
EXECUTION
☐ All placeholders completed ☐ Maine-licensed counsel review
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