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Michigan Contracts Agreements
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Sales Agreement - Equipment - Free Editor

EQUIPMENT PURCHASE AND SALE AGREEMENT

Governed by Michigan UCC Article 2 (MCL 440.2101 et seq.).

KEY PROVISIONS

  • Late Payment: 5% per annum statutory rate (MCL 438.31); up to 7% by contract (MCL 438.31)
  • Risk of Loss: MCL 440.2509
  • Inspection/Rejection: MCL 440.2513, 440.2601, 440.2602
  • Warranties: MCL 440.2314, 440.2315, 440.2316
  • Remedies: MCL 440.2706, 440.2712, 440.2718, 440.2719
  • Trade Secrets: Michigan UTSA (MCL 445.1901 et seq.)
  • E-Signatures: Michigan UETA (MCL 450.831 et seq.)
  • Forum: Circuit Court for Wayne County or Oakland County

EXECUTION

☐ All placeholders completed ☐ Michigan-licensed counsel review

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Sales Agreement - Equipment

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