Sales Agreement - Equipment - Free Editor
EQUIPMENT PURCHASE AND SALE AGREEMENT
Governed by Minnesota UCC Article 2 (Minn. Stat. Section 336.2-101 et seq.).
KEY PROVISIONS
- Late Payment: 6% per annum statutory rate (Minn. Stat. Section 334.01); up to 8% by contract
- Risk of Loss: Minn. Stat. Section 336.2-509
- Inspection/Rejection: Minn. Stat. Sections 336.2-513, 336.2-601, 336.2-602
- Warranties: Minn. Stat. Sections 336.2-314, 336.2-315, 336.2-316
- Remedies: Minn. Stat. Sections 336.2-706, 336.2-712, 336.2-718, 336.2-719
- Trade Secrets: Minnesota UTSA (Minn. Stat. Section 325C.01 et seq.)
- E-Signatures: Minnesota UETA (Minn. Stat. Section 325L.01 et seq.)
- Forum: District Court, Hennepin County or Ramsey County
EXECUTION
☐ All placeholders completed ☐ Minnesota-licensed counsel review
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