Sales Agreement - Equipment - Free Editor
EQUIPMENT PURCHASE AND SALE AGREEMENT
Governed by North Carolina UCC Article 2 (N.C. Gen. Stat. Section 25-2-101 et seq.).
KEY PROVISIONS
- Late Payment: 8% per annum statutory rate (N.C. Gen. Stat. Section 24-1)
- Risk of Loss: N.C. Gen. Stat. Section 25-2-509
- Inspection/Rejection: N.C. Gen. Stat. Sections 25-2-513, 25-2-601, 25-2-602
- Warranties: N.C. Gen. Stat. Sections 25-2-314, 25-2-315, 25-2-316
- Remedies: N.C. Gen. Stat. Sections 25-2-706, 25-2-712, 25-2-718, 25-2-719
- Trade Secrets: North Carolina Trade Secrets Protection Act (N.C. Gen. Stat. Section 66-152 et seq.)
- E-Signatures: North Carolina UETA (N.C. Gen. Stat. Section 66-311 et seq.)
- Forum: Superior Court for Wake County or Mecklenburg County
EXECUTION
☐ All placeholders completed ☐ North Carolina-licensed counsel review
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