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Sales Agreement - Equipment - Free Editor

EQUIPMENT PURCHASE AND SALE AGREEMENT

Governed by Nebraska UCC Article 2 (Neb. Rev. Stat. Section 2-101 et seq.).

KEY PROVISIONS

  • Late Payment: 6% per annum statutory rate (Neb. Rev. Stat. Section 45-104); up to 16% by contract
  • Risk of Loss: Neb. Rev. Stat. UCC Section 2-509
  • Inspection/Rejection: Neb. Rev. Stat. UCC Sections 2-513, 2-601, 2-602
  • Warranties: Neb. Rev. Stat. UCC Sections 2-314, 2-315, 2-316
  • Remedies: Neb. Rev. Stat. UCC Sections 2-706, 2-712, 2-718, 2-719
  • Trade Secrets: Nebraska Trade Secrets Act (Neb. Rev. Stat. Section 87-501 et seq.)
  • E-Signatures: Nebraska UETA (Neb. Rev. Stat. Section 86-611 et seq.)
  • Forum: District Court for Lancaster County or Douglas County

EXECUTION

☐ All placeholders completed ☐ Nebraska-licensed counsel review

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Sales Agreement - Equipment

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