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