Sales Agreement - Equipment - Free Editor
EQUIPMENT PURCHASE AND SALE AGREEMENT
Governed by New Jersey UCC Article 2 (N.J. Stat. Ann. Section 12A:2-101 et seq.).
KEY PROVISIONS
- Late Payment: 6% per annum statutory rate (N.J. Stat. Ann. Section 31:1-1); up to 16% by contract
- Risk of Loss: N.J. Stat. Ann. Section 12A:2-509
- Inspection/Rejection: N.J. Stat. Ann. Sections 12A:2-513, 12A:2-601, 12A:2-602
- Warranties: N.J. Stat. Ann. Sections 12A:2-314, 12A:2-315, 12A:2-316
- Remedies: N.J. Stat. Ann. Sections 12A:2-706, 12A:2-712, 12A:2-718, 12A:2-719
- Trade Secrets: New Jersey Trade Secrets Act (N.J. Stat. Ann. Section 56:15-1 et seq.)
- E-Signatures: New Jersey UETA (N.J. Stat. Ann. Section 12A:12-1 et seq.)
- Forum: Superior Court, Essex County or Middlesex County
EXECUTION
☐ All placeholders completed ☐ New Jersey-licensed counsel review
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