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New Mexico Contracts Agreements
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Sales Agreement - Equipment - Free Editor

EQUIPMENT PURCHASE AND SALE AGREEMENT

Governed by New Mexico UCC Article 2 (N.M. Stat. Ann. Section 55-2-101 et seq.).

KEY PROVISIONS

  • Late Payment: 15% per annum statutory rate (N.M. Stat. Ann. Section 56-8-4)
  • Risk of Loss: N.M. Stat. Ann. Section 55-2-509
  • Inspection/Rejection: N.M. Stat. Ann. Sections 55-2-513, 55-2-601, 55-2-602
  • Warranties: N.M. Stat. Ann. Sections 55-2-314, 55-2-315, 55-2-316
  • Remedies: N.M. Stat. Ann. Sections 55-2-706, 55-2-712, 55-2-718, 55-2-719
  • Trade Secrets: New Mexico UTSA (N.M. Stat. Ann. Section 57-3A-1 et seq.)
  • E-Signatures: New Mexico UETA (N.M. Stat. Ann. Section 14-16-1 et seq.)
  • Forum: District Court for Bernalillo County or Santa Fe County

EXECUTION

☐ All placeholders completed ☐ New Mexico-licensed counsel review

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Sales Agreement - Equipment

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