Sales Agreement - Equipment - Free Editor
EQUIPMENT PURCHASE AND SALE AGREEMENT
Governed by Ohio UCC Article 2 (Ohio Rev. Code Section 1302.01 et seq.).
KEY PROVISIONS
- Late Payment: Federal short-term rate + 3% (Ohio Rev. Code Section 1343.03); parties may contract for higher
- Risk of Loss: Ohio Rev. Code Section 1302.52
- Inspection/Rejection: Ohio Rev. Code Sections 1302.56, 1302.61, 1302.62
- Warranties: Ohio Rev. Code Sections 1302.27, 1302.28, 1302.29
- Remedies: Ohio Rev. Code Sections 1302.82, 1302.85, 1302.89, 1302.93
- Trade Secrets: Ohio UTSA (Ohio Rev. Code Section 1333.61 et seq.)
- E-Signatures: Ohio UETA (Ohio Rev. Code Section 1306.01 et seq.)
- Forum: Court of Common Pleas, Franklin County or Cuyahoga County
EXECUTION
☐ All placeholders completed ☐ Ohio-licensed counsel review
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