EQUIPMENT PURCHASE AND SALE AGREEMENT
Governed by Pennsylvania UCC Article 2 (13 Pa. C.S. Section 2101 et seq.).
KEY PROVISIONS
- Late Payment: 6% per annum statutory rate (41 P.S. Section 202); parties may contract for higher
- Risk of Loss: 13 Pa. C.S. Section 2509
- Inspection/Rejection: 13 Pa. C.S. Sections 2513, 2601, 2602
- Warranties: 13 Pa. C.S. Sections 2314, 2315, 2316
- Remedies: 13 Pa. C.S. Sections 2706, 2712, 2718, 2719
- Trade Secrets: Pennsylvania UTSA (12 Pa. C.S. Section 5301 et seq.)
- E-Signatures: Pennsylvania UETA (73 P.S. Section 2260.101 et seq.)
- Forum: Court of Common Pleas, Philadelphia County or Allegheny County
EXECUTION
☐ All placeholders completed ☐ Pennsylvania-licensed counsel review