EQUIPMENT PURCHASE AND SALE AGREEMENT
Governed by Rhode Island UCC Article 2 (R.I. Gen. Laws Section 6A-2-101 et seq.).
KEY PROVISIONS
- Late Payment: 12% per annum statutory rate (R.I. Gen. Laws Section 6-26-1)
- Risk of Loss: R.I. Gen. Laws Section 6A-2-509
- Inspection/Rejection: R.I. Gen. Laws Sections 6A-2-513, 6A-2-601, 6A-2-602
- Warranties: R.I. Gen. Laws Sections 6A-2-314, 6A-2-315, 6A-2-316
- Remedies: R.I. Gen. Laws Sections 6A-2-706, 6A-2-712, 6A-2-718, 6A-2-719
- Trade Secrets: Rhode Island UTSA (R.I. Gen. Laws Section 6-41-1 et seq.)
- E-Signatures: Rhode Island UETA (R.I. Gen. Laws Section 42-127.1-1 et seq.)
- Forum: Superior Court for Providence County
EXECUTION
☐ All placeholders completed ☐ Rhode Island-licensed counsel review