Sales Agreement - Equipment - Free Editor
EQUIPMENT PURCHASE AND SALE AGREEMENT
Governed by South Dakota UCC Article 2 (SDCL Section 57A-2-101 et seq.).
KEY PROVISIONS
- Late Payment: 12% per annum statutory rate (SDCL Section 54-3-4); 15% by contract (SDCL Section 54-3-16)
- Risk of Loss: SDCL Section 57A-2-509
- Inspection/Rejection: SDCL Sections 57A-2-513, 57A-2-601, 57A-2-602
- Warranties: SDCL Sections 57A-2-314, 57A-2-315, 57A-2-316
- Remedies: SDCL Sections 57A-2-706, 57A-2-712, 57A-2-718, 57A-2-719
- Trade Secrets: South Dakota UTSA (SDCL Section 37-29-1 et seq.)
- E-Signatures: South Dakota UETA (SDCL Section 53-12-1 et seq.)
- Forum: Circuit Court for Minnehaha County or Pennington County
EXECUTION
☐ All placeholders completed ☐ South Dakota-licensed counsel review
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