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Tennessee Contracts Agreements
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Sales Agreement - Equipment - Free Editor

EQUIPMENT PURCHASE AND SALE AGREEMENT

Governed by Tennessee UCC Article 2 (Tenn. Code Ann. Section 47-2-101 et seq.).

KEY PROVISIONS

  • Late Payment: 10% per annum statutory rate (Tenn. Code Ann. Section 47-14-103)
  • Risk of Loss: Tenn. Code Ann. Section 47-2-509
  • Inspection/Rejection: Tenn. Code Ann. Sections 47-2-513, 47-2-601, 47-2-602
  • Warranties: Tenn. Code Ann. Sections 47-2-314, 47-2-315, 47-2-316
  • Remedies: Tenn. Code Ann. Sections 47-2-706, 47-2-712, 47-2-718, 47-2-719
  • Trade Secrets: Tennessee UTSA (Tenn. Code Ann. Section 47-25-1701 et seq.)
  • E-Signatures: Tennessee UETA (Tenn. Code Ann. Section 47-10-101 et seq.)
  • Forum: Circuit Court for Davidson County or Shelby County

EXECUTION

☐ All placeholders completed ☐ Tennessee-licensed counsel review

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Sales Agreement - Equipment

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