EQUIPMENT PURCHASE AND SALE AGREEMENT
Governed by Utah UCC Article 2 (Utah Code Section 70A-2-101 et seq.).
KEY PROVISIONS
- Late Payment: Federal post-judgment rate; 10% by contract (Utah Code Section 15-1-1)
- Risk of Loss: Utah Code Section 70A-2-509
- Inspection/Rejection: Utah Code Sections 70A-2-513, 70A-2-601, 70A-2-602
- Warranties: Utah Code Sections 70A-2-314, 70A-2-315, 70A-2-316
- Remedies: Utah Code Sections 70A-2-706, 70A-2-712, 70A-2-718, 70A-2-719
- Trade Secrets: Utah UTSA (Utah Code Section 13-24-1 et seq.)
- E-Signatures: Utah UETA (Utah Code Section 46-4-101 et seq.)
- Forum: District Court for Salt Lake County or Utah County
EXECUTION
☐ All placeholders completed ☐ Utah-licensed counsel review