Sales Agreement - Equipment - Free Editor
EQUIPMENT PURCHASE AND SALE AGREEMENT
Governed by Virginia UCC Article 2 (Va. Code Section 8.2-101 et seq.).
KEY PROVISIONS
- Late Payment: 6% per annum statutory rate (Va. Code Section 6.2-301); 12% by contract
- Risk of Loss: Va. Code Section 8.2-509
- Inspection/Rejection: Va. Code Sections 8.2-513, 8.2-601, 8.2-602
- Warranties: Va. Code Sections 8.2-314, 8.2-315, 8.2-316
- Remedies: Va. Code Sections 8.2-706, 8.2-712, 8.2-718, 8.2-719
- Trade Secrets: Virginia UTSA (Va. Code Section 59.1-336 et seq.)
- E-Signatures: Virginia UETA (Va. Code Section 59.1-479 et seq.)
- Forum: Circuit Court for Fairfax County or Richmond City
EXECUTION
☐ All placeholders completed ☐ Virginia-licensed counsel review
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