EQUIPMENT PURCHASE AND SALE AGREEMENT
Governed by Wisconsin UCC Article 2 (Wis. Stat. Section 402.101 et seq.).
KEY PROVISIONS
- Late Payment: 5% per annum statutory rate (Wis. Stat. Section 138.04); up to 12% by contract
- Risk of Loss: Wis. Stat. Section 402.509
- Inspection/Rejection: Wis. Stat. Sections 402.513, 402.601, 402.602
- Warranties: Wis. Stat. Sections 402.314, 402.315, 402.316
- Remedies: Wis. Stat. Sections 402.706, 402.712, 402.718, 402.719
- Trade Secrets: Wisconsin UTSA (Wis. Stat. Section 134.90)
- E-Signatures: Wisconsin UETA (Wis. Stat. Section 137.11 et seq.)
- Forum: Circuit Court for Dane County or Milwaukee County
EXECUTION
☐ All placeholders completed ☐ Wisconsin-licensed counsel review