EQUIPMENT PURCHASE AND SALE AGREEMENT
Governed by West Virginia UCC Article 2 (W. Va. Code Section 46-2-101 et seq.).
KEY PROVISIONS
- Late Payment: 6% per annum statutory rate (W. Va. Code Section 47-6-5); 8% by contract
- Risk of Loss: W. Va. Code Section 46-2-509
- Inspection/Rejection: W. Va. Code Sections 46-2-513, 46-2-601, 46-2-602
- Warranties: W. Va. Code Sections 46-2-314, 46-2-315, 46-2-316
- Remedies: W. Va. Code Sections 46-2-706, 46-2-712, 46-2-718, 46-2-719
- Trade Secrets: West Virginia UTSA (W. Va. Code Section 47-22-1 et seq.)
- E-Signatures: West Virginia UETA (W. Va. Code Section 39A-1-1 et seq.)
- Forum: Circuit Court for Kanawha County or Cabell County
EXECUTION
☐ All placeholders completed ☐ West Virginia-licensed counsel review