Used Equipment Sale Agreement

Document Summary

This template is used to record the agreement between a seller and a purchaser to purchase used equipment. In this agreement, the parties agree on the price, description, and delivery terms of the equipment.   

Description

This agreement includes a table that is left blank intentionally to be filled in by the parties, it is titled “Details of Used Equipment and Purchase Price”.

This agreement includes the following sections:

1. Preamble
2. Effective Date
3. Consideration
4. Description of the Used Equipment
5. Terms of Payment
6. Delivery of the Used Equipment
7. Removal of the Used Equipment
8. Title and Risk of Loss
9. Purchaser’s Covenant
10. Warranty
11. Indemnity
12. Inspection
13. Warning of Hazards
14. Hazardous Chemicals and Other Hazardous Materials
15. Seller's Liability
16. Failure to Perform
17. Force Majeure
18. Assignment
19. Miscellaneous
20. No Variation
21. Termination
22. Governing Law and Jurisdiction

Jurisdiction

This document is intended for use in the United Arab Emirates.

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.