Equipment Purchase Agreement Template: What's Included
Jump to Section
Quick Facts — Equipment Purchase Agreement Template Lawyers
- Avg cost to review an Equipment Purchase Agreement: $450.00
- Lawyers available: 34 business lawyers
- Clients helped: 14 recent equipment purchase agreement template projects
Find Equipment Purchase Agreement Template by Types
Templates created by lawyers on the ContractsCounsel platform
100% Lawyer Drafted
100% Lawyer Drafted
100% Lawyer Drafted
100% Lawyer Drafted
If you’re purchasing or selling equipment, you should sign an agreement to clarify payment schedules, equipment condition, and other important terms. This ensures that both parties are on the same page and can avoid disputes.
You don’t have to draft an equipment purchase agreement yourself. On ContractsCounsel, you can purchase a template that’s been drafted by a vetted lawyer on the platform. This template is clear, easy to understand, and legal to cover all key aspects of your transaction.
In this article, we explore what’s included in an equipment purchase agreement template, guide you on how to fill it out, and provide you with benefits of purchasing the template from ContractsCounsel.
What’s Included in an Equipment Purchase Agreement?
Key aspects and terms in ContractsCounsel’s equipment purchase agreement include the following:
Equipment Description
To ensure transparency, the template includes information about the equipment being sold. You’ll fill out important details, such as a description of its appearance and condition, as well as serial numbers, if applicable.
Purchase Price and Payment Terms
This section specifies how much the equipment is sold for and how it will be paid, such as if it will be paid in full during the sale or in installments over a specific amount of time.
Inspection
The buyer might wish to have an equipment inspection prior to purchasing it. The agreement must state that they acknowledge that they can have an inspection should they feel it necessary.
Delivery
It’s important to explain how the equipment will be delivered. The template provides different options, such as if the buyer or seller will be responsible for transportation costs.
Default and Remedies
This section outlines what to do if either party fails to meet their duties. For example, keeping the deposit or terminating the agreement.
How to Fill out the Equipment Purchase Agreement Template
The template offers customization so you can tailor it to your specific situation. Here is how to fill it out.
Step 1: At the start of the agreement template, you should enter the date of the agreement, as well as both parties’ full names and addresses.
Step 2: Fill out the details of the equipment, such as serial numbers, make, model, quantity, and condition.
Step 3: Write the purchase price and specify if it will be paid at the time of sale or via installments. Specify the method of payment, such as money order or check.
If you choose payment via installments:
- Write the amount for an initial deposit and the date by when it will be paid.
- Fill out the remaining balance and specify how it will be paid.
Step 4: Select if the sale is “as is” without warranties or if there are certain warranties. In the space provided, mention any applicable warranties.
Step 5: Choose the delivery method, such as if the buyer will pick it up at a specific location, or if the seller will send it to the buyer’s location. Include the date when either will occur.
Step 6: Specify when risk of loss or damage passes to the buyer: tick a box if this happens upon delivery to the buyer’s location or if it occurs when the buyer picks up the equipment.
Step 7: Fill out any defects or issues with the equipment in the space provided, if applicable.
Step 8: Tick the applicable box for legal remedies if the other party doesn’t meet their obligation.
- If you’re the seller, you can choose to keep the deposit or seek other legal remedies.
- If you’re the buyer, you can select agreement termination and keep the deposit or seek other legal remedies.
Step 9: Choose which state’s laws govern the agreement.
Step 10: At the end of the template, both buyer and seller should fill in their names, signatures, and the date.
Why Should You Buy an Equipment Purchase Agreement Template?
ContractsCounsel’s equipment purchase agreement template is:
- Affordable. It only costs $29.
- Downloadable. After completing payment, you’ll download the template to your device.
- Legally drafted. Professional lawyers on the platform have drafted the agreement template so it’s clear, legally sound, and comprehensive.
- Editable. You can personalize the contract with specific details so that it’s tailored to your situation.
- Available for consultation. If you want to consult with the lawyer who drafted the template, you can do this for an additional charge.
Ready to buy an equipment purchase agreement template?
Visit ContractsCounsel’s equipment template purchase page. Enter your card details and billing address so you’ll complete payment. Once you do, you’ll receive a link to download the template.
See Real Equipment Purchase Agreement Projects
Arizona Contract review for LLC business purchase Review
- Arizona
- 10 lawyer bids
- $350 - $1,600
ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.
Meet some of our Equipment Purchase Agreement Template Lawyers
Rhea d.
Rhea de Aenlle is a business-savvy attorney with extensive experience in Privacy & Data Security (CIPP/US, CIPP/E), GDPR, CCPA, HIPAA, FERPA, Intellectual Property, and Commercial Contracts. She has over 25 years of legal experience as an in-house counsel, AM Law 100 firm associate, and a solo practice attorney. Rhea works with start-up and midsize technology companies.
"Rhea is very knowledgeable, responsive, and a pleasure to work with. She provided excellent guidance throughout the MSA and BAA process, and I highly recommend her services."
Jason H.
Jason has been providing legal insight and business expertise since 2001. He is admitted to both the Virginia Bar and the Texas State Bar, and also proud of his membership to the Fellowship of Ministers and Churches. Having served many people, companies and organizations with legal and business needs, his peers and clients know him to be a high-performing and skilled attorney who genuinely cares about his clients. In addition to being a trusted legal advisor, he is a keen business advisor for executive leadership and senior leadership teams on corporate legal and regulatory matters. His personal mission is to take a genuine interest in his clients, and serve as a primary resource to them.
"Jason was outstanding! Professional and Proactive. I was very happy with the services he provided."
Faryal A.
Ms. Ayub is an attorney licensed to practice in Texas. Before moving to the US, she has a number of years of experience in contract review, analysis and drafting. Ms. Ayub is available to help you with your legal problems, as well as filling LLC and other business entity formation documents. To know more about her practice, please visit https://ayublawfirmpllc.com/.
"Faryal did a great job at capturing the needs for drafting my small business purchase agreement from the elements I shared with her. The document was delivered on time, without requiring either a pre-consultation or review round; it was of excellent quality from the first shot."
Sara S.
With over eleven years of intellectual property experience, I’m happy to work on your contract problem. I am very diligent and enjoy meeting tight deadlines. Drafting memoranda, business transactional documents, termination notices, demand letters, licenses and letter agreements are all in my wheelhouse! Working in a variety of fields, from construction to pharmaceutical, I enjoy resolving any disputes that come across my desk. I will prioritize your project, big or small. Please be ready and prepared with all relevant documentation so we can get started as soon as you click HIRE! Hourly rate projects will be billed hourly in accordance with the timesheet. Flat rate projects will be billed in segments. Choosing an hourly or flat rate is up to you. Absolutely no refunds.
"Sara was responsive and knowledgeable about prenup specifics. Thank you so much!"
Odini G.
I am an accomplished attorney with more than 19 years of experience and extensive expertise in business negotiations, commercial contracts, and technology transactions. With a proven track record of providing strategic legal advice and delivering exceptional results, I have successfully assisted numerous clients in drafting, reviewing, and negotiating various business arrangements. My experience encompasses a wide range of areas, including intellectual property, data privacy and security, SaaS agreements, and software licenses. I co-founded a reputable general corporate law firm with three offices in Aspen, Atlanta, and New York. As a partner and attorney, I represented diverse clients, including start-ups, public corporations, investors, financial institutions, educational institutions, and non-profit entities. With a focus on delivering comprehensive legal solutions, I provided general counsel, expert dispute resolution, efficient litigation management, and skillful contract drafting and negotiations for businesses across industries.
"Supremely responsive and works surprisingly quickly. Strongly recommend!"
Alen A.
Alen Aydinian is a seasoned real estate attorney with a wealth of experience in handling transactional matters, real estate transactions, and lease agreements. As a licensed real estate broker, Alen Aydinian brings a unique perspective to the table, allowing clients to benefit from both legal expertise and practical industry knowledge. He is a trusted advisor in the realm of real estate transactions and lease agreements. Whether representing buyers, sellers, landlords, or tenants, Alen Aydinian is committed to providing strategic counsel and dedicated advocacy every step of the way. Clients rely on him for sound legal guidance, proactive problem-solving, and unwavering support throughout the transaction process.
"I contracted Alen for a commercial lease review. I couldn't be happier with the results, as he exceeded my expectations. He completed the project 2 days ahead of the estimated timeframe, gave me high quality feedback, and suggested alternate language. We had a call at the end and he answered all of my questions in detail. Incredible value. I'm so happy I chose Alen, and I definitely recommend him to anyone else needing legal assistance."
Alex M.
Mr. Mehdipour attended the University of California San Diego where he received his degree in political science. After graduating from UCSD, Mr. Mehdipour attended Southwestern University School of Law where he received his JD. Upon passing the bar, Mr. Mehdipour gained invaluable experience both in a law firm and business setting. Mr. Mehdipour uses his prior business and legal experiences to negotiate the most advantageous results for his clients.
Find the best lawyer for your project
Browse Lawyers NowLawyer Reviews for Equipment Purchase Agreement Template Projects
Assets contract
"My experience was exceptional. She was extremely courteous and took the time to answer all of my questions thoroughly. She also went above and beyond by breaking down complex legal jargon into terms that were easy to understand for someone without a legal background. I am truly glad that I chose her to assist me with my legal matter."
ContractsCounsel User
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
View Trustpilot ReviewBusiness lawyers by top cities
- Austin Business Lawyers
- Boston Business Lawyers
- Chicago Business Lawyers
- Dallas Business Lawyers
- Denver Business Lawyers
- Houston Business Lawyers
- Los Angeles Business Lawyers
- New York Business Lawyers
- Phoenix Business Lawyers
- San Diego Business Lawyers
- Tampa Business Lawyers
Equipment Purchase Agreement Template lawyers by city
- Austin Equipment Purchase Agreement Template Lawyers
- Boston Equipment Purchase Agreement Template Lawyers
- Chicago Equipment Purchase Agreement Template Lawyers
- Dallas Equipment Purchase Agreement Template Lawyers
- Denver Equipment Purchase Agreement Template Lawyers
- Houston Equipment Purchase Agreement Template Lawyers
- Los Angeles Equipment Purchase Agreement Template Lawyers
- New York Equipment Purchase Agreement Template Lawyers
- Phoenix Equipment Purchase Agreement Template Lawyers
- San Diego Equipment Purchase Agreement Template Lawyers
- Tampa Equipment Purchase Agreement Template Lawyers
ContractsCounsel User
Lease to buy
Location: California
Turnaround: Less than a week
Service: Drafting
Doc Type: Equipment Purchase Agreement
Number of Bids: 3
Bid Range: $495 - $1,050
ContractsCounsel User