Sale of Redundant Equipment Agreement for Legal Practitioners & Business Owners
Ensure structured and efficient asset disposal with our Sale of Redundant Equipment Agreement. This document is designed for lawyers, business owners, and financial professionals, providing a clear framework for the sale and transfer of surplus equipment while ensuring transparency and protection for both buyers and sellers.
Sale of Redundant Equipment
A long agreement for sale of redundant assets / equipment.
An agreement for sale of redundant equipment with provisions relating to: price, collection, compliance and safety, personnel, equipment, title and risk, confidentiality, intellectual property, insurance, warranties, liability and indemnity.
Redundant assets are those assets that are not specifically required by a company to generate earnings and cash flow from operations. They are “redundant” to the operations of the business. Typically, the valuation of companies for sale are conducted excluding any redundant assets and their related income and expenses.
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Why Legal Practitioners and Business Owners Need a Sale of Redundant Equipment Agreement
A Sale of Redundant Equipment Agreement is essential for formalising the terms and conditions of equipment sales, ensuring both parties understand their rights and obligations. This agreement helps mitigate risks, define warranties, and establish a structured process for ownership transfer.
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Sale of Equiment & Assets
- AGREEMENT INCLUDES:-
- Definitions and Interpretation
- Sale and Purchase
- Price
- Collection
- Obligations
- Compliance & Safety
- Acknowledgements
- Personnel
- Equipment
- Title and Risk
- Confidentiality
- Intellectual Property Rights
- Insurance
- Warranties
- Indemnity and Liability
- Taxes
- Notices
- Assignment
- Set Off
- Publicity
- Severability
- Precedence
- Entire Agreement
- Waiver
- Further Assurances
- Variations
- Advice
- Counterparts
- Cumulative Rights
- Costs
- Governing Law
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