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Sale of 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.
Sale of Equipment & 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
This Sale of Equipment Contract is approximately 18 pages long.
Includes GST
Suitable for Use
Pages
Sale of Business Contracts
Business owners can get into trouble buying or selling a business if the Contract leaves out important aspects of the sale. Leaving important items out of a contract, including tangible and intangible assets and liabilities, can cause problems months after the sale completes. When you draft a contract for the sale of a business, make sure both parties know exactly what they are getting at the time of signing, as well as in the future.
There is more than one way to sell your business. We have more than one kind of contract. Whether its an asset sale or a sale or shares in company we have all the types of contracts you are likely to need. Buy more than one agreement and get 40% off. Choose from any Sale of Business Template on our Business Agreements page: use discount code DISCOUNT40
Or buy the lot at a substantial discount! Just contact us.
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