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Contract For Sale Of Used Equipment

1. Introduction. Agreement made [date] between [name] (Seller/Commission Agent), with principal offices at [address] (Seller/Commission Agent), and [name], with principal offices at [address] (Buyer), for the sale and delivery of a used equipment.

2. Description of equipment. Seller/Commission Agent will sell and deliver to Buyer equipment described as follows:

[manufacturer, model, year, serial number].

3. Purchase Price. The purchase price is ---------- dollars ($----------), payable in full upon delivery of the equipment, by certified cashiers check drawn upon a local bank.

4. Seller/Commission Agent's Representations and Warranties. Seller/Commission Agent makes the following representations and warranties, which shall survive the closing of the sale:

a. Seller Is [Sole Owner] [Commission Agent]. Seller is the [sole owner] or [commission agent] of the equipment and has full right and power to sell and transfer it.

b. No caveats, Liens or Encumbrances. The equipment is free from any security interest or other liens or encumbrance.

c. Suits, Judgments, Etc. No judgments exist against Seller/Commission Agent nor are there any executions, attachments, or replevins outstanding against Seller/Commission Agent. Seller/Commission Agent is not a defendant or respondent in any action or proceeding. No petition in bankruptcy or for an arrangement of creditors has been filed by or against Seller/Commission Agent nor has Seller/Commission Agent taken advantage of any insolvency laws.

d. Condition of the equipment. Seller/Commission Agent specifically disclaims any warranties as to the physical and mechanical condition of the equipment. Buyer acknowledges inspecting the equipment and is purchasing it "as is." Seller/Commission Agent will maintain the equipment in its present condition, reasonable wear and tear excepted, until it is delivered to...

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