Equipment purchase contract is commenced between the seller of equipments and an interested buyer for buying equipments. Such a contract is based on the commitments, payment terms, equipment specifications and official covenants. Equipment purchase contract can be commenced on the international and national level.
Sample Equipment Purchase Contract:
Purchase contract number An: 345/ EPC
Date: December 26th, 2010
This Equipment lease contract is produced between Rainbow Equipment Manufactures Pvt. Ltd, Address: Plot No: 5, Industrial Area- A, New York, America, hereinafter known as the seller party.
Greenwood Companies Pvt. Ltd, Address: Office Number: 13, Ambary Valleys, Paterson Road, New York, America, hereinafter referred as the buyer party.
Specification of the equipments required:
Name: Cutting machines, welding machines
Quantity: 20 each
Estimated delivery date: within 20 days
This contract is effective from December 26th, 2010
Term & conditions for the equipment purchase contract:
Obligations of the Seller party:
After full payment the free insurance and nominee documents will be transferred to the buyer party.
Responsibility of the buyer party:
The buyer party will be responsible for maintaining the equipments and collecting the spare parts from the seller company which are under warranty.
Mode of payment: cash
Amount to be paid for all ordered equipments: $ 68000
Amount paid as advance: $ 4000
Final Amount to be made: $64000
The buyer party will pay the pending payment on the date of delivery.
Acceptance of the equipment purchase contract:
Signature of the seller party:
Signature of the buyer party: