oboloo Glossary

Equipment Sale Agreement

oboloo Glossary

Equipment Sale Agreement

An Equipment Sale Agreement is a written contract used to document the sale of tangible, movable property – such as an appliance, machine, vehicle, or other equipment – from a seller to a buyer. It includes details about the item being sold, delivery and payment terms, responsibilities of the parties involved, any warranties or guarantees provided, and more. This agreement helps protect both the buyer and the seller in the event of disputes related to the agreement. Signing an Equipment Sale Agreement not only promotes transparency but also sets clear expectations for each party involved.