An Equipment Purchase Agreement is a binding contract between two parties – the seller and buyer – for the sale of equipment. Typically, these agreements outline the details of the purchase such as quantity, price, payment terms, delivery details and any warranties associated with the equipment. It also outlines the responsibilities of each party involved in the transaction and serves as a legal document should any dispute arise. Both parties should thoroughly read an Equipment Purchase Agreement before signing to ensure that all their expectations are met. Investing in an Equipment Purchase Agreement is an essential part of owning and operating a business.