An Equipment Sales Agreement is a legally binding contract between two parties outlining the terms of sale and purchase of goods or equipment. It ensures that all goods/equipment related to the transaction are listed, specified, and agreed upon with respect to payment terms and delivery conditions. This agreement also specifies the warranties on parts, liabilities, and damages in case any disagreements arise over the course of the transaction. Furthermore, an Equipment Sales Agreement outlines the rights, obligations, and compliance measures for both parties involved in the sale and purchase of goods or equipment.