Document background
The Used Equipment Sales Agreement is essential for businesses engaging in the purchase or sale of pre-owned industrial, commercial, or specialized equipment in Canada. This document is specifically designed to address the unique challenges and considerations involved in used equipment transactions, including condition assessment, limited warranties, and disclosure requirements. The agreement ensures compliance with Canadian provincial and federal regulations, including the Sale of Goods Act (or Civil Code of Quebec), while providing clear terms for equipment transfer, payment conditions, and liability allocation. It's particularly important for protecting both parties' interests given the inherent risks in used equipment transactions and the need for transparent disclosure of equipment condition and history.
