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1. Parties: Identifies and defines the Seller and Buyer with their full legal names and addresses
2. Background: Establishes context of the sale, including brief description of the equipment and parties' intention to enter into the sale transaction
3. Definitions: Defines key terms used throughout the agreement including Equipment, Delivery Date, Purchase Price, etc.
4. Sale and Purchase: Core provision stating the seller's agreement to sell and buyer's agreement to purchase the equipment
5. Purchase Price and Payment: Specifies the purchase price, payment method, and payment schedule
6. Condition of Equipment: Details the current condition of the equipment, any known defects, and 'as-is' provisions
7. Delivery and Transfer of Title: Specifies delivery terms, location, costs, and when title passes to the buyer
8. Seller's Representations and Warranties: Limited warranties regarding ownership, authority to sell, and basic functionality
9. Buyer's Acknowledgments: Buyer's confirmation of equipment inspection and acceptance of condition
10. Risk and Insurance: Specifies when risk passes to the buyer and insurance requirements
11. Termination: Circumstances under which either party may terminate the agreement
12. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and jurisdiction for disputes
13. General Provisions: Standard boilerplate clauses including notices, entire agreement, and amendments
1. Equipment Testing: Include when buyer requires testing or demonstration before completion of sale
2. Training and Documentation: Include when seller agrees to provide operational training or technical documentation
3. Maintenance Services: Include when seller will provide post-sale maintenance services
4. Environmental Compliance: Include for equipment subject to environmental regulations
5. Export/Import Requirements: Include for international sales requiring specific documentation or compliance
6. Intellectual Property: Include when software or proprietary technology is part of the equipment
7. Security Interest: Include when seller retains security interest until full payment
8. Third-Party Claims: Include specific provisions about handling third-party claims related to the equipment
1. Equipment Description: Detailed technical specifications, serial numbers, and components of the equipment
2. Condition Report: Detailed report of equipment condition, including photographs and known issues
3. Price and Payment Schedule: Breakdown of purchase price and payment installments if applicable
4. Delivery Schedule: Specific timing and logistics for equipment delivery
5. Maintenance History: Historical maintenance records and repairs
6. Testing Procedures: Agreed procedures for testing equipment functionality
7. Spare Parts List: List of included spare parts or recommended spare parts
8. Required Certifications: Copies of safety certificates, compliance documents, or other required certifications
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