About this document:
Use this template as a terms and conditions document when purchasing used machines of any type, kind, size or value. Signing in the form of an Agreement confirms acceptance (of the terms) by the parties and marks legal significance.
The format is fit to be used to address peculiar situations where mostly commercial use machineries are purchased by parties dealing in such machines on a regular basis. The seller is the current owner or could be a re-seller. The buyer also may be a re-seller.
There are no specific legal provisions that govern a legal document of this nature; you still have the liberty to make alterations and additions that exactly suit your situation or the case. With very small changes the document can be altered to use in completely different circumstances even in jurisdictions outside India.
Who will use this document?
Any business or individual, dealing in old and used machines, purchasing used machines which have outlived their utility for the owner.
The document also holds good use for the parties who are engaged in the business of buying and re-selling used machines.
Key features:
· very flexible to suit the requirements of either or both parties;
· provides a complete framework;
· protects both sides;
· indemnity of the owner;
· very flexible to suit the requirements of either or both parties;
· detailed explanatory notes that help appropriate use and execution;
This document includes provisions for:
· appropriate legal provisions - warranties, exclusions, indemnities, etc.
· Price and payment;
· Return of machines;
· purchases from outside India;
· Shipping and delivery;
· Warranties;
· jurisdiction;
· practical terms that protect parties from future disputes;
