What is an equipment purchase agreement?
When you agree to purchase equipment, the seller will provide an agreement to outline the terms of the sale and any options you can add. Learn what to expect with an equipment purchase agreement.
Equipment can be expensive to purchase. Even after you find the right piece of equipment for your business, you need to negotiate the purchase terms with the seller. There can be lots of options to choose from, and using a PDF equipment purchase agreement with electronic signatures will make the process quicker and easier.
Equipment purchase agreement options.
When you purchase equipment, there will probably be some options included in the agreement the seller sends you. For example, there may be an option to buy an extended warranty or a service contract. You should clearly state on a secure agreement which, if any, options you agree to include in the purchase. A signable PDF with fields for your initials to indicate your choices is the best way to go.
Here are some options you may see on an equipment purchase agreement:
- You may have an option to purchase an extended warranty.
- A service contract for scheduled maintenance is possible for some equipment.
- Sometimes the seller will provide financing options.
- You might find a section of the agreement that locks in future options for an upgrade or trade-in after a specified period of time or number of hours of use.
A good purchase agreement will provide for electronic signatures by the seller and the buyer and an area for the buyer’s initials to confirm which, if any, options they want. Protect yourself from unwanted charges by using a secure and editable PDF equipment purchase agreement.
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