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Equipment Purchase Agreement
1. Parties: Identification of buyer and seller with full legal names, registration numbers, and addresses
2. Background: Context of the purchase and brief description of the parties' intentions
3. Definitions and Interpretation: Definitions of key terms used in the agreement and rules of interpretation
4. Equipment Description: General description of the equipment being purchased, referring to detailed specifications in schedule
5. Purchase Price and Payment Terms: Price, payment schedule, invoicing requirements, and payment method
6. Delivery and Transfer of Risk: Delivery terms, timing, location, and point of risk transfer (incorporating Incoterms where applicable)
7. Inspection and Acceptance: Procedures for inspecting equipment and accepting/rejecting delivery
8. Warranties: Seller's warranties regarding equipment quality, performance, and compliance with specifications
9. Title and Risk: Transfer of ownership and risk provisions
10. Intellectual Property Rights: IP ownership and license rights related to the equipment
11. Liability and Indemnification: Limitations of liability and indemnification obligations
12. Force Majeure: Circumstances excusing performance and related procedures
13. Term and Termination: Duration of agreement and grounds for termination
14. Governing Law and Jurisdiction: Confirmation of Danish law as governing law and jurisdiction for disputes
15. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement
1. Training and Documentation: Used when seller must provide training or operational documentation - includes scope and timing of training services
2. Installation Services: Required when seller is responsible for installing the equipment - includes installation requirements and acceptance testing
3. Maintenance and Support: Include when ongoing maintenance or support services are part of the purchase
4. Export Control: Required for equipment subject to export control regulations
5. Environmental Compliance: Include for equipment with specific environmental requirements or implications
6. Spare Parts: Used when establishing terms for future spare parts supply
7. Insurance: Detailed insurance requirements beyond standard coverage
8. Security Interest: Include when seller retains security interest until full payment
9. Confidentiality: Detailed confidentiality provisions if sensitive technical information is involved
1. Equipment Specifications: Detailed technical specifications of the equipment
2. Pricing Schedule: Detailed breakdown of prices, including any optional components or volume-based pricing
3. Delivery Schedule: Detailed delivery timeline and milestones
4. Acceptance Test Procedures: Specific procedures and criteria for acceptance testing
5. Warranty Terms: Detailed warranty terms, conditions, and procedures
6. Maintenance and Support Services: Detailed description of any maintenance and support services
7. Training Program: Detailed training schedule and curriculum if applicable
8. Form of Bank Guarantee: Template for any required bank guarantees or security documents
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