¶¶Òõ¶ÌÊÓƵ

All Countries
Mergers & Acquisitions
Used Equipment Purchase Agreement

Used Equipment Purchase Agreement Template for Malaysia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Used Equipment Purchase Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Used Equipment Purchase Agreement

"I need a Used Equipment Purchase Agreement for buying a 2020 Caterpillar excavator model 320 from a construction company in Kuala Lumpur, with payment in installments and delivery scheduled for March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Used Equipment Purchase Agreement is essential for businesses in Malaysia engaging in the acquisition of second-hand machinery or equipment. This document is particularly relevant in today's market where cost-effective equipment solutions are increasingly sought after. It is designed to comply with Malaysian legal requirements while providing a clear framework for the transaction. The agreement covers critical aspects such as equipment condition, maintenance history, warranty limitations, and compliance with local safety standards. It's particularly important given the specific considerations and risks associated with used equipment transactions in Malaysia, where both parties need protection and clarity regarding their rights and obligations. The document serves both large corporations and SMEs engaged in equipment acquisition across various industries.
Suggested Sections

1. Parties: Identification of buyer and seller with complete legal names and addresses

2. Background: Context of the sale, brief history of the equipment, and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Equipment Description: Detailed description of the used equipment including make, model, serial numbers, and year of manufacture

5. Purchase Price and Payment: Purchase price, payment terms, method of payment, and payment schedule if applicable

6. Condition of Equipment: Current condition, known defects, wear and tear, and maintenance history

7. Representations and Warranties: Seller's representations about equipment condition, ownership, and limited warranties if any

8. Inspection and Acceptance: Buyer's right to inspect, testing procedures, and acceptance criteria

9. Title and Risk: Transfer of ownership and risk provisions

10. Delivery and Collection: Arrangements for delivery or collection, including timing and responsibilities

11. General Terms: Standard contract provisions including governing law, notices, and entire agreement

12. Dispute Resolution: Process for handling disputes, including jurisdiction and arbitration provisions

Optional Sections

1. Installation: Include when seller is responsible for installing the equipment

2. Training: Include when seller will provide training on equipment operation

3. Maintenance Services: Include when ongoing maintenance is part of the agreement

4. Financing Terms: Include when payment is not made in full at purchase

5. Import/Export Provisions: Include for cross-border transactions

6. Environmental Compliance: Include for equipment subject to environmental regulations

7. Intellectual Property: Include when software or proprietary technology is involved

8. Trade-In Equipment: Include when buyer is trading in existing equipment as part of the purchase

Suggested Schedules

1. Equipment Specifications: Detailed technical specifications and photographs of the equipment

2. Maintenance History: Records of previous maintenance, repairs, and modifications

3. Test Reports: Recent inspection or testing certificates

4. Warranty Details: Specific warranty terms and conditions if applicable

5. Delivery Schedule: Detailed timeline for delivery and/or installation

6. Price Breakdown: Itemized breakdown of purchase price including any additional costs

7. Compliance Certificates: Safety certificates and regulatory compliance documentation

8. Original Equipment Documentation: Original manuals, drawings, and technical documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses






























Relevant Industries

Manufacturing

Construction

Mining

Agriculture

Logistics

Industrial Processing

Automotive

Food Processing

Textile Industry

Packaging

Warehousing

Healthcare

Printing and Publishing

Energy and Utilities

Relevant Teams

Procurement

Operations

Finance

Legal

Facilities Management

Technical Operations

Maintenance

Risk Management

Supply Chain

Asset Management

Relevant Roles

Procurement Manager

Operations Director

Chief Financial Officer

Facilities Manager

Plant Manager

Equipment Manager

Technical Director

Maintenance Manager

Legal Counsel

Risk Manager

Asset Manager

Supply Chain Manager

Production Manager

Chief Operations Officer

Finance Director

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Customer List Purchase Agreement

Malaysian law-governed agreement for the sale and transfer of customer lists between businesses, ensuring PDPA compliance and protecting both parties' interests.

find out more

Short Form Stock Purchase Agreement

A concise Malaysian law-governed agreement for straightforward share transfers between parties, outlining essential terms and basic warranties for uncomplicated transactions.

find out more

Contract For Sale Of Business Assets

A Malaysian law-governed agreement for the sale and transfer of business assets between parties, outlining terms, conditions, and completion requirements.

find out more

Share Purchase And Transfer Agreement

A Malaysian law-governed agreement for the sale and transfer of shares between parties, outlining terms, conditions, and completion requirements.

find out more

Business Share Sale Agreement

A Malaysian law-governed agreement detailing the terms and conditions for the sale and purchase of shares in a business entity, including price, warranties, and completion requirements.

find out more

Bond Transfer Agreement

A Malaysian law-governed agreement facilitating the legal transfer of bonds between parties, ensuring compliance with local securities regulations and market requirements.

find out more

Company Share Purchase Agreement

A Malaysian law-governed agreement for the sale and purchase of shares in a company, detailing transaction terms and regulatory compliance requirements.

find out more

Restaurant Asset Purchase Agreement

A Malaysian law-governed agreement for the purchase and sale of restaurant business assets, including equipment, inventory, and associated rights.

find out more

Short Form Asset Purchase Agreement

A streamlined Malaysian law-governed agreement template for straightforward asset purchase transactions between parties.

find out more

Share Sale And Purchase Agreement

A Malaysian law-governed agreement for the sale and purchase of shares in a company, detailing transaction terms and ensuring legal transfer of ownership.

find out more

Stock Acquisition Agreement

A Malaysian law-governed agreement detailing the terms and conditions for the purchase and sale of shares in a company, including price, warranties, and completion requirements.

find out more

Used Equipment Purchase Agreement

A Malaysian law-governed agreement for the purchase and sale of used equipment, including specifications, conditions, and warranties.

find out more

Share And Asset Purchase Agreement

A Malaysian law-governed agreement for the combined purchase of company shares and specific assets, including transfer terms and conditions.

find out more

Machinery Purchase Agreement

A Malaysian law-governed agreement for the purchase of industrial or commercial machinery, detailing specifications, payment terms, and compliance requirements.

find out more

Inventory Purchase Agreement

A Malaysian law-governed agreement establishing terms for inventory purchase and sale between commercial parties.

find out more

Forward Share Purchase Agreement

A Malaysian law-governed agreement establishing terms for a future share purchase at predetermined conditions.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.