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The Equipment Supply Agreement is a crucial document used when a business needs to formalize the purchase and supply of equipment in Pakistan. It is particularly important for high-value or complex equipment transactions where detailed terms regarding specifications, delivery, installation, and ongoing support are necessary. The agreement ensures compliance with Pakistani legal requirements, including the Contract Act 1872 and relevant industry regulations. It typically includes comprehensive provisions for quality assurance, acceptance testing, warranty terms, and dispute resolution mechanisms. This document is essential for both domestic and international equipment supply arrangements, providing clear allocation of risks and responsibilities between parties while addressing specific requirements of Pakistani law regarding contract formation, performance, and enforcement.

1. Parties: Identification and details of the supplier and purchaser, including registration numbers and addresses

2. Background: Context of the agreement and brief description of the parties' business relationship

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

4. Supply Obligations: Core obligations of the supplier regarding equipment delivery, quality standards, and timing

5. Price and Payment: Equipment pricing, payment terms, invoicing procedures, and any applicable taxes

6. Delivery and Acceptance: Terms regarding delivery, inspection, acceptance testing, and transfer of risk

7. Title and Risk: Transfer of ownership and risk in the equipment

8. Warranties: Supplier's warranties regarding equipment quality, performance, and compliance with specifications

9. Defects and Returns: Process for handling defective equipment and returns procedures

10. Intellectual Property: IP rights in relation to the equipment and any associated documentation

11. Liability and Indemnity: Limitations of liability and indemnification provisions

12. Force Majeure: Events excusing performance and procedures for handling force majeure situations

13. Term and Termination: Duration of agreement and grounds for termination

14. Confidentiality: Protection of confidential information exchanged between parties

15. Governing Law and Dispute Resolution: Choice of Pakistani law and dispute resolution mechanisms

16. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment