How Does an Equipment Purchase Agreement Protect Your Machinery Investment?

Buying or selling significant agricultural machinery—a new combine, a high-horsepower tractor, or a precision planter—is a massive transaction. While a handshake and a verbal agreement might feel sufficient, especially within tight-knit farming communities, the financial stakes are too high to skip the security of a written Equipment Purchase Agreement for farm machinery purchases.

This isn't just another piece of annoying red tape; a purchase agreement is a vital tool for risk management and financial protection, particularly in a third party purchase where relationships may be less established.

What Is an Equipment Purchase Agreement?

Read more