Buying a computer system is a major investment for a business. In addition to providing for the financial aspect of the transaction, acquiring an appropriate system often involves negotiations. This is why entering into an agreement to govern the relationship between the seller and the customer is crucial. This template sets out the main elements of the legal and financial framework relating to a transaction to acquire computer equipment.

We recommend using this template to govern the relationship between a person who wishes to acquire a number of computers, printers and other related equipment for a business and the vendor who, in exchange for consideration, provides the equipment ordered, installs it and provides technical support to the subsequent users of the equipment.

0.00 INTERPRETATION
0.01 Definitions
0.01.01 Activities
0.01.02 Agreement
0.01.03 Breach
0.01.04 Change in Control
0.01.05 Confidential Information
0.01.06 Documentation
0.01.07 Encumber or Encumbrance
0.01.08 Equipment
0.01.09 Event of Default
0.01.10 Force Majeure
0.01.11 Fundamental Provisions
0.01.12 General Sale Terms
0.01.13 Intellectual Property
0.01.14 Legal Representatives
0.01.15 Manufacturer
0.01.16 PARTY
0.01.17 Person
0.01.18 Prime Rate
0.01.19 Purchase Order
0.01.20 Related Person
0.01.21 Subsidiary
0.02 Precedence
0.03 Jurisdiction
0.03.01 Governing Law
0.03.02 Non-compliance
0.04 Miscellaneous
0.04.01 Cumulative Rights
0.04.02 Time and Dates
0.04.03 Financial References
0.04.04 References within Agreement
0.04.05 Gender and Number
0.04.06 Headings
0.04.07 Presumptions
0.04.08 Knowledge
0.04.09 Approval
0.04.10 GAAP
1.00 PURPOSE
1.01 Sale
1.02 Conditions
1.02.01 Required by CLIENT
1.02.02 Required by VENDOR
1.02.03 Choice
2.00 CONSIDERATION
2.01 Price
2.02 Adjustment
3.00 TERMS OF PAYMENT
3.01 Advance
3.01.01 Payment
3.01.02 Termination
3.02 Complete Delivery
3.03 Partial Delivery
3.04 Interest
3.05 Loss of Term
4.00 SECURITY
4.01 In favour of VENDOR
4.02 In favour of CLIENT
4.03 Right of Ownership
4.04 Retaking Possession
5.00 MUTUAL REPRESENTATIONS AND WARRANTIES
5.01 Status
5.02 Authority
5.03 Binding Agreement
5.04 Canadian Resident
5.05 Commission
5.06 Insurance
5.07 Nominee
5.08 Fundamental Provisions
5.09 Disclosure
6.00 REPRESENTATIONS AND WARRANTIES OF THE VENDOR
6.01 Owner
6.02 Encumbrance
7.00 REPRESENTATIONS AND WARRANTIES OF THE CLIENT
7.01 Delivery
7.02 Insurance
8.00 MUTUAL DUTIES AND OBLIGATIONS
8.01 Confidential Information
8.01.01 Undertaking
8.01.02 End of Agreement
8.02 Insurance
8.02.01 Insured Risks
8.02.02 Amount of Coverage
8.02.03 Issuer
8.02.04 Co-insured
8.02.05 No Limitation
8.03 Indemnification
8.03.01 “Loss”
8.03.02 Scope
8.03.03 Procedure
8.03.04 Deductible
8.03.05 Limitation on Claims
8.04 Disclosure of Agreement
9.00 DUTIES AND OBLIGATIONS OF THE VENDOR
9.01 Delivery and installation
9.01.01 Location
9.01.02 Liabilities
9.01.03 Conflict
9.02 Delays and Shortage
9.03 Documentation
9.04 Spare Parts
9.05 Warranty
9.05.01 New Equipment
9.05.02 No Liability
9.06 Liability
10.00 DUTIES AND OBLIGATIONS OF THE CLIENT
10.01 Use and Maintenance
10.01.01 Operation
10.01.02 Conservation
10.02 Insurance
10.03 Location of the Equipment
10.03.01 Prohibition
10.03.02 Costs and Liability
10.04 Encumbrance
11.00 SPECIAL PROVISIONS
11.01 Assignment
11.01.01 Prohibition
11.01.02 Effect of Breach
11.01.03 Exception
11.02 Force Majeure
11.02.01 No Default
11.02.02 Duty
11.02.03 Right of Other PARTY
11.03 Relationship
11.03.01 Independent Contractors
11.03.02 No Control over Performance
11.03.03 No Authority to Bind
11.04 Further Assurances
11.05 Other Remedies
11.05.01 Choices
11.05.02 No Limitations
11.06 Prescription
11.07 Intellectual Property
12.00 GENERAL PROVISIONS
12.01 Notice
12.02 Dispute Resolution
12.02.01 Good Faith Negotiations
12.02.02 Mediation
12.02.03 Arbitration
12.03 Election
12.04 Counterparts
12.05 Amendment
12.06 Waiver of Rights
12.07 Electronic Transmission
12.08 Language
13.00 TERMINATION
13.01 Mutual Consent
13.02 Cancellation
13.03 Without Notice
13.04 Prior Notice
13.05 Change in Control
14.00 EFFECTIVE DATE
14.01 Retroactivity
14.02 Execution
14.03 Deferral
15.00 DURATION
15.01 Permanent
15.02 Survival
16.00 SCOPE


SCHEDULE A – EXCERPT OF A RESOLUTION OF THE VENDOR
SCHEDULE B – EXCERPT OF A RESOLUTION OF THE CLIENT
SCHEDULE 0.01.08 - LIST OF SOLD EQUIPMENT
SCHEDULE 0.01.12 – GENERAL SALE TERMS
SCHEDULE 2.01 – SALE PRICE