SALE AGREEMENT
This Sale agreement is entered into on this ____________ day of ___________,
________ by and between Avon Hospitality Partners LLC located at 2229 N
Michigan St Plymouth, IN 46563 (hereinafter referred to as the “Seller”) and ZH
Tomah Corp located at 300 Elm St Boscobel, WI 53805 (hereinafter referred to as
the “Customer”) and together referred to as the “parties”.
WHEREAS the Seller is a Hospitality Vendor who is in the business of selling
construction equipment; and
WHEREAS, the Customer is desirous of purchasing the construction equipment from
the Seller; and
The parties have agreed to the following terms and conditions; –
1. Purchase price.
The parties agree that the seller shall provide the requested construction equipment
on the invoice and the Customer shall 90 days within which to pay the amount
indicated on the invoice.
2. Delivery.
The Customer herein acknowledges that they will be responsible for organizing the
delivery of the construction equipment bought from the Seller to their desired
location.
3. Expenses.
Each party herein shall bear its costs and expenses incurred in connection with the
negotiation, drafting, and execution of this agreement.
4. Purchased assets.
The parties herein agree to the purchase of the following equipment; –
i. ________________________
ii. ________________________
iii. ________________________
5. Assumption of liabilities.
After signing this Agreement and completion of the payments by the Customer, he
shall assume (and shall agree to discharge, pay and perform in accordance with
their terms) only the disclosed and agreed Liabilities of the Seller and no other
liabilities or obligations of the Seller whatsoever.
6. Due diligence.
The Customer shall be responsible for conducting his due diligence regarding the
purchased construction equipment.
The Seller agrees to provide to the Customer reasonable access to information and
the equipment for inspection.
7. Confidentiality.
Except as may be required by law, the Customer agrees that any confidential
information received in confidence will be kept confidential by the Customer and its
representatives and will not be disclosed to any Person except otherwise with the
specific prior written consent of the Seller.
8. Termination.
The Seller reserves the right to terminate this agreement and institute legal
proceedings against the Customer in the event the payment herein is not paid within
the 90 days’ period issued by the Seller.
9. Governing law.
This Agreement shall be construed, interpreted, and governed by the laws of the
state of Indiana.
10. Binding Effect.
This Agreement shall be binding upon and for the benefit of the Parties and their
respective heirs, successors, and permitted assigns.
11. Waiver.
The waiver by any Party of a breach of any provision or term contained herein shall
not operate or be construed as a waiver of any prior or subsequent breach of the
same provision or term.
12. Severability.
Suppose any provision of this Agreement is deemed invalid or unenforceable. In that
case, it shall be severed from this Agreement and shall not affect the remaining
provisions, which will continue to apply in full force and effect.
13. Entire Agreement
This Agreement constitutes the entire Agreement between the Parties about this
transaction and supersedes all prior oral or written agreements, understandings,
negotiations, and discussions.
14. Amendment.
Except as otherwise provided herein, no amendment, or modification of, this
Agreement shall be binding unless the same is in writing and executed by each of
the Parties.
15. Assignment.
Neither Party to this Agreement, nor any of the rights and obligations arising
hereunder, may be assigned to a third party without the prior written consent of the
other party.
IN WITNESS WHEREOF, the Parties have duly signed this Sale Agreement on the
date noted below.
Signed by the Seller; –
Name:
_____________________________
Signature:
__________________________
Date:
______________________________
Signed by the Customer; -.
Name:
_____________________________
Signature:
__________________________
Date:
______________________________
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