Forklift Purchase Agreement – Key Terms

To ensure the rights of both buyer and seller, a forklift purchase contract usually includes the following important clauses:

1. Party Information

   • Seller: Company name, tax code, address, legal representative, position.

   • Buyer: Company or individual name, tax code (if any), address, representative.

2. Forklift Information

   • Type: Electric/Diesel/Gas

   • Manufacturer, model

   • Year of manufacture

   • Lifting capacity, lifting height

   • Condition: New/Used

   • Quantity

3. Price and Payment Method

   • Unit price per forklift, total contract value (with/without VAT)

   • Payment method: bank transfer, installment, etc.

   • Payment schedule: Deposit – First payment – Final payment upon delivery

   • Payment time and conditions

4. Delivery

   • Delivery time

   • Delivery location

   • Transport responsibility (which party bears the cost and risk)

   • Handover minutes signed by both parties

5. Warranty and Maintenance

   • Warranty period (usually 6–12 months for used forklifts, 12–24 months for new ones)

   • Warranty conditions (no unauthorized repairs, proper usage, etc.)

   • Periodic maintenance service (if applicable)

6. Training and Technical Support

   • Whether operational training is provided

   • Form: On-site, online, user manual

7. Breach and Penalties

   • Late payment penalties (interest %)

   • Failure to receive goods on time

   • Violation of technical commitments

   • Contract penalties (penalty rate, compensation for damages)

8. Contract Termination

   • Conditions for termination

   • Responsibilities upon early termination

9. Dispute Resolution

   • Priority to negotiation

   • If no agreement, refer to which court

10. Other Provisions

• Contract validity

• Number of copies and legal validity

• Signature and seal