Film Equipment Purchase and Sale Agreement

What a good one includes

• A meticulous itemization of all equipment, including serial numbers, make, model, cosmetic condition, and functional state.
• Clear terms regarding the purchase price, currency, payment method, and whether a deposit or escrow service is being utilized.
• An explicit statement declaring whether the gear is sold "as-is" with all faults or if any remaining manufacturer warranties are being transferred.
• A clause defining the exact moment ownership and the risk of damage or loss transfers from the seller to the buyer, especially during shipping.
• A guarantee from the seller that they are the lawful owner of the equipment and that it is free of any liens, debts, or rental encumbrances.
• A defined window of time for the buyer to test and inspect the equipment upon receipt before the sale becomes final.

Common mistakes to avoid

• Omitting unique serial numbers for cameras and lenses, making it nearly impossible to prove which exact unit was sold if a dispute arises.
• Failing to specify included accessories like media cards, batteries, cages, or cables, leading to post-sale arguments over what was actually part of the deal.
• Neglecting to state who bears the financial risk and insurance cost if a high-end lens is damaged or lost in transit.
• Using subjective terms like "good condition" instead of detailing specific cosmetic wear, sensor hours, or optical issues.

Frequently asked questions