Equipment Lease Agreement
Long agreement for lease / hire of agreement for a permitted purpose.
Includes PPS provisions.
The Equipment Lease Agreement includes provisions relating to:
- Term
- Lease,
- Title,
- Risk,
- Possession,
- Collection,
- Use,
- Repairs & Maintenance,
- Reports & Records,
- Access & Inspection,
- Safety & Compliance,
- Acknowledgements,
- Lease Fee,
- Net Lease,
- Confidentiality, Intellectual Property Rights,
- Insurance, Warranties,
- Liability & Indemnity, Termination,
- Events on Termination,
- Security, Sale or Transfer,
- Records & Audit,
- Disputes,
- Taxes,
- Notices,
- Assignment,
- Set Off,
- Publicity,
- Severability,
- Precedence,
- Entire Agreement,
- Waiver,
- Further Assurances,
- Variations,
- Advice,
- Counterparts,
- Cumulative Rights,
- Costs and Governing Law
21 pages long
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Australian Law
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Equipment Lease Long Version (parts blacked out to prevent copying)
This is general information only. Does not form part of any legal advice from Precedents Online or its Authors
A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. … Industrial or business equipment is also leased. Broa
Leasing is also used as a form of financing to acquire equipment for use and purchase.[18] Many organizations and companies use lease financing for the acquisition and use of many types of equipment, including manufacturing and mining machinery, vessels and containers, construction and off-road equipment, medical technology and equipment, agricultural equipment, aircraft, rail cars and rolling stock, trucks and transportation equipment, business, retail and office equipment, IT equipment and software.[18]
Lease financing for equipment is generally provided by banks, captives and independent finance companies.[19][20]
dly put, a lease agreement is a contract between two parties, the lessor and the lessee.