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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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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

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.

 

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