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1. Parties: Identification of the Lessor (financing company/dealer) and Lessee (customer), including full legal names, addresses, and registration details
2. Background: Context of the agreement, including the intention to lease with option to purchase
3. Definitions: Key terms used throughout the agreement including Lease Period, Purchase Option, Monthly Payments, etc.
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, color, and specifications
5. Lease Term and Payments: Duration of lease, payment schedule, amount of monthly payments, and payment methods
6. Purchase Option: Terms and conditions for exercising the purchase option, including the final purchase price and process
7. Delivery and Acceptance: Conditions for vehicle delivery and acceptance procedures
8. Insurance Requirements: Mandatory insurance coverage requirements and responsibilities
9. Maintenance and Repairs: Responsibilities for vehicle maintenance, repairs, and servicing obligations
10. Use of Vehicle: Permitted use, territorial limits, and restrictions on vehicle usage
11. Default and Termination: Events of default, consequences, and termination procedures
12. Ownership Transfer: Process and conditions for transferring vehicle ownership upon completion of payments
13. Governing Law and Jurisdiction: Applicable UAE laws and jurisdiction for dispute resolution
1. Early Purchase Option: Terms for early purchase of the vehicle before lease end - include when early purchase is allowed
2. Additional Drivers: Terms for allowing additional authorized drivers - include when multiple drivers are permitted
3. International Usage: Provisions for using the vehicle outside UAE - include for premium or luxury vehicle agreements
4. Trade-In Provisions: Terms for trading in an existing vehicle - include when trade-in is part of the transaction
5. Extended Warranty: Terms of any extended warranty coverage - include when extended warranty is offered
6. Return Conditions: Specific conditions for vehicle return if purchase option isn't exercised - include for agreements with return option
1. Schedule 1 - Payment Schedule: Detailed breakdown of all payments including monthly installments, deposits, and purchase option price
2. Schedule 2 - Vehicle Condition Report: Detailed inspection report of vehicle condition at time of delivery
3. Schedule 3 - Maintenance Schedule: Required maintenance schedule and service intervals
4. Schedule 4 - Insurance Requirements: Detailed insurance requirements and minimum coverage specifications
5. Appendix A - Vehicle Specifications: Detailed technical specifications of the vehicle
6. Appendix B - Return Conditions Checklist: Detailed criteria for acceptable vehicle condition upon return
7. Appendix C - Required Documentation: List of required documents for ownership transfer
Applicable Laws
Business Day
Commencement Date
Completion Date
Default Event
Default Rate
Delivery Date
Deposit
Early Purchase Option
Early Termination Fee
Effective Date
Exercise Notice
Fair Wear and Tear
Final Payment
Finance Amount
Insurance Policy
Lease Period
Lease Payments
Lessee
Lessor
Maintenance Schedule
Monthly Payment Date
Option Exercise Date
Option Price
Outstanding Balance
Ownership Transfer Date
Payment Schedule
Permitted Use
Purchase Option
Purchase Price
RTA
Security Deposit
Term
Territory
Total Loss
UAE
Vehicle
Vehicle Condition Report
Vehicle Documents
Vehicle Registration
Vehicle Specifications
Payment Terms
Purchase Option
Title and Ownership
Insurance
Maintenance and Repairs
Use Restrictions
Registration and Licensing
Default and Remedies
Early Termination
Assignment and Transfer
Risk and Liability
Indemnification
Force Majeure
Representations and Warranties
Condition Precedent
Notice Requirements
Dispute Resolution
Governing Law
Confidentiality
Amendment and Modification
Severability
Entire Agreement
Counterparts
Survival
Compliance with Laws
Term and Termination
Return Conditions
Events of Default
Acceleration
Automotive
Financial Services
Banking
Insurance
Leasing
Consumer Finance
Transportation
Fleet Management
Legal
Finance
Sales
Compliance
Risk Management
Operations
Customer Service
Documentation
Credit Assessment
Business Development
Legal Counsel
Finance Manager
Leasing Manager
Sales Manager
Credit Risk Officer
Compliance Officer
Fleet Manager
Contract Administrator
Business Development Manager
Customer Service Manager
Operations Manager
Vehicle Finance Specialist
Documentation Officer
Risk Assessment Officer
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