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1. Parties: Identification of the Lessor (financial institution) and Lessee, including full legal names, licenses, and registration details
2. Background: Context of the lease arrangement, including the purpose and nature of the transaction
3. Definitions: Key terms used throughout the agreement, including financial, technical, and legal terminology
4. Lease Object and Terms: Detailed description of the leased asset and fundamental lease terms including duration
5. Financial Terms: Lease payments, payment schedule, fees, charges, and other financial obligations
6. Delivery and Acceptance: Terms regarding the delivery, inspection, and acceptance of the leased asset
7. Title and Ownership: Provisions regarding ownership rights, title retention, and transfer conditions
8. Use and Maintenance: Obligations regarding the use, maintenance, and preservation of the leased asset
9. Insurance and Risk: Insurance requirements and allocation of risks between parties
10. Representations and Warranties: Statements and guarantees made by both parties
11. Events of Default: Circumstances constituting default and consequences thereof
12. Termination: Conditions and procedures for early termination or expiry of the lease
13. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
1. Sharia Compliance: Required when the financial lease needs to comply with Islamic finance principles
2. Security Deposit: Include when additional security is required from the lessee
3. Purchase Option: Include when the lessee has the option to purchase the asset at the end of the lease
4. Assignment and Sublease: Include when either party may need to assign rights or when sublease might be permitted
5. Force Majeure: Include specific force majeure provisions beyond standard contract terms
6. Tax Provisions: Include detailed tax provisions when tax implications are significant
7. Environmental Compliance: Required when the leased asset has environmental implications
8. Export/Import Provisions: Include when the leased asset involves cross-border movement
1. Asset Description Schedule: Detailed technical specifications and description of the leased asset
2. Payment Schedule: Detailed breakdown of all payments, including dates and amounts
3. Delivery and Acceptance Protocol: Form for documenting the delivery and acceptance of the asset
4. Insurance Requirements: Detailed insurance specifications and requirements
5. Maintenance Schedule: Required maintenance procedures and schedules
6. Form of Purchase Option Notice: Template for exercising purchase option if applicable
7. Condition Report: Template for recording asset condition at delivery and return
8. Required Permits and Licenses: List of regulatory approvals needed for the lease operation
Asset
Assignment
Business Day
Central Bank
Commencement Date
Default Interest
Default Notice
Delivery Date
Delivery Location
Down Payment
Event of Default
Execution Date
Expiry Date
Finance Lease
Financial Statements
Governing Law
Insurance Policy
Lease Period
Lease Payments
Leased Asset
Lessee
Lessor
Maintenance Agreement
Material Adverse Effect
Operating Costs
Payment Date
Payment Schedule
Purchase Option
Purchase Price
Registration Authority
Regulatory Approval
Security Deposit
Supplier
Supply Agreement
Term
Termination Date
Total Loss
Transfer of Title
UAE Dirham
Warranties
Payment Terms
Delivery and Acceptance
Title and Ownership
Use and Possession
Maintenance and Repair
Insurance Requirements
Risk Allocation
Payment Default
Asset Default
Early Termination
Purchase Option
Assignment
Representations and Warranties
Covenants
Events of Default
Remedies
Force Majeure
Indemnification
Confidentiality
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Registration
Regulatory Compliance
Islamic Finance Compliance
Tax Obligations
Boilerplate
Banking and Financial Services
Manufacturing
Construction
Transportation and Logistics
Healthcare
Real Estate
Aviation
Maritime
Industrial Equipment
Technology and IT
Energy and Utilities
Agriculture
Retail
Automotive
Legal
Finance
Compliance
Risk Management
Treasury
Procurement
Operations
Credit
Islamic Banking
Asset Management
Contract Administration
Chief Financial Officer
Finance Director
Legal Counsel
Compliance Officer
Risk Manager
Treasury Manager
Procurement Manager
Asset Manager
Contract Administrator
Financial Controller
Operations Director
Credit Manager
Islamic Finance Specialist
Leasing Manager
Corporate Lawyer
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