Document background
The Master Leasing Agreement is designed for situations where parties anticipate entering into multiple lease transactions over time and wish to establish a uniform set of terms and conditions that will govern their ongoing relationship. This document, governed by Austrian law, provides the foundation for all subsequent individual lease agreements, streamlining the contracting process and ensuring consistency across transactions. It includes comprehensive provisions for equipment ordering, acceptance, maintenance, payment terms, and return conditions, while allowing flexibility through individual lease schedules. The agreement is particularly useful for businesses requiring regular access to various types of equipment or assets without the need to negotiate separate comprehensive agreements for each transaction. The Master Leasing Agreement structure reduces transaction costs and time while ensuring compliance with Austrian legal requirements, including those under the ABGB and UGB.
