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1. Parties: Identifies and provides full details of the lessor and lessee, including ABN/ACN and registered addresses
2. Background: Outlines the context of the agreement, including the lessor's ownership of the equipment and lessee's desire to lease with purchase option
3. Definitions and Interpretation: Defines key terms used throughout the agreement and sets out interpretation rules
4. Lease Grant: Establishes the basic lease relationship and confirms the lessor's agreement to lease the equipment to the lessee
5. Term and Renewal: Specifies the initial lease period, commencement date, and any renewal options
6. Rent and Payment Terms: Details the rent amount, payment frequency, payment method, and consequences of late payment
7. Equipment Use and Maintenance: Specifies permitted use, maintenance obligations, and operating conditions
8. Purchase Option: Details the terms of the purchase option, including price calculation, exercise period, and process
9. Risk and Insurance: Allocates risk and specifies required insurance coverage
10. Warranties and Representations: States warranties regarding equipment condition and fitness for purpose
11. Default and Termination: Lists events of default and termination rights
12. Return of Equipment: Specifies conditions and process for equipment return if purchase option not exercised
13. General Provisions: Includes standard boilerplate clauses such as notices, governing law, and dispute resolution
1. Security Deposit: Required when lessor requires a security deposit - specifies amount, holding terms, and return conditions
2. Sublease and Assignment: Include when sublease or assignment rights are to be granted to the lessee
3. Environmental Compliance: Required for equipment that may have environmental impacts or requires specific environmental compliance
4. Training and Support: Include when lessor will provide equipment training or ongoing technical support
5. Import/Export Compliance: Required for equipment that may be moved internationally
6. Site Requirements: Include when equipment requires specific installation or site conditions
7. Data Protection: Required when equipment collects, processes, or stores data
8. Intellectual Property: Include when equipment involves software licenses or other IP rights
1. Schedule 1 - Equipment Description: Detailed description of leased equipment including make, model, serial numbers, and specifications
2. Schedule 2 - Rent Schedule: Payment schedule showing rent amounts, due dates, and payment breakdowns
3. Schedule 3 - Purchase Option Calculations: Formula and methods for calculating purchase price at different points during lease term
4. Schedule 4 - Maintenance Requirements: Detailed maintenance schedule and requirements for the equipment
5. Schedule 5 - Condition Report: Initial condition report of equipment at time of delivery
6. Schedule 6 - Insurance Requirements: Detailed insurance requirements including types of coverage and minimum amounts
7. Appendix A - Operating Procedures: Equipment operating procedures and safety requirements
8. Appendix B - Return Conditions: Detailed specifications for acceptable equipment condition upon return
Applicable Laws
Business Day
Commencement Date
Delivery Date
Equipment
Event of Default
Exercise Notice
Exercise Period
Fair Market Value
GST
Insurance Requirements
Lease Period
Lease Payments
Lessee
Lessor
Location
Maintenance Requirements
Operating Manual
Option Price
Option to Purchase
Permitted Use
PPSA
Purchase Date
Purchase Price
Related Entity
Renewal Period
Renewal Terms
Return Condition
Security Interest
Serial Number
Specifications
Term
Termination Date
Total Loss
Transfer Documents
Warranties
Grant of Lease
Delivery and Acceptance
Term
Rent and Payment
Security Deposit
Equipment Use
Maintenance and Repairs
Option to Purchase
Title and Ownership
Risk and Insurance
Lessee Obligations
Lessor Obligations
Warranties and Representations
Indemnification
Default
Termination
Equipment Return
Assignment and Sublease
Confidentiality
Force Majeure
Notices
Dispute Resolution
Governing Law
GST
Security Interest
Entire Agreement
Severability
Waiver
Amendment
Costs
Further Assurance
Manufacturing
Construction
Mining
Agriculture
Transportation and Logistics
Healthcare
Information Technology
Retail
Hospitality
Telecommunications
Printing and Publishing
Warehousing
Food Processing
Industrial Services
Legal
Finance
Operations
Procurement
Risk Management
Asset Management
Facilities Management
Treasury
Compliance
Commercial
Chief Financial Officer
Finance Manager
Operations Manager
Fleet Manager
Equipment Manager
Procurement Manager
Legal Counsel
Contract Administrator
Asset Manager
Risk Manager
Facilities Manager
Manufacturing Manager
Plant Manager
Business Development Manager
Treasury Manager
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