Document background
The Machinery Lease Agreement Template is a vital legal document used when one party wishes to lease industrial or commercial machinery to another party under English and Welsh law. This agreement outlines the complete relationship between lessor and lessee, including detailed specifications of the equipment, payment schedules, maintenance responsibilities, and insurance requirements. It's particularly important for businesses seeking to use machinery without the capital investment of purchasing, while ensuring clear allocation of responsibilities and risks. The template includes provisions compliant with relevant legislation including the Supply of Goods and Services Act 1982 and Health and Safety regulations.
