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1. Parties: Identification of the Lessor and Lessee with complete details including registration numbers, addresses, and authorized representatives
2. Background: Context of the agreement, brief description of the parties' business relationship, and purpose of the lease-to-own arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement including Equipment, Lease Term, Purchase Option, Lease Payments, etc.
4. Equipment Description: Detailed description of the leased equipment including make, model, serial numbers, and condition
5. Lease Term: Duration of the lease period, commencement date, and conditions for renewal if applicable
6. Lease Payments: Payment structure, amounts, due dates, and method of payment
7. Purchase Option: Terms and conditions for exercising the purchase option, including the purchase price calculation method
8. Delivery and Acceptance: Terms regarding equipment delivery, installation, and acceptance testing procedures
9. Use and Maintenance: Permitted use of equipment, maintenance responsibilities, and operating conditions
10. Insurance Requirements: Required insurance coverage, responsible party for insurance, and claim procedures
11. Title and Ownership: Clear statement of ownership during lease period and conditions for transfer of title
12. Default and Remedies: Events of default, cure periods, and available remedies for both parties
13. Termination: Conditions and procedures for early termination, including consequences and obligations
14. Representations and Warranties: Standard warranties regarding equipment condition, authority to contract, and compliance with laws
15. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction over disputes
16. Notices: Method and addresses for serving official notices under the agreement
1. Security Deposit: Terms regarding security deposit amount, maintenance, and return conditions - used when lessor requires additional financial security
2. Sublease and Assignment: Rights and restrictions regarding subleasing or assigning the equipment - included when such flexibility might be needed
3. Equipment Upgrade: Terms for upgrading or replacing equipment during the lease term - relevant for technology or machinery that may need updating
4. Return Conditions: Specific conditions for equipment return if purchase option isn't exercised - important for high-value or specialized equipment
5. Environmental Compliance: Environmental regulations and compliance requirements - necessary for equipment that may have environmental impacts
6. Training and Support: Terms for operator training and technical support - included for complex equipment requiring specific expertise
7. Force Majeure: Provisions for unforeseen circumstances - particularly relevant in current times of global uncertainty
8. Import/Export Compliance: Compliance with import/export regulations - necessary for international equipment or parts
1. Schedule A - Equipment Specifications: Detailed technical specifications, photographs, and condition report of the equipment
2. Schedule B - Payment Schedule: Detailed breakdown of lease payments, including dates, amounts, and purchase price calculations
3. Schedule C - Maintenance Schedule: Required maintenance procedures, schedules, and authorized service providers
4. Schedule D - Acceptance Certificate: Form for documenting equipment delivery and acceptance
5. Schedule E - Insurance Requirements: Detailed insurance specifications including coverage types and amounts
6. Appendix 1 - Operating Guidelines: Manufacturer's operating guidelines and safety procedures
7. Appendix 2 - Return Conditions Checklist: Detailed checklist for equipment condition upon return if purchase option isn't exercised
Equipment
Effective Date
Commencement Date
Lease Term
Initial Term
Renewal Term
Lease Payments
Purchase Option
Purchase Price
Residual Value
Security Deposit
Business Day
Default Rate
Event of Default
Fair Market Value
Force Majeure Event
Intellectual Property Rights
Lessor
Lessee
Maintenance Schedule
Operating Guidelines
Permitted Use
Premises
Regular Maintenance
Scheduled Payments
Substantial Damage
Term
Total Loss
Transfer Date
Warranties
Wear and Tear
Insurance Coverage
Acceptance Certificate
Delivery Location
Installation
Operating Hours
Payment Due Date
Purchase Option Notice
Regulatory Approvals
Service Provider
Technical Specifications
Working Condition
Equipment Usage
Lease Payments
Purchase Option
Title and Ownership
Maintenance and Repairs
Insurance
Risk of Loss
Warranties and Representations
Default and Remedies
Assignment and Transfer
Indemnification
Liability Limitation
Confidentiality
Force Majeure
Termination
Return of Equipment
Governing Law
Dispute Resolution
Notices
Taxes and Duties
Compliance with Laws
Environmental Compliance
Health and Safety
Security Interest
Equipment Inspection
Record Keeping
Modifications and Improvements
Sublease Rights
Intellectual Property
Training and Support
Performance Standards
Equipment Registration
Regulatory Compliance
Amendment and Modification
Manufacturing
Construction
Information Technology
Healthcare
Agriculture
Mining
Transportation
Logistics
Telecommunications
Heavy Industries
Retail
Hospitality
Energy
Infrastructure
Legal
Finance
Procurement
Operations
Asset Management
Risk Management
Facilities Management
Treasury
Compliance
Business Development
Chief Financial Officer
Procurement Manager
Equipment Manager
Operations Director
Legal Counsel
Finance Manager
Asset Manager
Fleet Manager
Facilities Manager
Risk Manager
Contract Administrator
Business Development Manager
Chief Operations Officer
Equipment Leasing Specialist
Treasury Manager
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