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Truck Lease Agreement
"I need a Truck Lease Agreement for a fleet of 5 refrigerated delivery trucks to be used in Metro Manila, with a lease term starting March 1, 2025, including specific provisions for temperature monitoring and maintenance of cooling equipment."
1. Parties: Identifies and provides complete details of the lessor and lessee, including registration numbers and addresses
2. Background: Contextual information explaining the purpose of the lease agreement and the parties' intent
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Lease Grant: Specifies the lessor's grant of lease rights to the lessee and the basic terms of the lease
5. Term and Renewal: Details the duration of the lease and any renewal options
6. Rent and Payment Terms: Specifies rental amount, payment schedule, security deposit, and payment methods
7. Delivery and Return: Procedures for initial delivery and final return of the truck
8. Use and Operating Conditions: Permitted uses, geographic restrictions, and operating requirements
9. Maintenance and Repairs: Responsibilities for maintenance, repairs, and regular servicing
10. Insurance and Liability: Required insurance coverage and allocation of liability
11. Representations and Warranties: Parties' representations regarding authority, truck condition, and compliance
12. Default and Remedies: Events of default and available remedies for both parties
13. Termination: Grounds for termination and the process for ending the agreement
14. Governing Law and Jurisdiction: Specifies Philippine law as governing law and jurisdiction for disputes
15. General Provisions: Standard clauses including notices, amendments, and severability
1. Sublease Rights: Include when sublease rights are to be granted to the lessee
2. Driver Provisions: Include when the lessor provides drivers with the truck
3. Fuel Management: Include when there are specific fuel provision or management arrangements
4. GPS and Tracking: Include when the truck includes GPS or tracking systems
5. Environmental Compliance: Include when specific environmental requirements need to be addressed
6. Cross-Border Operations: Include for trucks operating across international borders
7. Government Contracts: Include when the lease is related to government projects
8. Force Majeure: Include when specific force majeure provisions are needed beyond standard provisions
1. Schedule A - Vehicle Specifications: Detailed description of the truck including make, model, year, VIN, and technical specifications
2. Schedule B - Rent Schedule: Detailed breakdown of rental payments, including any escalation clauses
3. Schedule C - Maintenance Schedule: Required maintenance intervals and procedures
4. Schedule D - Condition Report: Initial condition report with photographs and noted defects
5. Schedule E - Insurance Requirements: Detailed insurance requirements and minimum coverage amounts
6. Schedule F - Authorized Drivers: List of authorized drivers and their qualifications (if applicable)
7. Schedule G - Operating Territory: Maps or descriptions of authorized operating areas
8. Appendix 1 - Hand-over Checklist: Checklist for vehicle delivery and return procedures
Authors
Authorized Driver
Business Day
Commencement Date
Delivery Location
Environmental Laws
Events of Default
Fair Wear and Tear
Force Majeure Event
Insurance Requirements
Lease Period
Lease Payments
Maintenance Schedule
Operating Territory
Permitted Use
Registration Documents
Rent
Security Deposit
Services
Specifications
Term
Termination Date
The Vehicle
Total Loss
Vehicle Documents
Vehicle License
Warranty Period
Working Hours
Maintenance Log
Operating Expenses
Repair Costs
Road Tax
Schedule of Condition
Third Party Liability
Transportation Permits
LTO Regulations
LTFRB Requirements
Term and Duration
Payment
Delivery and Return
Maintenance and Repair
Insurance
Liability
Warranties
Operating Conditions
License and Registration
Default
Termination
Assignment
Indemnification
Force Majeure
Dispute Resolution
Governing Law
Notices
Confidentiality
Health and Safety
Environmental Compliance
Amendments
Entire Agreement
Severability
Waiver
Representations
Compliance with Laws
Security Deposit
Sub-Leasing
Inspection Rights
Record Keeping
Risk of Loss
Driver Requirements
Territorial Restrictions
Fuel Management
GPS and Tracking
Return Conditions
Emergency Response
Transportation & Logistics
Manufacturing
Construction
Mining
Retail
Agriculture
Waste Management
Energy
Infrastructure
Public Sector
Legal
Operations
Finance
Procurement
Logistics
Risk Management
Compliance
Commercial
Supply Chain
Fleet Management
Fleet Manager
Operations Director
Procurement Manager
Legal Counsel
Finance Manager
Logistics Coordinator
Transportation Manager
Contract Administrator
Risk Manager
Commercial Director
Supply Chain Manager
Chief Operating Officer
Compliance Officer
Business Development Manager
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