Equipment Lease Agreement With Option To Purchase Template for Saudi Arabia

1. Islamic Finance Compliance: Specific provisions ensuring compliance with Islamic finance principles - required when agreement involves Islamic financing structure

2. Equipment Substitution: Procedures for equipment replacement or substitution - include when dealing with technology or equipment that may need updating

3. Sub-leasing: Terms governing sub-leasing rights - include when sub-leasing might be contemplated

4. Import/Export: Provisions dealing with import/export requirements - include for international equipment

5. Training and Support: Terms for equipment training and technical support - include for complex equipment

6. Environmental Compliance: Environmental requirements and compliance - include for equipment with environmental impact

7. Security Deposit: Terms regarding security deposit - include when additional financial security is required

1. Equipment Schedule: Detailed technical specifications, photographs, and condition report of equipment

2. Payment Schedule: Detailed breakdown of lease payments, including dates and amounts

3. Purchase Option Price Calculation: Formula or fixed prices for purchase option at different points in lease term

4. Maintenance Schedule: Required maintenance procedures and schedules

5. Insurance Requirements: Detailed insurance specifications and coverage requirements

6. Delivery and Acceptance Form: Form for documenting equipment delivery and acceptance

7. Return Conditions: Detailed specifications for equipment condition upon return

8. Authorized Locations: Approved locations for equipment use and storage