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Commercial Vehicle Lease Agreement
"Need a Commercial Vehicle Lease Agreement for a fleet of 5 refrigerated trucks to be used for food delivery in Singapore, with a 3-year lease term starting March 2025 and including cross-border permissions for Malaysia."
1. Parties: Identification of lessor and lessee with full legal details
2. Background: Context of the lease arrangement and brief description of the transaction
3. Definitions: Key terms used throughout the agreement
4. Vehicle Description: Detailed specification of the leased vehicle(s)
5. Lease Term and Payments: Duration and payment terms including deposit requirements
6. Insurance Requirements: Mandatory insurance coverage and responsibilities
7. Maintenance and Repairs: Responsibilities for vehicle maintenance and repair
8. Use Restrictions: Permitted use and operational limitations
9. Termination: Conditions for early termination and consequences
1. Fleet Management: Additional terms for multiple vehicle leases when handling more than one vehicle
2. Driver Requirements: Specific driver qualification and training requirements for specialized vehicles or operations
3. Cross-Border Use: Terms for vehicle use in Malaysia or other countries when international travel is contemplated
1. Vehicle Specification Schedule: Detailed technical specifications of vehicle(s)
2. Payment Schedule: Breakdown of lease payments and payment dates
3. Maintenance Schedule: Required maintenance intervals and procedures
4. Insurance Schedule: Details of required insurance coverage
5. Condition Report: Initial vehicle condition documentation including photographs and inspection reports
Authors
Applicable Laws
Business Day
Certificate of Entitlement
Commencement Date
Commercial Vehicle
Confidential Information
Default
Delivery Date
Deposit
Early Termination
Effective Date
Event of Default
Expiry Date
Fair Wear and Tear
Force Majeure
Insurance Policy
Lease Payments
Lease Period
Lease Term
Lessee
Lessor
License
Maintenance Schedule
Operating Hours
Parties
Permitted Use
Registered Owner
Rental Period
Security Deposit
Services
Singapore Dollars
Termination Date
Vehicle
Vehicle Documentation
Vehicle Registration Number
Vehicle Specifications
Duration and Term
Delivery and Acceptance
Lease Payments
Security Deposit
Insurance
Maintenance and Repairs
Operating Conditions
Vehicle Usage Restrictions
Permitted Drivers
Lessee Obligations
Lessor Obligations
Warranties
Title and Registration
Default
Termination
Return of Vehicle
Indemnification
Force Majeure
Assignment and Subletting
Confidentiality
Notices
Governing Law
Dispute Resolution
Entire Agreement
Amendments
Severability
Compliance with Laws
Record Keeping
Liability
Vehicle Inspection
Accident Reporting
Taxes and Fees
GPS Tracking and Telematics
Environmental Compliance
Cross-Border Usage
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