Products tagged with 'equipment lease form'
Equipment Lease Agreement with Purchase Option
Lease equipment on a rent-to-own basis with this short form Equipment Lease Agreement with Purchase Option.
- The leasing company (lessor) retains ownership of the equipment during the term of the lease.
- The lessor has a right to inspect the equipment during the lease.
- The lessor will pay the taxes on the equipment.
- The customer (lessee) is responsible for maintaining insurance on the equipment during the lease.
- The lessor does not give the lessee any warranty or guaranty with respect to the equipment.
- This is a fully editable MS Word document that can be modified to fit your unique needs.
- This contract template is generic and does not contain specific references to the laws of any country or jurisdiction.
Equipment Lease 'Hell or High Water' Clause
Insert this optional 'hell or high water' clause into an equipment lease to govern payments by the Lessee, no matter what.
- The Hell or High Water clause provides that the Lessee (party leasing the equipment) is obligated to pay lease payments regardless of the circumstances and regardless of any right the Lessee may have to set-off or counterclaim against the Lessor.
- The file is available as a MS Word document.
- This clause can be used in any common law jurisdiction which does not prohibit clauses of this type.
Price Protection Clauses for Equipment Lease
Use this easy template to prepare Price Protection clauses for an Equipment Lease.
- The provisions are generic and can be used in almost every country.
- Download the free MS Word file and insert it into your main lease document.
- These clauses can be used in any jurisdiction which does not have statutory requirements governing such provisions.
Equipment Rental Joint Venture Agreement | Canada
Set up a joint venture to rent equipment with this downloadable Equipment Rental Joint Venture Agreement for Canada.
- The joint venture will purchase equipment which will be rented to customers.
- One of the parties will act as the manager of the joint venture's business.
- The managing co-venturer is accountable to the other co-venturers for the management of the joint venture.
- The remaining co-venturers have a right of first refusal to purchase the interest of a departing co-venturer.
- Provisions for remedies upon the default of any co-venturer.
- Provisions for winding up the joint venture.
- This legal agreement template is available as a fully editable MS Word document.
- Intended for use only in Canada.
Net Equipment Lease Agreement | Canada
Prepare a Net Equipment Lease Agreement for Canada with this ready-made template.
This Net Equipment Lease Agreement serves as a comprehensive template for leasing equipment in Canada. It is applicable in most provinces and territories, with the exception of Quebec, where a different form may be required.
The template is provided as a fully editable MS Word document, allowing customization to suit specific requirements.
Lessee Obligations
The customer (lessee) is responsible for maintaining all warranties, guarantees, and insurance related to the rental items for the duration of the lease period. These obligations ensure the equipment remains protected and in good working order.
Ownership of Equipment
Throughout the lease term, ownership of the equipment remains with the supplier (lessor). The transfer of ownership does not occur until the lease has concluded, meaning that the lessor retains legal rights over the equipment until all payments have been made by the lessee.
Indemnity
The lessee agrees to indemnify the lessor against any loss or damage that may occur in connection with the leased equipment. This indemnification obligation remains effective even after the termination of the lease, providing continued protection for the lessor.
Rent Payment During Equipment Down-Time
There will be no reduction or abatement of rent during any period when the equipment is not operational or experiences down-time. Rent payments are required to continue as specified in the lease agreement, regardless of equipment status.
Box Rental Agreement for Film Production
Film producers, prepare Box Rental Agreements between the production company and the contractors being hired to crew the film with this downloadable template.
- The Box Rental Agreement should be attached as a schedule to the Deal Memo between the parties.
- The agreement sets out the terms and conditions under which the production company rents tools and equipment belonging to the contractor, and which will be used by the contractor on the production.
- The template is fully editable and you can easily customize it for your unique needs.
- This Box Rental Agreement template is downloadable, reusable, and reasonably priced for skinny budgets.
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