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Contract Hire Agreement
"I need a Contract Hire Agreement under German law for leasing construction equipment (specifically two excavators and a crane) to a building company for 18 months starting March 2025, including maintenance provisions and an option to purchase at the end of the term."
1. Parties: Identification and details of the lessor and lessee, including full legal names, addresses, and registration details if companies
2. Background: Context of the agreement and brief description of the business relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Subject Matter of Hire: Detailed description of the asset(s) being hired, including specifications and condition
5. Term and Delivery: Duration of the hire period, commencement date, and delivery arrangements
6. Rental Payments: Payment terms, amounts, frequency, and method of payment
7. Use of Hired Asset: Permitted use, restrictions, and operational requirements
8. Maintenance and Repairs: Responsibilities for maintenance, repairs, and associated costs
9. Insurance and Risk: Insurance requirements and allocation of risk
10. Termination: Grounds for termination, notice requirements, and consequences
11. Return of Asset: Conditions and procedures for returning the hired asset
12. Liability and Indemnity: Limitation of liability and indemnification provisions
13. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction
14. Notices: Process and addresses for formal communications between parties
1. Data Protection: Required when personal data processing is involved, addressing GDPR requirements
2. Consumer Protection Provisions: Required when one party is a consumer, incorporating VerbrKrG requirements
3. Sub-hiring: Include when sub-hiring of the asset is to be permitted or explicitly prohibited
4. Purchase Option: Include when the lessee has an option to purchase the asset at the end of the hire period
5. Service Level Agreement: Required when specific service levels are part of the hire arrangement
6. Force Majeure: Include when specific provisions for unforeseen circumstances are needed
7. Assignment and Security: Include when transfer of rights or creation of security interests needs to be addressed
8. Competition Law Compliance: Required when the agreement might have competition law implications
1. Schedule 1 - Asset Specification: Detailed technical specifications and condition report of the hired asset
2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments, including timing and calculation method
3. Schedule 3 - Service Level Requirements: Detailed service levels and performance metrics if applicable
4. Schedule 4 - Maintenance Schedule: Detailed maintenance requirements and schedules
5. Schedule 5 - Insurance Requirements: Specific insurance requirements and minimum coverage levels
6. Appendix A - Delivery and Acceptance Form: Template for confirming delivery and acceptance of the hired asset
7. Appendix B - Return Condition Requirements: Detailed requirements for the condition of the asset upon return
8. Appendix C - Authorized Users: List of persons authorized to use or operate the hired asset if applicable
Authors
Asset
Business Day
Commencement Date
Condition Report
Contract Period
Default
Delivery Date
Delivery Location
Early Termination Fee
Fair Wear and Tear
Force Majeure Event
Hire Charges
Initial Period
Insurance Requirements
Lessor
Lessee
Maintenance Schedule
Normal Working Hours
Operating Manual
Payment Date
Permitted Use
Purchase Option
Related Agreements
Rental Period
Return Condition
Return Date
Return Location
Service Levels
Specification
Sub-hiring
Term
Territory
Total Loss
Warranties
Term and Duration
Delivery
Payment Terms
Use of Asset
Maintenance and Repair
Insurance
Risk and Title
Warranties
Indemnification
Liability Limitation
Force Majeure
Termination
Return of Asset
Assignment
Confidentiality
Data Protection
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendment
Third Party Rights
Health and Safety
Compliance with Laws
Sub-hiring
Security Interest
Default
Remedies
Purchase Option
Service Levels
Operating Requirements
Inspection Rights
Record Keeping
Manufacturing
Construction
Transportation and Logistics
Agriculture
Technology and IT
Healthcare
Real Estate
Automotive
Industrial Equipment
Office Equipment
Energy and Utilities
Retail
Legal
Procurement
Finance
Operations
Risk Management
Compliance
Asset Management
Commercial
Facilities Management
Business Development
Contract Administration
Legal Counsel
Contract Manager
Fleet Manager
Procurement Manager
Operations Director
Finance Manager
Risk Manager
Compliance Officer
Asset Manager
Business Development Manager
Commercial Director
Equipment Manager
Facilities Manager
Chief Financial Officer
Chief Operating Officer
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