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Master Leasing Agreement
"I need a Master Leasing Agreement for leasing construction equipment to multiple contractors in the UK, with specific provisions for maintenance responsibilities and an option to purchase after 36 months."
1. Parties: Identifies and defines the lessor and lessee with full legal names and addresses
2. Background: Sets out the context and purpose of the master leasing arrangement
3. Definitions: Defines key terms used throughout the agreement including Equipment, Lease Period, Rental Payments
4. Equipment/Assets: Describes the types of equipment/assets that may be leased under the agreement and conditions for their use
5. Lease Terms: Core leasing provisions including duration, payment terms, conditions, and delivery/return requirements
6. Maintenance and Repairs: Responsibilities for maintaining and repairing leased items, including allocation of costs
7. Insurance: Insurance requirements and responsibilities for the leased equipment
8. Termination: Conditions and process for terminating the agreement, including early termination provisions
1. Purchase Option: Terms for purchasing leased items at end of lease - include when offering purchase options to lessees
2. Import/Export: Provisions for international movement of leased items - include for international leasing arrangements
3. Data Protection: GDPR and data protection compliance provisions - include when personal data is processed
4. Environmental Compliance: Environmental requirements and certifications - include for equipment with environmental implications
1. Schedule 1 - Equipment Schedule: Detailed list of equipment/assets available for lease with specifications
2. Schedule 2 - Pricing Schedule: Lease rates and payment terms for different equipment categories
3. Schedule 3 - Service Level Agreement: Maintenance and support service levels if included in the lease arrangement
4. Schedule 4 - Form of Individual Lease: Template for individual leases to be executed under the master agreement
5. Schedule 5 - Return Conditions: Detailed specifications for the condition in which equipment must be returned
Authors
Additional Equipment
Applicable Law
Business Day
Casualty Loss
Commencement Date
Confidential Information
Default
Default Rate
Equipment
Event of Default
Fair Market Value
Force Majeure
Governmental Authority
Individual Lease
Insurance Requirements
Lease Payment
Lease Period
Lease Schedule
Lease Term
Lessee
Lessor
Loss
Maintenance Requirements
Material Adverse Effect
Operating Costs
Payment Date
Permitted Use
Purchase Option
Rent
Replacement Value
Security Interest
Specifications
Taxes
Term
Termination Value
Total Loss
Transfer
Use Conditions
VAT
Equipment Lease
Lease Term
Rent and Payments
Delivery and Acceptance
Title and Ownership
Use and Maintenance
Insurance
Representations and Warranties
Covenants
Indemnification
Default and Remedies
Termination
Assignment and Subletting
Force Majeure
Confidentiality
Data Protection
Intellectual Property
Notices
Governing Law
Jurisdiction
Dispute Resolution
Entire Agreement
Amendments
Severability
Waiver
Third Party Rights
Counterparts
Further Assurance
Return of Equipment
Option to Purchase
Tax and VAT
Compliance with Laws
Record Keeping
Inspection Rights
Security Interest
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