Lease Termination Agreement Trucking Template for India

1. Outstanding Obligations: Used when there are ongoing contracts or commitments that need to be addressed

2. Environmental Compliance: Required when there are specific environmental requirements or concerns to be addressed

3. Insurance Provisions: Included when there are specific insurance settlement or transfer requirements

4. Third-Party Rights: Needed when there are third-party interests, liens, or encumbrances on the vehicle

5. State-Specific Compliance: Required when operations span multiple states with different regulatory requirements

6. Dispute Resolution: Detailed dispute resolution procedures if parties want specific mechanisms beyond court jurisdiction

7. Employee Matters: Required when the termination affects employment agreements or driver contracts

8. Maintenance Records Transfer: Included when there are significant maintenance records or warranties to be transferred

1. Schedule A - Vehicle Details: Detailed description of vehicle(s) including registration numbers, make, model, and current condition

2. Schedule B - Financial Statement: Detailed breakdown of all financial settlements, including pending payments and refunds

3. Schedule C - Return Checklist: Comprehensive checklist for vehicle return inspection and documentation

4. Schedule D - Outstanding Permits: List of all permits and licenses requiring transfer or cancellation

5. Appendix 1 - Original Lease Agreement: Copy of the original lease agreement being terminated

6. Appendix 2 - Vehicle Inspection Report: Current condition report with photographs and technical assessment

7. Appendix 3 - Compliance Certificates: Copies of all relevant compliance and clearance certificates