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Truck Lease Agreement
"I need a Truck Lease Agreement under Malaysian law for a fleet of 5 refrigerated delivery trucks to be used in Kuala Lumpur and Selangor, with the lease starting from March 1, 2025, including specific provisions for temperature monitoring and maintenance of cooling systems."
1. Parties: Identification of the lessor and lessee, including full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement and brief description of the parties' intention to enter into a truck lease arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Lease Term: Duration of the lease, including commencement and termination dates
5. Lease Payments: Payment terms, amounts, frequency, and method of payment
6. Vehicle Description: Detailed description of the leased truck(s), including make, model, year, and registration number
7. Delivery and Return: Terms for initial delivery and final return of the vehicle
8. Use of Vehicle: Permitted uses, territorial limits, and restrictions on vehicle usage
9. Maintenance and Repairs: Responsibilities for vehicle maintenance, repairs, and servicing
10. Insurance Requirements: Mandatory insurance coverage and party responsible for insurance
11. Liability and Indemnity: Allocation of risks and responsibilities between parties
12. Termination: Circumstances and procedures for early termination
13. Governing Law: Specification of Malaysian law as governing law and jurisdiction
14. Execution: Signature blocks and execution details
1. Multiple Vehicle Provisions: Additional terms for leasing multiple trucks, used when the agreement covers a fleet rather than a single vehicle
2. Sublease Rights: Terms allowing or prohibiting subleasing, included when sublease rights are relevant to the business arrangement
3. Driver Requirements: Specific requirements for drivers, included when the lessor wants to ensure specific driver qualifications
4. Fuel Management: Terms regarding fuel cards or fuel management systems, included when fuel management is part of the lease arrangement
5. GPS and Tracking: Terms regarding vehicle tracking systems, included when vehicles are equipped with GPS or tracking devices
6. Cross-Border Usage: Terms for international travel, included when cross-border transportation is anticipated
7. Environmental Compliance: Specific environmental requirements, included for environmentally sensitive operations
1. Schedule 1 - Vehicle Specifications: Detailed technical specifications of the leased truck(s)
2. Schedule 2 - Lease Payment Schedule: Detailed breakdown of lease payments, including dates and amounts
3. Schedule 3 - Maintenance Schedule: Required maintenance intervals and procedures
4. Schedule 4 - Condition Report: Initial condition report of the vehicle(s) at time of delivery
5. Schedule 5 - Insurance Requirements: Detailed insurance requirements and minimum coverage levels
6. Appendix A - Authorized Drivers: List of authorized drivers and their qualifications (if applicable)
7. Appendix B - Operating Territories: Approved geographical areas for vehicle operation
Authors
Business Day
Commencement Date
Commercial Vehicle License
Default Event
Deposit
Expiry Date
Fair Wear and Tear
Fleet Manager
Insurance Policy
Lease Payment
Lease Period
Lease Term
Lessee
Lessor
Maintenance Schedule
Operating Territory
Payment Date
Permitted Use
Registration Card
Replacement Vehicle
Road Tax
Security Deposit
Service Record
Term
Territory
Total Loss
Vehicle
Vehicle Documentation
Vehicle Specifications
Delivery and Acceptance
Lease Payments
Security Deposit
Insurance
Maintenance and Repairs
Use Restrictions
Operating Territory
Driver Requirements
Vehicle Registration
Licensing and Permits
Indemnification
Default
Termination
Force Majeure
Assignment
Confidentiality
Notices
Entire Agreement
Governing Law
Dispute Resolution
Severability
Amendments
Warranties
Liability
Compliance with Laws
Return of Vehicle
Inspection Rights
Environmental Compliance
Health and Safety
Record Keeping
Reporting Requirements
Transportation and Logistics
Manufacturing
Construction
Retail and Distribution
Agriculture
Mining
Waste Management
Food and Beverage
E-commerce
Industrial Services
Warehousing
Import/Export
Legal
Operations
Procurement
Logistics
Fleet Management
Finance
Risk Management
Compliance
Supply Chain
Facilities Management
Fleet Manager
Logistics Manager
Procurement Manager
Operations Director
Commercial Manager
Supply Chain Manager
Transportation Manager
Contract Administrator
Legal Counsel
Risk Manager
Finance Manager
Business Development Manager
Chief Operations Officer
Facilities Manager
Compliance Officer
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