Document background
The Equipment Lease Contract is a fundamental commercial document used in Qatar when one party wishes to lease equipment to another party without transferring ownership. This document is essential for businesses and individuals seeking to acquire use of equipment without the capital expenditure of purchasing. The agreement must comply with Qatar's Civil Code (Law No. 22 of 2004) and Commercial Code (Law No. 27 of 2006), particularly regarding contract formation, obligations, and leasing provisions. It's commonly used across various industries and can be adapted for different types of equipment, from heavy machinery to office equipment. The contract typically includes detailed specifications of the equipment, maintenance requirements, payment schedules, and risk allocation between parties, while incorporating specific provisions required under Qatar's Financial Leasing Law (Law No. 24 of 2019).
