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Equipment Lease Agreement
"Need an Equipment Lease Agreement for leasing construction machinery (2 excavators and 1 crane) to a Singapore-based contractor for a 24-month period starting March 2025, with monthly maintenance provisions and an option to purchase at the end of the term."
1. Parties: Identification and details of lessor and lessee
2. Background: Context and purpose of the lease arrangement
3. Definitions: Key terms used throughout the agreement
4. Equipment Description: Detailed description of leased equipment including specifications
5. Lease Term: Duration of lease and renewal provisions
6. Rental Payments: Payment terms, amounts, and schedule
7. Delivery and Return: Terms for equipment delivery and return
8. Maintenance and Repairs: Responsibilities for equipment maintenance
9. Insurance: Required insurance coverage and responsibilities
10. Termination: Conditions for early termination and consequences
1. Purchase Option: Terms for purchasing equipment at end of lease (include when offering purchase option to lessee)
2. Sub-letting: Terms regarding sub-letting of equipment (include when sub-letting might be permitted)
3. Training: Provisions for equipment operation training (include for complex equipment requiring specific training)
4. Import/Export: Terms for international movement of equipment (include for cross-border leases)
1. Equipment Schedule: Detailed list and specifications of all equipment
2. Payment Schedule: Detailed breakdown of payment amounts and dates
3. Maintenance Schedule: Required maintenance procedures and intervals
4. Insurance Requirements: Detailed insurance specifications
5. Condition Report: Initial condition of equipment at delivery
Authors
Business Day
Commencement Date
Confidential Information
Default
Delivery Date
Delivery Location
Equipment
Event of Default
Expiry Date
Force Majeure
Insurance Requirements
Lease Period
Lease Payments
Lessee
Lessor
Maintenance Schedule
Operating Manual
Permitted Use
Purchase Option Price
Rental Period
Security Deposit
Specifications
Term
Termination Date
Territory
Total Loss
Warranty Period
Assignment and Sub-letting
Condition and Maintenance
Confidentiality
Delivery and Installation
Early Termination
Equipment Use
Events of Default
Force Majeure
Governing Law
Health and Safety
Indemnification
Insurance
Intellectual Property
Late Payment
Liability Limitations
Loss or Damage
Maintenance and Repairs
Notice Requirements
Payment Terms
Purchase Option
Rent and Charges
Return of Equipment
Risk and Title
Security Deposit
Taxes and Duties
Termination
Warranties and Representations
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