Equipment Leasing Agreement
POSSESSION AND SURRENDER OF EQUIPMENT: Lessee shall be entitled to
possession of the Equipment on the first day of the Lease Term. At the expiration of the Lease Term, Lessee shall surrender the Equipment to Lessor by delivering the Equipment to Lessor or Lessor’s agent in good condition and working order, ordinary wear and tear excepted, as it was at the commencement of the Agreement.
Leasing equipment may be better than buying for many reasons. A lease can provide lower monthly payments, a fixed financing rate, certain tax advantages, conservation of working capital, and immediate access to up-to-date business tools.
Sample
Equipment Leasing AgreementEquipment Leasing Agreement
( Name of Company ) agrees to furnish and Customer agrees to hire the services of ______________________________________________ ______________("Equipment"), to be installed at the address (s) indicated below, subject solely to the terms and conditions of the existing ( Name of Company )Contract Pricing Agreement between________________________________________ and ( Name of Company ) .
Monthly Annual Two Year Contract No: Customer and Billing Address Installation Address ____________________________ ________________________ ____________________________ ________________________ ____________________________ ________________________ ____________________________ ________________________
Customer acknowledges the responsibilities of providing suitable electrical service and the payment of charges for the placement, removal, and any rigging expense for the equipment and accessories ordered herein.
Earliest Customer Acceptance Date_____________ Equipment Purchase Order Required Yes, if yes complete below: Equipment Purchase Order No:_____________From_______To_________ CCP Special Reference Number_______________________ Customer Authorizes Initial Supplies: Yes: No Supply Purchase Order No:__________Supply Agreement No:________ Supply Purchase Order: Not necessary Attached To Follow
Acceptance of this agreement is contingent upon review and approval of ( Name of Company ) Credit Department.
This Agreement shall terminate in the event that Customer makes an assignment for the benefit of creditors, or a voluntary or involuntary petition is filed by or against the Customer under any law having for its purpose the adjudication of Customer as bankrupt or the reorganization of Customer or may be cancelled by ( Name of Company ) without notice should Customer default in the payment of any money due hereunder.
____________________ ___________________ Customer's Signature ( Name of Company ) By:_________________ By________________Date_____ Title_______________ Title_________Branch_______ |
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Equipment Leasing AgreementLabels: agreement, businessletters, equipment, leasing