Master Lease Agreement (Equipment Financing)

Summary

This precedent is a master lease agreement for the lease of equipment numerous times over a term. It contains practical guidance and drafting notes. This precedent governs numerous lease transactions. For that reason, the Master Lease Agreement outlines the legal relationship between the parties that are applicable to each transaction and the schedules outlines the economic terms governing the relationship on a transaction-by-transaction basis for each piece of equipment or group of equipment financing. The provisions in this agreement are those that should be found in a well-drafted lease for small to medium transactions. Provisions in a relatively large lease Lease will require more modification to relate to the specific circumstances. However, as the commentary shows, the provisions are by no means the only variation and thus are provided as examples only and should not be relied upon without obtaining legal advice. Please see the precedent: Master Lease Schedule (Equipment ...