Equipment Lease Agreement

An Equipment Lease Agreement is commonly used when one party rents or leases equipment to another for a specified price and time. It is important to have a written Equipment Lease Agreement for a variety of reasons. A written agreement clearly sets out the terms of the agreement (price, term, and liability for repairs) and the rights and obligations of each party. Should a dispute arise, the parties have a written agreement to refer to for guidance. (continued ...)