An equipment lease is a legal agreement that specifies the rights and obligations between a lessor (who owns equipment) and a lessee (to whom the lease gives certain rights to possess and use the equipment). These equipment lease forms may be tailored to meet your individual needs, whether you are the lessor or the lessee. Simply select your State and choose the equipment lease form appropriate to your situation.
Equipment Lease Forms
What is "equipment"? The term "equipment' in a legal sense is generally held to include all the fixed assets other than land and buildings of a business enterprise. This definition will include such things as tools, machinery and other items necessary to the function of a business.
Below is a partial listing of the types of forms that U. S. Legal Forms™, Inc. can provide:
In an equipment lease, the lessor may also assign the lease. In addition to assigning the lease, all rights of the lessor may be pledged, mortgaged, transferred, or otherwise disposed of, either in whole or in part, without notice to the lessee.
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