The California Master Lease Agreement is a legally binding contract entered into by Lu cent Technologies, Inc. Internet working Systems and PhoneXchange, Inc. that outlines the terms and conditions for leasing equipment and services in the state of California. This agreement serves as a framework for the ongoing business relationship between Lu cent Technologies, Inc. Internet working Systems and PhoneXchange, Inc. and covers various aspects such as lease term, payment obligations, equipment specifications, and maintenance responsibilities. Keywords: 1. California Master Lease Agreement: This refers to the specific lease agreement being discussed, which is governed by California state laws. 2. Lu cent Technologies, Inc.: This is one of the parties involved in the agreement and represents the leasing entity. 3. Internet working Systems: This indicates the specific division or department within Lu cent Technologies, Inc. that deals with networking and related services. 4. PhoneXchange, Inc.: This is the other party involved in the agreement and represents the lessee or the entity leasing the equipment and services. 5. Lease term: This refers to the duration for which the equipment and services will be leased, which could range from a few months to several years. 6. Payment obligations: This section outlines the financial responsibilities of PhoneXchange, Inc. in terms of lease payments, including the frequency, amounts, and any additional charges or penalties. 7. Equipment specifications: This covers the details of the specific equipment being leased, such as model numbers, quantities, and any special features or configurations required by PhoneXchange, Inc. 8. Maintenance responsibilities: This section outlines the responsibilities of both parties regarding equipment maintenance and repair, such as routine inspections, servicing, and troubleshooting. Types of California Master Lease Agreement between Lu cent Technologies, Inc. Internet working Systems and PhoneXchange, Inc.: 1. Standard California Master Lease Agreement: This is the most common type of lease agreement that covers the general terms and conditions for leasing equipment and services between Lu cent Technologies, Inc. Internet working Systems and PhoneXchange, Inc. 2. Customized California Master Lease Agreement: This type of agreement may be created when specific equipment, service requirements, or financial terms need to be tailored to meet the unique needs of PhoneXchange, Inc. It may involve additional negotiations or modifications to the standard agreement.