[{"data":1,"prerenderedAt":528},["ShallowReactive",2],{"document-computer-lease-agreement-D1138":3},{"document":4,"label":23,"preview":11,"thumb":24,"thumb600":25,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":26,"breadcrumb":30,"related":38,"customDescModule":178,"customdescription":6,"mdFm":179,"mdProseHtml":527},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":22},"COMPUTER LEASE AGREEMENT This Computer Lease Agreement (the \"Lease\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Lessor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [LESSEE NAME] (the \"Lessee\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth, the parties hereto agree as follows: Lease Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the following described equipment (the \"Equipment\"): [Equipment] Rental The total rental fee shall be [amount] for the term of [Number] weeks dating from [date]. Title to Computers Title to the computers that are the subject matter of this lease shall be and remain with Lessor at all times during the term hereof. Maintenance of Machines Lessor guarantees, at its own cost and expense, to keep the computers in good working condition during the term of this lease. Liability Lessee shall not be liable in any way, or to any extent at all for or on account of any injury to any property at any time in said premises or on account of the theft, or destruction of any property at any time on said premises. Lessee shall not be responsible for the locking-up and securing of premises. Maintenance ",null,"Computer Lease Agreement","2",37,"doc","https://templates.business-in-a-box.com/imgs/1000px/computer-lease-agreement-D1138.png","https://templates.business-in-a-box.com/imgs/250px/1138.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1138.xml",{"title":6,"description":6},[16,19],{"label":17,"url":18},"Production & Operations","/templates/production-operations/",{"label":20,"url":21},"Equipment Agreement","/templates/equipment-agreement/","computer lease agreement","Computer Lease Agreement Template","https://templates.business-in-a-box.com/imgs/400px/1138.png","https://templates.business-in-a-box.com/imgs/600px/1138.png",[27,16,19],{"label":28,"url":29},"Templates","/templates/",[31,32,35],{"label":28,"url":29},{"label":33,"url":34},"Legal Agreements","/templates/business-legal-agreements/",{"label":36,"url":37},"Real Estate & Leases","/templates/real-estate-and-leases/",[39,43,47,51,55,59,63,67,71,75,79,83,87,103,120,136,151,166],{"label":40,"url":41,"thumb":42,"extension":10},"Agreement to Lease","/template/agreement-to-lease-D1164","https://templates.business-in-a-box.com/imgs/250px/1164.png",{"label":44,"url":45,"thumb":46,"extension":10},"Exclusive Lease Agreement","/template/exclusive-lease-agreement-D12808","https://templates.business-in-a-box.com/imgs/250px/12808.png",{"label":48,"url":49,"thumb":50,"extension":10},"Land Lease Agreement","/template/land-lease-agreement-D13423","https://templates.business-in-a-box.com/imgs/250px/13423.png",{"label":52,"url":53,"thumb":54,"extension":10},"Storage Lease Agreement","/template/storage-lease-agreement-D13779","https://templates.business-in-a-box.com/imgs/250px/13779.png",{"label":56,"url":57,"thumb":58,"extension":10},"Lease Assignment Agreement","/template/lease-assignment-agreement-D13021","https://templates.business-in-a-box.com/imgs/250px/13021.png",{"label":60,"url":61,"thumb":62,"extension":10},"Agreement to Cancel Lease","/template/agreement-to-cancel-lease-D1163","https://templates.business-in-a-box.com/imgs/250px/1163.png",{"label":64,"url":65,"thumb":66,"extension":10},"Ground Lease Agreement","/template/ground-lease-agreement-D12868","https://templates.business-in-a-box.com/imgs/250px/12868.png",{"label":68,"url":69,"thumb":70,"extension":10},"Industrial Lease Agreement","/template/industrial-lease-agreement-D5212","https://templates.business-in-a-box.com/imgs/250px/5212.png",{"label":72,"url":73,"thumb":74,"extension":10},"Commercial Lease Agreement","/template/lease-agreement-D1179","https://templates.business-in-a-box.com/imgs/250px/1179.png",{"label":76,"url":77,"thumb":78,"extension":10},"Lease To Own Agreement","/template/lease-to-own-agreement-D12870","https://templates.business-in-a-box.com/imgs/250px/12870.png",{"label":80,"url":81,"thumb":82,"extension":10},"Option to Lease Agreement","/template/option-to-lease-agreement-D1193","https://templates.business-in-a-box.com/imgs/250px/1193.png",{"label":84,"url":85,"thumb":86,"extension":10},"Month To Month Lease Agreement","/template/month-to-month-lease-agreement-D12660","https://templates.business-in-a-box.com/imgs/250px/12660.png",{"description":88,"descriptionCustom":6,"label":89,"pages":90,"size":91,"extension":10,"preview":92,"thumb":93,"svgFrame":94,"seoMetadata":95,"parents":96,"keywords":101,"url":102},"EQUIPMENT LEASE AGREEMENT This Equipment Lease Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Lessor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Lessee\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WITNESSETH that in consideration of the mutual covenants and agreements to be performed and kept during the terms hereof and of any renewal, the Lessor and the Lessee covenant and agree as follows: LEASE The Lessor hereby leases to the Lessee and the Lessee hereby leases from the Lessor the equipment described in [SPECIFY SCHEDULE] and in all other Schedules which may hereafter be executed by the [COMPANY NAME] for the purpose of adding equipment thereto, which equipment including all original and replacement items, parts, accessories, and additions relating thereto is hereafter called the \"Equipment\". EQUIPMENT DESCRIPTION The Lessee authorizes the Lessor to complete the description of the Equipment in [SPECIFY SCHEDULE] with the insertion of serial numbers and other details specifically identifying the Equipment, such schedule to be signed by both parties hereto and form part of this Lease. WARRANTIES BY LESSEE & LESSOR The Lessee and Lessor each represents and warrants that it has the power to enter into this lease, and that this lease is properly and lawfully authorized and executed by it. LESSOR'S WARRANTIES Lessor and Lessee acknowledge that there are no other warranties, conditions, terms, representations of inducements expressed or implied statutory or otherwise, save as are expressly contained in this lease. Lessor warrants that the equipment shall be delivered to the Lessee in accordance with the specifications contained in [SPECIFY SCHEDULE]. The Lessor makes no representations with respect to the suitability of the equipment to the Lessee's operations. Lessor's warranties shall not extend to any party assigned this Lease by Lessor pursuant to Clause [NUMBER] herein. WARRANTIES BY MANUFACTURERS Any warranties, conditions or guarantees by the manufacturers or suppliers of the Equipment are theirs alone and not the Lessor's but are for the joint and several benefit of and enforcement by the Lessee and the Lessor. Any claims of the Lessee in connection with manufacturer's warranties, conditions or guarantees shall be made directly by the Lessor (but not Lessor's assignee) on behalf of the Lessee against the manufacturer or supplier only. TITLE The Lessor covenants that it has good titles to the Equipment and the Lessee acknowledges the Lessor's ownership of and title to the Equipment and covenants to defend the same against any contrary claim. TERM The term of this lease with respect to each piece of Equipment shall commence on the date of acceptance thereof by the Lessee in accordance with Clause [NUMBER] herein and shall continue for the term specified in [SPECIFY SCHEDULE] hereto. Rental payments with respect to each piece of Equipment shall commence and accrue due to the Lessor on such date of acceptance of such piece of Equipment by the Lessee. POSSESSION, LOCATION The Lessee shall take and, when not in default hereunder, retain exclusive control of the Equipment from the Lessee's location shown on [SPECIFY SCHEDULE]. The Lessee shall not change such location without the Lessor's prior written consent, which will not be unreasonably withheld. PERSONAL PROPERTY, LANDLORD'S DISTRESS The Equipment is and shall remain personal and moveable property. The Lessee shall not affix the Equipment nor permit it to be affixed so that it becomes part of realty and shall notify the Lessee's, Landlords, mortgagees, insurers and all others who may have an interest in or claim against the premises where the Equipment is to be located. Any removal from such premises shall be at the Lessee's risk and expense. IDENTIFICATION PLATES The Lessor may affix plates, tags or markings to the Equipment showing its interest therein, and the Lessee may display its name and such other information as may reasonably promote its business, such Lessee's markings shall be mutually approved by the parties. All Lessee's markings must be removed by the Lessee upon termination of the lease. ORDER, DELIVERY, INSTALLATION Order and delivery and installations of the Equipment shall be entirely at the Lessor's risk and expense and shall be arranged by the Lessor on behalf of the Lessee in a manner and upon terms and conditions according to the Lessee's written instructions and, to the extent of such instructions are not provided for, according to the Lessor's sole discretion but still at the Lessor's risk and expense. The Lessor shall not be responsible for any costs, losses or damages suffered by the Lessee arising out of or in connection with delays in or refusal to accept delivery of equipment. INSPECTION The Lessee shall inspect the equipment prior to delivery and accept or reject it. Notice of rejections shall be received in writing within [NUMBER] hours by the Lessor and in the absence thereof, the Lessee shall be deemed conclusively to have accepted the Equipment. Rejection shall only occur if the equipment is not in accordance with the specifications contained in [SPECIFY SCHEDULE] or as the result of faulty materials or workmanship. RE-DELIVERY, REMOVAL AT TERMINATION Upon termination of this lease for any reason, the Lessee shall deliver the Equipment entirely at its own expense to an address as designated by the Lessor in the same condition as received, reasonable wear and tear from proper use only accepted, within [NUMBER] days of the date of termination. Brakes and tires will show no more than [PERCENTAGE %] wear for each year of the Lease has elapsed and the trailers must have all signage and customer specified paint removed and returned to a white color. All damages from accident and abuse must be repaired prior to the termination of the Lease in a manner approved by the Lessor. RENT: OTHER PAYMENTS: NO SET-OFF The Lessee shall pay to the Lessor rental in the amount and at the times shown in Schedule \"A\" hereto. The Lessee shall pay to the Lessor on demand all other amounts becoming payable hereunder. The Lessee shall make such payments to the Lessor at the address of the Lessor shown above or as otherwise designated by the Lessor, without any set-off or reduction whatsoever for claims the Lessee may assert against the Lessor. Any payment not paid by the due date shall bear interest thereafter at [PERCENTAGE %] per month. UNCONDITIONAL PAYMENT Lessee's obligation to pay rent and other amounts hereunder shall be absolute and unconditional under all circumstances and without limiting the generality of the foregoing, shall not be affected by the following: Failure of the Equipment to perform in the manner expected by the Lessee. Damage to or destruction of the Equipment so that it is either completely beyond repair or partially so and whether or not it is economically justifiable to repair. Theft of the Equipment or part thereof irrespective of whether the Equipment was insured by the Lessee or the Equipment is uninsured. Seizure of the Equipment by a third party (including landlord or mortgages of the premises on which the Equipment is located). USE: MAINTENANCE: REPAIR The Lessee shall comply with all applicable laws, rules and regulations of government or other authority, with all manufacturer's and Lessor's published operation and maintenance instructions and specifications, and with all terms of any insurance policy in connection with the Equipment. The Lessor may inspect the state of repair of the Equipment at any reasonable time. ALTERATIONS ETC. TO EQUIPMENT","Equipment Lease Agreement","7",71,"https://templates.business-in-a-box.com/imgs/1000px/equipment-lease-agreement-D1140.png","https://templates.business-in-a-box.com/imgs/250px/1140.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1140.xml",{"title":6,"description":6},[97,99],{"label":17,"url":98},"production-operations",{"label":20,"url":100},"equipment-agreement","equipment lease agreement","/template/equipment-lease-agreement-D1140",{"description":104,"descriptionCustom":6,"label":105,"pages":106,"size":107,"extension":10,"preview":108,"thumb":109,"svgFrame":110,"seoMetadata":111,"parents":113,"keywords":112,"url":119},"SOFTWARE LICENSE AGREEMENT This Software License Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [FIRST PARTY NAME] (the \"Licensor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [LICENSEE NAME] (the \"Licensee\"), an individual with his main address located at ______________ OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS the Licensor owns [SOFTWARE NAME] (the \"Software\") and wishes to grant a license to the Licensee, along with the right to use and operate the Software in [TERRITORY] (the \"Territory\") and the Licensee agrees to take the said license from the Licensor upon the terms and conditions as set forth in this Agreement. NOW THEREFORE, in consideration of the premises and of the mutual agreements contained in this Agreement, the Parties hereto agree as follows: DEFINITIONS AND INTERPRETATION The following definitions apply throughout this Agreement unless otherwise stated: \"Agreement\" means this Software Licensing Agreement and any amendment made thereto from time to time by the Parties hereto. \"Software\" refers to [SOFTWARE NAME]. \"Derivative Works\" mean works developed by the Licensee, its officers, agents, contractors or employees, which are based upon, in whole or in part, the Source Code and/or the Documentation and may also be based upon and/or incorporate one or more other pre-existing works. Derivative Works may be any Improvement, revision, modification, translation (including compilation or recapitulation by computer), abridgment, condensation, expansion, or any other form in which such a pre-existing work may be recast, transformed, or adapted. For purposes hereof, a Derivative Work shall also include any compilation that incorporates such a pre-existing work. \"Documentation\" means written, printed or otherwise recorded or stored (digital or paper) material relating to the Software and Source Code, including technical specifications and instructions for its use, including Source Code annotations and other descriptions of the principles of operation of the Source Code and tools and instructions for its use. \"Source Code\" means the computer programming Source Code form of the Software in the form provided by the Licensor to the Licensee, and includes all non-third-party executables, libraries, components, and Documentation created or used in the creation, development, maintenance, and support of the Software, as well as all updates, Error corrections and revisions thereto provided by the Licensor, all provided by the Licensor for use, in whole or in part, either by itself or in the development of Derivative Works. \"Improvements\" shall mean, with respect to the Source Code, all modifications and changes made, developed, acquired or conceived after the date hereof and during the entire term of this Agreement. TERM This Agreement shall come into effect on [SPECIFY DATE] and shall continue until termination of this Agreement. GRANT OF LICENSE The Licensor hereunder grants to the Licensee an exclusive, non-transferable, irrevocable, royalty-free license to use and operate the Software in the Territory, including but not limited to the right and license to use and incorporate the Source Code and/or the Documentation, in whole or in part, to develop Derivative Works (including the integration of all or part of the Source Code into the Licensee's own software), and to compile, use, copy, and distribute executable versions of such Derivative Works. The Licensor shall hereunder provide the Source Code and all other Software related information to the Licensee and also hereby allows the Licensee to modify the said Software, change its Source Code, and change its name and logo at any time and at its sole discretion without any notification to the Licensor. The Licensee shall also have the right and license to use and copy the Source Code, in whole or in part, in compiled, object-code form for the Licensee's internal testing and development use and also the right and license to make a reasonable number of backup and archival copies of Source Code and Documentation. The Licensee shall not, however, transfer or sublicense the Software to any third party, in whole or in part, in any form, whether modified or unmodified. DELIVERABLES The Licensor shall hand over the Software, including the Source Code, to the Licensee in order to be used and operated by the Licensee in the Territory within a period of [SPECIFY DAYS OR MONTHS] from the date of signing this Agreement. SUPPORT AND WARRANTY PERIOD For a period of [SPECIFY MONTHS OR YEARS] (the \"Warranty period\") from the date of the deliverables, as mentioned in clause 4 of this Agreement, the Licensor, at no additional charge, shall provide to the Licensee: the Source Code for all upgrades, updates, patches, fixes and other modifications to the Software (\"Software Modifications\"); Error correction services, more specifically, to the extent the Source Code (and/or the files resulting from compiling the Source Code), programming services, instructions and/or source code to correct such Errors to bring the Source Code (and/or the files resulting from compiling the Source Code) into compliance with the representations and warranties set forth in this Agreement. The Licensor shall use commercially reasonable measures to provide Error corrections, or a work-around for such Errors, within [NUMBER OF DAYS] days of notification by the Licensee. Where a work-around is initially provided, the Licensor shall continue to use commercially reasonable efforts to develop an Error correction until such Error correction is delivered. To the extent an Error is intermittent in nature and the Licensee is having problems recreating the Error for the purposes of reporting Errors to the Licensor, the Licensor shall provide assistance to the Licensee in recreating the Error; personnel with levels of expertise (both general technical as well as specifically with respect to the Software and the Source Code) to provide technical support, advice and consultation to the Licensee. Such technical support and assistance shall include, without limitation, support and assistance with respect to the Software, Source Code, and the Licensee's development efforts, and shall also include technical support consulting services for modifications to the Source Code made by the Licensee. LICENSE FEE The Licensee shall pay the Licensor for this license at the rate of [AMOUNT] per [month] payable in advance. The first payment shall be made on the date of the beginning of the period specified above. Subsequent payments shall be made in advance promptly on the [day of each month] thereafter during the continuation of this Agreement. All payments hereunder shall be made in [CURRENCY] currency and via [MODE OF PAYMENT] as the mode of payment. REPRESENTATIONS AND WARRANTIES OF LICENSOR The Licensor hereby represents and warrants that the license granted hereunder to the Licensee has been granted on [SPECIFY \"AN EXCLUSIVE\" OR \"A NON-EXCLUSIVE\"] basis. The Licensor represents and warrants that the Software and services shall be provided in a good and professional manner in accordance with industry practices. The Licensor represents and warrants that the Software shall be bug-free, error-free and compatible with third-party software, and, in case of any bugs etc. in the Software, this shall be rectified by the Licensor free of cost during the Warranty period.","Software License Agreement","8",513,"https://templates.business-in-a-box.com/imgs/1000px/software-license-agreement-D12928.png","https://templates.business-in-a-box.com/imgs/250px/12928.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12928.xml",{"title":112,"description":6},"software license agreement",[114,116],{"label":33,"url":115},"business-legal-agreements",{"label":117,"url":118},"License Agreements","license-agreement","/template/software-license-agreement-D12928",{"description":121,"descriptionCustom":6,"label":122,"pages":106,"size":107,"extension":10,"preview":123,"thumb":124,"svgFrame":125,"seoMetadata":126,"parents":128,"keywords":127,"url":135},"REMOTE WORK AGREEMENT This Remote Work Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [NAME OF THE EMPLOYER], (the \"Employer\" or \"Company\"), a Company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [NAME OF THE EMPLOYEE], (the \"Employee\"), an individual with their main address located at: [COMPLETE ADDRESS] Collectively, the Employer and the Employee shall be referred to as the \"Parties.\" WHEREAS, the Company has made an offer to the Employee to work remotely in the capacity of [JOB TITLE] at the Company; NOW THEREFORE in consideration and as a condition of the Parties entering into this Agreement and other valuable considerations, the receipt and sufficiency of which consideration is acknowledged, the Parties agree as follows: APPOINTMENT The Company hereby offers the Employee appointment, and the Employee agrees to serve the Company to work remotely in the capacity of [JOB TITLE] as of [DATE] (the \"Effective Date\"). PROBATION PERIOD The Employee will be on a Probation Period for a period of [MONTHS/DAYS]. The Employee's confirmation as a permanent employee is subject to the Employee making a positive contribution to the Company and is further subject to meeting certain standards and qualifying criteria during the Probation Period. PLACE OF WORK The Employee shall perform their duties at the location of their choice. The Employee will report to the [SPECIFY THE DESIGNATION] on a needs basis in the following manner: [SPECIFY THE MANNER OF COMMUNICATION]. REMOTE WORK While working remotely, the Employee will remain accessible during the remote work. The Employee will check in with the supervisor to discuss status and open issues and be available for video/teleconferences, scheduled on an as-needed basis. The Employee will take rest and meal breaks while working remotely in full compliance with all applicable policies or collective bargaining agreements, and request supervisor approval to use vacation or sick leave. To ensure that the Employee's performance will not suffer in a remote work arrangement, the Employee is advised to choose a quiet and distraction-free working space, have an internet connection that is adequate for their job and dedicate their full attention to their job duties during working hours. Equipment. The Company will provide the Employee with equipment that is essential to their job duties, like laptops and headsets. The Employee will install VPN and company-required software when the Employee receives their equipment. The Employee must keep their equipment password protected, follow all data encryption, protection standards and settings, and refrain from downloading suspicious, unauthorized or illegal software. NOTICE PERIOD During the Probation Period, if the Employee's performance is found to be unsatisfactory or if it does not meet the prescribed criteria, the Employee's employment can be terminated by the Company with [NUMBER OF DAYS] day's notice or salary thereof. The Employee will be required to give [NUMBER OF MONTHS] months' notice or salary thereof in case the Employee decides to leave the Company. DUTIES The Employee shall perform all such duties as may be delegated by the Company and comply with all such directions as the Managing Director and/or his/her nominated deputies may from time to time assign or give to the Employee. [SPECIFY DUTIES] WORKING HOURS The total working hours will be [SPECIFY HOURS] hours on Mondays to Saturdays. It is expected that the Employee will be flexible with the working hours and work such additional hours as might be necessary to efficiently perform duties under this Agreement. The Company reserves the right to change the working days and the working hours. The Employee shall be entitled to leave and holidays as per the Leave Policy of the Company. In the event the Employee is absent from work and unable to perform duties satisfactorily by reason of any injury, illness or other reason acceptable to the Company, the Employee will be entitled to receive salary and other benefits for up to [NUMBER OF DAYS] consecutive working days during any such absence, within a period of 12 consecutive months. REMUNERATION The Employee's starting total monthly gross salary and during the Probation Period will be as per details in the annexure, hereinafter known as Exhibit A. Any bonus is subject to review in accordance with the Company's practice and policies from time to time, however, there shall be no obligation on the Company to increase the salary or award bonuses at any point of time, save and except at its sole discretion. The Company shall pay or refund or procure to be paid or refunded all reasonable travelling and other similar out of pocket expenses necessarily and incurred by the Employee wholly in the proper performance of duties, subject to production by the Employee of such evidence of the expenses as the Company may reasonably require. The Employee will be required to fill in the claims forms in which the Employee shall provide the correct information of the expenses incurred. CONFIDENTIALITY AND INTELLECTUAL PROPERTY If at any time during the Employee's employment under this Agreement, the Employee participates in the making or discovery of any Intellectual Property directly or indirectly relating to or capable of being used by the Company, full details of the Intellectual Property shall immediately be disclosed in writing by the Employee to the Company and the Intellectual Property shall be the absolute property of the Company. At the request and expense of the Company, the Employee shall give and supply all such information, data, drawings, and assistance as may be necessary or in the opinion of the Company desirable to enable the Company to exploit the Intellectual Property to the best advantage as decided by the Company. The Employee shall execute all documents and do all things which may, in the opinion of the Company, be necessary or desirable for obtaining copyright, design or other protection for the Intellectual Property and for vesting the same in the Company, as the Company may direct. As Confidential Information will from time to time become known to the Employee, the Company considers and the Employee agrees that the restraints set forth in this Agreement are necessary for the reasonable protection by the Company of its business or the business of the Group, the clients thereof or their respective affairs. The Employee shall not at any time, either during the continuance of or after the termination of Employment with the Company, use, disclose or communicate to any person whatsoever any Confidential Information which the Employee has or of which he may have become possessed during employment with the Company nor shall he supply the names or addresses of any clients, customers, vendors or agents of the Company or any company of the Group to any person except as authorised by the Company or as ordered by a court of competent jurisdiction. The Employee consents to the Company holding and processing, both electronically and manually, the data it collects relating to the Employee in the course of employment, for the purpose of the Company's administration and management of its employees, its business and to comply with applicable procedures, laws and regulations. ","Remote Work Agreement","https://templates.business-in-a-box.com/imgs/1000px/remote-work-agreement-D13282.png","https://templates.business-in-a-box.com/imgs/250px/13282.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13282.xml",{"title":127,"description":6},"remote work agreement",[129,132],{"label":130,"url":131},"Human Resources","human-resources",{"label":133,"url":134},"Company Policies","company-policies","/template/remote-work-agreement-D13282",{"description":137,"descriptionCustom":6,"label":138,"pages":139,"size":140,"extension":10,"preview":141,"thumb":142,"svgFrame":143,"seoMetadata":144,"parents":145,"keywords":149,"url":150},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement","6",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[146],{"label":147,"url":148},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":152,"descriptionCustom":6,"label":153,"pages":154,"size":107,"extension":10,"preview":155,"thumb":156,"svgFrame":157,"seoMetadata":158,"parents":160,"keywords":159,"url":165},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":159,"description":6},"non disclosure agreement nda",[161,162],{"label":33,"url":115},{"label":163,"url":164},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":167,"descriptionCustom":6,"label":168,"pages":139,"size":107,"extension":10,"preview":169,"thumb":170,"svgFrame":171,"seoMetadata":172,"parents":174,"keywords":173,"url":177},"SERVICE AGREEMENT This SERVICE AGREEMENT (\"Agreement\") is effective [DATE], BETWEEN: [COMPANY NAME] (the \"Contractor\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Customer\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] (The Contractor and the Customer shall be individually referred to as a \"Party\" and collectively referred to as the \"Parties\", as the context may require). WHEREAS A. Contractor has experience and expertise in [DESCRIBE EXPERIENCE AND SERVICE]. B. Customer desires to have Contractor provide services for them. C. Contractor desires to provide services to Customer on the terms and conditions set forth herein (the \"Services\"). NOW THEREFORE, in consideration of the above recitals, the representations, warranties, and agreements contained in this Agreement and for other good and valuable consideration, the receipt and adequacy of which are now acknowledged, the Parties agree as follows: SERVICES PROVIDED Beginning on upon agreement to this contract, [CONTRACTOR] will provide to [CUSTOMER] the following service (collectively, the /Services\"): Description of the project: [DESCRIBE THE SERVICE REQUIRED]. SCOPE OF WORK Contractor agrees to provide Services pursuant to the Scope of Work set forth in Exhibit A attached hereto (the \"Scope of Work\"). TERM Unless both parties mutually agree on an extension, this contract will automatically terminate on [SPECIFY]. PERFORMANCE The parties agree to do everything possible to ensure that the terms of this Agreement take effect. PAYMENT FOR SERVICES In exchange for the Services rendered, a payment of [SPECIFY] will be made to the Contractor upon completion of the scheduled Services described in this Contract. If an invoice is not paid on the due date, interest will be added to the current balance. These amounts shall be payable, and the Customer shall pay all overdue amounts at the lesser of [SPECIFY] per cent per annum or the maximum percentage permitted by applicable law. Or Customer will pay Contractor as follows: [SPECIFY]. DELIVERY OF SERVICES The Contractor will exercise due diligence in the provision of services. However, the Customer acknowledges that the indicated delivery times and other payment milestones listed in Scope of Work are estimates and do not constitute final delivery dates. SECURITY The Contractor must make reasonable security arrangement to protect Material from unauthorized access, collection, use, alteration or disposal. OWNERSHIP RIGHT The Customer shall hold the copyright for the agreed version of the Services as delivered, and the Customer's copyright notice may be displayed in the final version. All works, ideas, discoveries, inventions, patents, products or other information that may be protected by copyright (collectively, the \"Work Product\" developed in whole or in part by the Contractor in connection with the Services, shall be the exclusive property of the Customer. Upon request, the Contractor shall execute all documents necessary to confirm or perfect the exclusive ownership of the Customer's \"Work Product\". The Contractor retains exclusive rights to pre-existing materials used in the Customer's projects. The Customer shall not have the right to reuse, resell or otherwise transfer material belonging to the contractor or third parties. The Contractor reserves the right to use the finished public product as an example of a product. RETURN OF PROPERTY Upon the expiry or termination of this Agreement, the Contractor will return to the Customer any property, documentation, records or Confidential Information which is the property of the Customer. COMPENSATION For all services rendered by the Contractor under this Agreement, the Customer shall indemnify the Contractor. In the event that the Customer fails to make any of the payments mentioned, the Contractor shall have the right, but shall not be obliged, to exercise any of the following remedies: ","Service Agreement","https://templates.business-in-a-box.com/imgs/1000px/service-agreement-D12711.png","https://templates.business-in-a-box.com/imgs/250px/12711.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12711.xml",{"title":173,"description":6},"service agreement",[175,176],{"label":33,"url":115},{"label":33,"url":115},"/template/service-agreement-D12711",false,{"seo":180,"reviewer":191,"legal_disclaimer":195,"quick_facts":196,"at_a_glance":198,"personas":202,"variants":227,"glossary":252,"clauses":289,"how_to_fill":340,"common_mistakes":381,"faqs":406,"industries":434,"comparisons":459,"diy_vs_lawyer":471,"jurisdictions":484,"related_template_ids_curated":505,"schema":514,"classification":515},{"meta_title":181,"meta_description":182,"primary_keyword":183,"secondary_keywords":184},"Computer Lease Agreement Template (Free Word)","Free computer lease agreement template for businesses leasing hardware to or from another party. Used in 190+ countries. Free Word and PDF download.","computer lease agreement template",[22,185,186,187,188,189,190],"hardware lease agreement template","computer lease contract template","computer lease agreement template word","computer lease agreement free","it equipment lease agreement","computer rental agreement template",{"name":192,"credential":193,"reviewed_date":194},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":197,"legal_review_recommended":195,"signature_required":195,"notarization_required":178},"medium",{"what_it_is":199,"when_you_need_it":200,"whats_inside":201},"A Computer Lease Agreement is a legally binding contract between an equipment owner (lessor) and a business or individual (lessee) that governs the use of computers or related hardware for a defined term in exchange for periodic payments. This free Word download covers equipment identification, payment schedule, maintenance responsibilities, insurance, and return conditions in a single structured document you can edit online and export as PDF.\n","Use it whenever a business leases computers, servers, or peripherals either from a vendor or to another party — whether for a fixed project term, a rolling monthly arrangement, or a multi-year fleet deployment. It is equally necessary when a lessor wants enforceable obligations governing how their hardware is used, maintained, and returned.\n","Equipment description and serial numbers, lease term and renewal options, monthly payment amount and late-fee provisions, maintenance and repair obligations, insurance requirements, permitted use restrictions, default and remedy clauses, and end-of-term return or purchase options.\n",[203,207,211,215,219,223],{"title":204,"use_case":205,"icon_asset_id":206},"IT managers and operations leads","Documenting hardware leases for company-wide computer fleet deployments","persona-it-manager",{"title":208,"use_case":209,"icon_asset_id":210},"Small business owners","Leasing computers from a vendor without purchasing outright to preserve cash","persona-small-business-owner",{"title":212,"use_case":213,"icon_asset_id":214},"Technology lessors and resellers","Issuing enforceable lease agreements when renting out hardware inventory","persona-retailer",{"title":216,"use_case":217,"icon_asset_id":218},"Startup founders","Equipping a remote team with leased hardware under a structured agreement","persona-startup-founder",{"title":220,"use_case":221,"icon_asset_id":222},"Finance and procurement managers","Structuring off-balance-sheet hardware leases for budgeting and tax purposes","persona-finance-manager",{"title":224,"use_case":225,"icon_asset_id":226},"Freelancers and independent contractors","Formalizing short-term equipment rentals to avoid personal liability for damage","persona-freelancer",[228,231,235,239,242,245,248],{"situation":229,"recommended_template":89,"slug":230},"Leasing a full fleet of computers and servers to a corporate client","equipment-lease-agreement-D1140",{"situation":232,"recommended_template":233,"slug":234},"Short-term rental of a single laptop or workstation for an event or project","Computer Lease Agreement (Short-Term)","computer-lease-agreement-D1138",{"situation":236,"recommended_template":237,"slug":238},"Lease with an option for the lessee to purchase at end of term","Lease-to-Own Agreement","lease-to-own-agreement-D12870",{"situation":240,"recommended_template":105,"slug":241},"Leasing software licenses alongside the hardware","software-license-agreement-D12928",{"situation":243,"recommended_template":122,"slug":244},"Providing computers to employees for remote work under company policy","remote-work-agreement-D13282",{"situation":246,"recommended_template":247,"slug":230},"Leasing office equipment including printers, phones, and peripherals","Office Equipment Lease Agreement",{"situation":249,"recommended_template":250,"slug":251},"Financing hardware purchase via installments rather than a true lease","Installment Payment Agreement","installment-payment-acknowledgment-D216",[253,256,259,262,265,268,271,274,277,280,283,286],{"term":254,"definition":255},"Lessor","The party that owns the computer equipment and grants the lessee the right to use it in exchange for periodic payments.",{"term":257,"definition":258},"Lessee","The party that takes possession of and uses the leased computer equipment under the terms of the agreement.",{"term":260,"definition":261},"Lease Term","The defined period during which the lessee is entitled to use the equipment, stated as a start date and end date or a duration in months.",{"term":263,"definition":264},"Operating Lease","A lease treated as an expense rather than a capital purchase, typically for shorter terms where the lessee returns the equipment at the end — common for computers that depreciate quickly.",{"term":266,"definition":267},"Finance Lease (Capital Lease)","A lease structured so the lessee assumes most risks and rewards of ownership, often with a purchase option at end of term — recognized as a liability on the lessee's balance sheet.",{"term":269,"definition":270},"Residual Value","The estimated market value of the equipment at the end of the lease term, which may determine the purchase-option price or lessor's end-of-term recovery.",{"term":272,"definition":273},"Default","A breach of the lease agreement — such as missed payments or unauthorized modification of equipment — that triggers the lessor's right to repossess the hardware and claim damages.",{"term":275,"definition":276},"Permitted Use","The contractually defined scope of activities for which the lessee may use the leased equipment, excluding unauthorized modifications, subletting, or use outside agreed locations.",{"term":278,"definition":279},"Indemnification","A clause requiring one party — typically the lessee — to compensate the other for losses, damages, or legal claims arising from their use of the leased equipment.",{"term":281,"definition":282},"Holdover Period","A period after the lease term expires during which the lessee continues to possess the equipment, typically converting to a month-to-month arrangement at a higher rate.",{"term":284,"definition":285},"Fair Wear and Tear","Normal, expected deterioration of equipment from ordinary use over the lease term, as distinguished from damage the lessee is liable to repair or compensate.",{"term":287,"definition":288},"UCC Article 2A","The section of the Uniform Commercial Code governing personal property leases in most US states, setting default rules for equipment lease rights and remedies.",[290,295,300,305,310,315,320,325,330,335],{"name":291,"plain_english":292,"sample_language":293,"common_mistake":294},"Parties, Equipment Description, and Identification","Names the lessor and lessee as legal entities and precisely identifies every piece of leased equipment by make, model, serial number, and condition at handover.","This Computer Lease Agreement is entered into on [DATE] between [LESSOR LEGAL NAME] ('Lessor') and [LESSEE LEGAL NAME] ('Lessee'). Lessor agrees to lease to Lessee the following equipment: [MAKE / MODEL], Serial No. [SERIAL NUMBER], in [NEW / REFURBISHED] condition, as further described in Schedule A.","Describing equipment only by generic category ('three laptops') without serial numbers. If a unit is damaged or disputed at return, there is no way to establish which specific item the contract covered.",{"name":296,"plain_english":297,"sample_language":298,"common_mistake":299},"Lease Term and Renewal","States the exact start and end dates of the lease and specifies whether it auto-renews, converts to month-to-month, or terminates without further notice at expiry.","The lease term commences on [START DATE] and expires on [END DATE] ('Initial Term'). Unless either party provides written notice of termination at least [30] days before expiry, this Agreement shall automatically renew for successive [30]-day periods under the same terms.","Omitting an auto-renewal clause entirely — or including one without a notice period. Lessees who miss renewal deadlines find themselves locked into another full term; lessors lose hardware they expected returned.",{"name":301,"plain_english":302,"sample_language":303,"common_mistake":304},"Rent, Payment Schedule, and Late Fees","Sets the monthly or periodic lease payment amount, due date, accepted payment methods, and the late-fee rate applied to overdue balances.","Lessee shall pay Lessor a monthly lease fee of $[AMOUNT] due on the [DAY] of each calendar month. Payments not received within [5] business days of the due date shall incur a late fee of [1.5]% of the overdue amount per month until paid in full.","Stating a payment amount without specifying the currency, due date, or late-fee mechanism. Disputes over when payment is 'late' are among the most common triggers for equipment lease litigation.",{"name":306,"plain_english":307,"sample_language":308,"common_mistake":309},"Security Deposit","Requires the lessee to pay a refundable deposit held by the lessor as security against damage, unpaid rent, or unreturned equipment.","Upon execution of this Agreement, Lessee shall deposit $[AMOUNT] with Lessor as a security deposit. The deposit shall be refunded within [30] days of the lease term end, less any deductions for unpaid rent or damage beyond fair wear and tear.","Not specifying the conditions and timeline for deposit return. Lessees who receive no deposit back and no itemized deduction list within a reasonable period have limited recourse without this language.",{"name":311,"plain_english":312,"sample_language":313,"common_mistake":314},"Permitted Use and Location","Restricts the lessee's use of the equipment to defined business purposes and a specified location, and prohibits subletting, relocation, or unauthorized modification.","Lessee shall use the Equipment solely for [BUSINESS PURPOSE] at [ADDRESS]. Lessee shall not sublet, assign, modify, or relocate the Equipment without Lessor's prior written consent. Unauthorized software installation that voids manufacturer warranty is expressly prohibited.","No location or use restriction at all, leaving the lessor unable to enforce against a lessee who moves equipment abroad, sublets it, or installs software that voids the manufacturer warranty — all of which affect resale value.",{"name":316,"plain_english":317,"sample_language":318,"common_mistake":319},"Maintenance, Repair, and Risk of Loss","Allocates responsibility for routine maintenance and accidental damage between the parties, and states which party bears the risk if equipment is stolen, destroyed, or rendered unusable.","Lessee shall maintain the Equipment in good working order and shall be responsible for all repairs arising from misuse or negligence. Risk of loss or damage to the Equipment passes to Lessee upon delivery and remains with Lessee until the Equipment is returned to and accepted by Lessor.","Failing to state when risk of loss transfers. Courts have held that without an explicit transfer clause, the lessor retains risk during transit — meaning the lessor bears loss from a shipping accident the lessee caused.",{"name":321,"plain_english":322,"sample_language":323,"common_mistake":324},"Insurance","Requires the lessee to maintain property and liability insurance covering the full replacement value of the equipment throughout the lease term, with the lessor named as an additional insured.","Lessee shall maintain, at its own expense, property insurance covering the Equipment for no less than its full replacement value of $[AMOUNT] and commercial general liability insurance of at least $[AMOUNT] per occurrence. Lessor shall be named as additional insured. Proof of coverage shall be provided within [5] business days of request.","No specific coverage amount and no requirement to name the lessor as additional insured. An uninsured loss leaves the lessor holding an unrecoverable claim against a lessee who may be judgment-proof.",{"name":326,"plain_english":327,"sample_language":328,"common_mistake":329},"Default and Remedies","Defines what constitutes a default — missed payments, breach of use restrictions, insolvency — and grants the lessor the right to repossess equipment, accelerate outstanding rent, and seek damages.","Lessee shall be in default upon: (a) failure to pay rent within [10] days of its due date; (b) breach of any material term not cured within [15] days of written notice; or (c) Lessee's insolvency or assignment for the benefit of creditors. Upon default, Lessor may immediately repossess the Equipment and accelerate all remaining rent payments as a liquidated sum.","No cure period before declaring default. Courts in most jurisdictions will refuse to enforce an immediate repossession right if the lessee was never given notice and a reasonable opportunity to cure a non-payment breach.",{"name":331,"plain_english":332,"sample_language":333,"common_mistake":334},"End-of-Term Return and Purchase Option","Specifies the condition in which equipment must be returned, the return logistics, and any option the lessee has to purchase the equipment at an agreed price at lease end.","On or before the final day of the lease term, Lessee shall return the Equipment to Lessor at [ADDRESS] in the same condition as received, subject to fair wear and tear. Lessee shall have the option to purchase the Equipment for $[PURCHASE OPTION PRICE] by providing written notice no later than [30] days before lease expiry.","Omitting data-wiping requirements in the return clause. Returned computers containing the lessee's confidential data — or, in a lessee-as-lessor scenario, the lessor's — create privacy liability that a simple 'good condition' return clause does not address.",{"name":336,"plain_english":337,"sample_language":338,"common_mistake":339},"Governing Law, Dispute Resolution, and Entire Agreement","Names the jurisdiction whose law governs the contract, sets the mechanism for resolving disputes (arbitration, mediation, or court), and confirms the written agreement supersedes all prior discussions.","This Agreement is governed by the laws of [STATE / PROVINCE / COUNTRY]. Any dispute shall be submitted to binding arbitration in [CITY] under the rules of [AAA / JAMS]. This Agreement constitutes the entire agreement between the parties and supersedes all prior representations, proposals, and understandings.","Choosing a governing law with no connection to where either party is located or where the equipment is used. Several US states and EU member countries apply local consumer or commercial protection laws regardless of the contractual choice-of-law clause.",[341,346,351,356,361,366,371,376],{"step":342,"title":343,"description":344,"tip":345},1,"Identify both parties with their full legal entity names","Enter the registered legal name, address, and contact information for both the lessor and lessee. If the lessee is an individual rather than a company, include their full legal name and government-issued ID type.","Confirm the lessee's legal entity name matches their incorporation documents — a mismatch creates enforceability problems if you need to collect on default.",{"step":347,"title":348,"description":349,"tip":350},2,"Complete Schedule A with precise equipment descriptions","List every device covered by the agreement with its make, model, serial number, condition (new or refurbished), and estimated replacement value. Attach photos of existing cosmetic damage at time of handover.","Photograph every item at pickup and delivery — timestamped images are the most effective evidence in return-condition disputes.",{"step":352,"title":353,"description":354,"tip":355},3,"Set the lease term, start date, and renewal mechanics","Enter the exact commencement and expiry dates. Decide whether the lease auto-renews monthly, requires affirmative renewal, or terminates automatically, and write the required notice period accordingly.","For leases longer than 12 months, include a technology-refresh clause allowing the lessee to swap aging units for newer models without renegotiating the full agreement.",{"step":357,"title":358,"description":359,"tip":360},4,"Define rent, payment due date, and late-fee terms","State the monthly fee amount, the specific calendar day it is due, accepted payment methods, and the late-fee rate. Specify the currency for any cross-border arrangement.","A 1.5% per month late fee (18% per annum) is standard and generally enforceable in most US states; confirm the usury ceiling in your jurisdiction before exceeding this.",{"step":362,"title":363,"description":364,"tip":365},5,"Set the security deposit amount and return conditions","State the deposit amount, how it is held (commingled or in a separate account), the deadline for return after lease end, and the exhaustive list of permissible deductions.","Itemizing permissible deductions in advance — unpaid rent, damage beyond fair wear and tear, missing accessories — eliminates the most common post-lease disputes.",{"step":367,"title":368,"description":369,"tip":370},6,"Specify insurance requirements and name the lessor as additional insured","Enter the minimum coverage amounts for property and liability insurance, require the lessor to be named as additional insured, and set a deadline for the lessee to furnish proof of coverage.","Request a certificate of insurance from the lessee before handing over equipment — not after. Once the hardware leaves your possession, you have no leverage.",{"step":372,"title":373,"description":374,"tip":375},7,"Confirm the data-wiping and return protocol","Add an explicit data-wiping requirement to the return clause, specifying the standard (e.g., NIST 800-88) and requiring written certification of completion before or at return.","A data-wipe certification requirement protects both parties — the lessee's confidential data and any residual customer data don't end up on a refurbished machine sold to a third party.",{"step":377,"title":378,"description":379,"tip":380},8,"Sign before equipment is transferred","Both parties must sign the agreement — and any Schedule A — before the equipment changes hands. Use Business in a Box eSign to timestamp execution and store the fully-executed copy automatically.","Countersigned agreements with a delivery receipt attached (noting serial numbers and condition) create an airtight chain of custody from day one.",[382,386,390,394,398,402],{"mistake":383,"why_it_matters":384,"fix":385},"Describing equipment without serial numbers","Generic descriptions like 'two MacBook Pros' leave no way to prove which specific units were leased if one is damaged, stolen, or swapped — making damage claims and insurance filings nearly impossible.","List every device with its make, model, serial number, and condition in a signed Schedule A attached to the agreement at execution.",{"mistake":387,"why_it_matters":388,"fix":389},"No cure period before declaring default","An immediate-repossession clause without a notice-and-cure period is frequently unenforceable, and attempting self-help repossession without legal authority exposes the lessor to conversion or trespass claims.","Provide at least 10 days' written notice for payment defaults and 15 days for other breaches before exercising repossession rights.",{"mistake":391,"why_it_matters":392,"fix":393},"Omitting a data-wiping requirement in the return clause","Returned computers containing confidential business data create serious privacy and regulatory liability for both parties — GDPR fines, HIPAA penalties, and trade-secret exposure have all resulted from improperly returned leased hardware.","Include an explicit data-wiping clause specifying a recognized standard (NIST 800-88 or equivalent) and require written certification before or at return.",{"mistake":395,"why_it_matters":396,"fix":397},"No insurance requirement or additional insured designation","If the lessee's premises suffer a fire or theft and the lessor is not named as additional insured, the lessor has no direct claim against the lessee's insurer and may be left with only an unsecured contract claim.","Require the lessee to carry property coverage equal to full replacement value, name the lessor as additional insured, and demand a certificate of insurance before handing over any equipment.",{"mistake":399,"why_it_matters":400,"fix":401},"Auto-renewal clause with no notice deadline","Lessees who miss an undisclosed or unclear notice window find themselves bound to a renewed lease term they cannot afford or no longer need, leading to disputes and default.","State the auto-renewal notice period explicitly — 30 days is standard — and send the lessee a reminder email 45 days before the deadline as a matter of practice.",{"mistake":403,"why_it_matters":404,"fix":405},"Choosing a governing law with no connection to either party","Courts in the lessee's home state or country may apply local commercial protection laws regardless of the contractual choice — meaning your chosen jurisdiction's law simply does not apply when you try to enforce.","Choose the governing law of the state or country where the equipment is physically located or where the lessee is incorporated, and confirm that jurisdiction's law is consistent with your key remedies.",[407,410,413,416,419,422,425,428,431],{"question":408,"answer":409},"What is a computer lease agreement?","A computer lease agreement is a legally binding contract between a hardware owner (lessor) and a business or individual (lessee) that grants the right to use specified computer equipment for a defined term in exchange for periodic payments. It identifies the equipment by serial number, sets the rent and payment schedule, allocates maintenance and insurance responsibilities, and governs what happens at the end of the term — return, renewal, or purchase.\n",{"question":411,"answer":412},"What is the difference between leasing and buying computer equipment?","Buying transfers ownership and the full cost appears on the balance sheet immediately. Leasing preserves cash flow by spreading payments over the term and, depending on the lease structure, may be treated as an operating expense rather than a capital asset. Leasing also allows businesses to refresh technology at end of term rather than owning depreciated hardware. The trade-off is that the total cost of a lease typically exceeds the purchase price over the same period.\n",{"question":414,"answer":415},"Do I need a lawyer to draft a computer lease agreement?","For straightforward leases of standard commercial hardware between two businesses, a high-quality template is generally sufficient. Consider engaging a lawyer when the equipment has a replacement value above $25,000, the lessee is in a different country, the agreement includes complex purchase options or residual-value guarantees, or the hardware will process regulated data (personal health information, financial records) with significant compliance implications.\n",{"question":417,"answer":418},"What happens if leased computer equipment is damaged or stolen?","Under a properly drafted agreement, risk of loss passes to the lessee upon delivery and the lessee is responsible for repair or replacement. The lessee's required property insurance should cover the full replacement value. If the lessee lacks adequate insurance, the lessor can pursue contract damages up to the equipment's replacement value. This is why requiring proof of insurance before handover — not after — is critical.\n",{"question":420,"answer":421},"Can a computer lease agreement include a purchase option?","Yes. A lease-to-own or lease-with-option structure allows the lessee to purchase the equipment at a predetermined price — often the residual or fair market value — by providing written notice before the lease expires. The purchase option price and notice deadline must be stated explicitly in the agreement. If no option price is set in writing, disputes over fair market value are common at end of term.\n",{"question":423,"answer":424},"What should the return clause in a computer lease agreement include?","The return clause should specify the condition required (same as received, subject to fair wear and tear), who bears return shipping costs, the return address and deadline, a data-wiping requirement with a recognized standard such as NIST 800-88, and the process for the lessor to inspect and accept the returned equipment. Missing the data-wiping requirement is the most overlooked — and most consequential — gap in most standard templates.\n",{"question":426,"answer":427},"What is the difference between an operating lease and a finance lease for computers?","An operating lease is a short-to-medium-term arrangement where the lessee uses the equipment and returns it at end of term, recognizing payments as operating expenses. A finance lease (capital lease) transfers substantially all risks and rewards of ownership to the lessee — typically with a nominal purchase option — and is recorded as an asset and liability on the lessee's balance sheet under IFRS 16 and ASC 842. The classification affects tax treatment, financial ratios, and reporting obligations.\n",{"question":429,"answer":430},"How long can a computer lease agreement last?","Computer lease terms typically run 12 to 36 months, reflecting the useful life and depreciation curve of the hardware. Shorter terms (6–12 months) suit event-based or project deployments. Longer terms (48–60 months) are used for servers and infrastructure but are uncommon for end-user devices given how quickly computing hardware becomes obsolete. Most agreements include an auto-renewal provision converting the lease to month-to-month at a premium rate if neither party acts at expiry.\n",{"question":432,"answer":433},"Is a computer lease agreement enforceable if the lessee is an individual rather than a business?","Generally yes, but consumer protection laws in many jurisdictions impose additional requirements when the lessee is a natural person rather than a registered business entity. In the US, consumer leases of personal property are regulated by the Consumer Leasing Act if the lease term exceeds four months. In the EU, consumer contracts must meet minimum transparency and fairness standards under the Unfair Contract Terms Directive. A template designed for B2B leases should be reviewed by a lawyer before use in a consumer context.\n",[435,439,443,447,451,455],{"industry":436,"icon_asset_id":437,"specifics":438},"Technology / SaaS","industry-saas","Short 12–24 month terms aligned to hardware refresh cycles; data-wiping certifications mandatory given customer data processed on devices; BYOD vs. company-owned hardware policy integration.",{"industry":440,"icon_asset_id":441,"specifics":442},"Healthcare","industry-healthtech","HIPAA data-security requirements embedded in the permitted-use and return clauses; equipment used in clinical settings often requires FDA-compliant maintenance schedules; longer terms for diagnostic workstations.",{"industry":444,"icon_asset_id":445,"specifics":446},"Financial Services","industry-fintech","SOC 2 and PCI-DSS compliance obligations require explicit data-handling provisions; hardware used to process payment or trading data needs enhanced insurance and chain-of-custody documentation.",{"industry":448,"icon_asset_id":449,"specifics":450},"Education","industry-education","Large-volume fleet leases for student devices with volume pricing; FERPA-driven data-wiping requirements; end-of-term purchase options common to retain devices for multi-year programs.",{"industry":452,"icon_asset_id":453,"specifics":454},"Professional Services","industry-professional-services","Short-term project-based leases for consultants on client sites; confidentiality provisions critical given access to client data; portable equipment requiring explicit location-flexibility clauses.",{"industry":456,"icon_asset_id":457,"specifics":458},"Manufacturing","industry-manufacturing","Industrial ruggedized hardware with different maintenance and wear standards; on-site repair obligations for equipment integrated into production lines; longer lease terms to match capital planning cycles.",[460,463,466,469],{"vs":89,"vs_template_id":461,"summary":462},"equipment-lease-agreement-D1133","A general equipment lease agreement covers any category of tangible personal property — vehicles, machinery, furniture, or electronics. A computer lease agreement is narrower in scope but adds technology-specific provisions that a general equipment lease omits: permitted software, data-wiping obligations, cybersecurity requirements, and hardware obsolescence clauses. Use the general form for mixed-asset leases; use this template when computers and IT hardware are the primary subject.",{"vs":105,"vs_template_id":464,"summary":465},"software-license-agreement-D13206","A software license agreement governs the right to use intellectual property — code, applications, and platforms — without transferring possession of any physical object. A computer lease agreement governs the physical hardware itself. When a business needs both hardware and software, separate agreements are typically required, though a computer lease can reference a parallel software license by attachment.",{"vs":138,"vs_template_id":467,"summary":468},"independent-contractor-agreement-D160","An independent contractor agreement governs a service relationship; it does not address equipment ownership or custody. When a business provides equipment to a contractor, a computer lease agreement — or an equipment-use addendum — should be executed alongside the services agreement to establish who bears risk of loss, maintenance obligations, and return requirements for company-owned hardware.",{"vs":122,"vs_template_id":244,"summary":470},"A remote work agreement sets the terms of a remote employment or contractor arrangement, including general expectations around company-provided equipment. It is not a standalone lease — it does not identify specific hardware by serial number, set a payment schedule, or include default and repossession remedies. A computer lease agreement (or equipment-use addendum) should be executed separately whenever company hardware of significant value is transferred to an off-site worker.",{"use_template":472,"template_plus_review":476,"custom_drafted":480},{"best_for":473,"cost":474,"time":475},"B2B computer leases for standard commercial hardware valued under $10,000 between domestic parties","Free","20–30 minutes",{"best_for":477,"cost":478,"time":479},"Leases above $10,000, cross-border arrangements, or hardware processing regulated data (health, financial, education records)","$300–$700 (1–2 hour attorney review)","2–5 business days",{"best_for":481,"cost":482,"time":483},"Large fleet deployments, leases with complex residual-value or purchase-option structures, or lessors building a recurring commercial leasing program","$1,500–$4,000+","1–3 weeks",[485,490,495,500],{"code":486,"name":487,"flag_asset_id":488,"note":489},"us","United States","flag-us","Computer leases are governed by UCC Article 2A in most states, which sets default rules for personal property lease rights, remedies, and risk of loss. Consumer leases (lessee is an individual, not a business) with terms over four months must comply with the federal Consumer Leasing Act disclosure requirements. Non-judicial self-help repossession after default is permitted in most states only if it can be accomplished without breaching the peace — attempting to repossess hardware by force or deception exposes the lessor to tort liability.",{"code":491,"name":492,"flag_asset_id":493,"note":494},"ca","Canada","flag-ca","In Canada, personal property leases are governed by provincial Personal Property Security Acts (PPSA), which require lessors with terms exceeding one year to register a financing statement to protect their priority interest against the lessee's creditors. Unregistered lessors may lose their hardware to a secured creditor in an insolvency. Quebec's Civil Code applies different rules from common-law provinces, including specific provisions on nominate contracts of lease.",{"code":496,"name":497,"flag_asset_id":498,"note":499},"uk","United Kingdom","flag-uk","UK computer leases are primarily governed by the Consumer Credit Act 1974 (for consumer arrangements) and general contract law. The Consumer Rights Act 2015 imposes fairness and transparency requirements on contract terms, particularly for standard-form business-to-consumer agreements. Retention of title and repossession rights must be clearly stated to be enforceable; courts scrutinize penalty clauses and may reduce disproportionate liquidated-damages provisions.",{"code":501,"name":502,"flag_asset_id":503,"note":504},"eu","European Union","flag-eu","EU member states apply varying national commercial code provisions to equipment leases, but GDPR creates an overlay obligation for any lease arrangement where the lessee processes personal data on the hardware. A data-processing addendum or explicit data-wiping clause is effectively required under GDPR Article 28 when the lessor is a controller and the hardware has processed personal data. The Unfair Contract Terms Directive (93/13/EEC) limits the use of one-sided default and penalty clauses in consumer and small-business contracts.",[230,241,244,467,506,507,508,509,510,511,512,513],"non-disclosure-agreement-nda-D12692","service-agreement-D12711","bill-of-sale-D1229","purchase-order-D1411","employment-agreement_at-will-employee-D541","office-space-policy-D13740","website-terms-and-conditions-D13193","indemnification-agreement-D13016",{"emit_how_to":195,"emit_defined_term":195},{"primary_folder":115,"secondary_folder":516,"document_type":517,"industry":518,"business_stage":519,"tags":520,"confidence":526},"real-estate-and-leases","agreement","general","all-stages",[521,522,523,524,525],"lease","contract","it","equipment","hardware",0.95,"\u003Ch2>What is a Computer Lease Agreement?\u003C/h2>\n\u003Cp>A \u003Cstrong>Computer Lease Agreement\u003C/strong> is a legally binding contract between a hardware owner (the lessor) and a business or individual (the lessee) that formally grants the right to possess and use specified computer equipment for a defined term in exchange for periodic payments. Unlike a simple rental receipt or informal arrangement, this agreement identifies each device by serial number, allocates maintenance and insurance obligations, sets default and repossession remedies, and governs precisely what happens at the end of the term — whether the equipment is returned, renewed, or purchased. It applies equally to a single laptop loaned to a remote contractor and to a multi-hundred-unit fleet deployment across a corporate office.\u003C/p>\n\u003Cp>The agreement draws on established personal property lease law — UCC Article 2A in the United States, provincial PPSA frameworks in Canada, and national commercial codes across the EU and UK — to create enforceable obligations that protect both sides of the transaction. When properly drafted, it eliminates the ambiguity that informal equipment-lending arrangements invariably produce: who pays for a cracked screen, what happens to company data on a returned device, and whether a holdover lessee owes rent at the original or an elevated rate.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a signed computer lease agreement, both parties operate on assumptions that diverge the moment anything goes wrong. A lessee who damages equipment and hands it back claiming "normal wear and tear" has no written standard to be held to. A lessor who repossesses hardware after a missed payment without a clear default-and-remedy clause may face a conversion claim. Company data left on returned devices — customer records, financial files, proprietary code — creates GDPR, HIPAA, or trade-secret liability that no informal handshake arrangement addresses.\u003C/p>\n\u003Cp>Beyond disputes, the absence of a written agreement affects insurance claims, tax treatment, and priority in insolvency. Lessors who fail to register their interest under provincial PPSA rules in Canada can lose their hardware to a secured creditor if the lessee becomes insolvent. In the EU, any arrangement involving hardware that has processed personal data requires documented data-handling obligations to satisfy GDPR. This template closes all of these gaps in under 30 minutes, giving both parties a clear, enforceable record of exactly what was leased, on what terms, and what each side owes if circumstances change.\u003C/p>\n",1781185914840]