[{"data":1,"prerenderedAt":527},["ShallowReactive",2],{"document-equipment-and-leasehold-improvements-lease-agreement-long-D1139":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":176,"customdescription":6,"mdFm":177,"mdProseHtml":526},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":22},"EQUIPMENT AND LEASEHOLD IMPROVEMENTS LEASE AGREEMENT This Equipment and Leasehold Improvements 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] WHEREAS Lessor as seller and the Lessee as purchaser have entered into an asset purchase agreement concurrently herewith (hereinafter, the \"Asset Purchase Agreement\") pursuant to which the Lessee has purchased certain assets of Lessor relating to its [STATE/PROVINCE] Business; WHEREAS pursuant to the Asset Purchase Agreement, Lessor has entered into various leases with the Lessee concurrently herewith and therewith (the \"Premises Leases\") pursuant to which Lessor has leased to the Lessee the locations operated by Lessor in the [STATE/PROVINCE] and identified in each of the Premises Leases (the \"Locations\"); WHEREAS the Asset Purchase Agreement contemplates that Lessor shall, as part of such transaction, lease the equipment and leasehold improvements used by Lessor in the Locations to the Lessee; NOW THEREFORE, THE PARTIES HERETO AGREE AS FOLLOWS: EQUIPMENT AND LEASEHOLD IMPROVEMENTS Lessor hereby leases to the Lessee, and the Lessee hereby rents from Lessor, for the term of this lease, the equipment detailed in Schedule A hereto (hereinafter called the \"Equipment\") and the leasehold improvements detailed in Schedule B hereto (hereinafter called the \"Improvements\"), itemized in each case for each Location. LOCATION AND IDENTIFICATION OF EQUIPMENT When not in active use, the Equipment shall be located at, and its movements shall at all times be controlled from, the address of each Location where it is currently found, as identified in Schedule A hereto, and neither the Equipment nor the Improvements shall be removed from such Location without the prior written consent of Lessor. Neither the Equipment nor the Improvements shall be located in leased premises (other than pursuant to the Premises Leases) unless the owner and any lessor thereof waive any right, title and interest they may have as such in the Equipment and Improvements in favor of Lessor. The Lessee will not change or remove any insignia or lettering which is on the Equipment or Improvements at the time of delivery thereof or which is thereafter placed thereon by Lessor, and at any time during the term of this lease, upon Lessor's request, Lessee will affix to the Equipment or Improvements (as the case may be), in a prominent place and manner such markings as may be supplied by Lessor. LESSEE'S INSPECTION, CONCLUSIVE PRESUMPTIONS Lessee acknowledges as between Lessor and the Lessee, that the Lessee has fully inspected the Equipment and Improvements and that the Lessee is satisfied with and has accepted the Equipment and Improvements. The taking of possession of the Equipment and Improvements by the Lessee shall be conclusive evidence that they were in good order and condition. USE AND MAINTENANCE, ALTERATIONS AND ADDITIONS Lessee shall use the Equipment solely in the conduct of the [STATE/PROVINCE] Business and in a careful and proper manner, and shall not part with possession of or enter into any sub-lease with respect to the Equipment or Improvements or any part thereof or assign this lease or its interest hereunder without Lessor's prior written consent. The Lessee at its own cost and expense shall keep the Equipment and Improvements in good repair, condition and working order and shall furnish any and all parts and labor required for that purpose. The Lessee shall not make any material alterations to the Equipment or Improvements without Lessor's prior written consent. All accessories, parts and replacements for or which are added to or become attached to the Equipment or Improvements shall immediately become the property of Lessor and shall be deemed incorporated in the Equipment and subject to the terms of this lease as if originally leased hereunder. LOSS AND DAMAGE Subject to the following, the Lessee hereby assumes and shall bear the entire risk of loss of and damage to the Equipment and Improvements from any and every cause whatsoever, except where such loss or damage occurs while the Equipment or Improvements are leased or have been sold to a third party pursuant to section 4 hereof. No reparable damage to the Equipment or Improvements or any part thereof shall impair any obligation of Lessee under this lease, which shall continue in full force and effect. In the event of damage of any kind whatever to any item of the Equipment or any of the Improvements (unless the same is damaged beyond repair), Lessee shall at its own expense place the same in good repair condition and working order. If the Equipment or Improvements are, or any item thereof is, determined by Lessor to be lost, stolen, destroyed or damaged beyond repair, Lessee shall immediately pay Lessor therefore in cash an amount equal to (i) the depreciated value of the Equipment or Improvements (as the case may be) as of the date of such loss, theft or damage less (ii) any insurance proceeds or salvage value recovered by Lessor in respect of the Equipment or Improvements. Upon such payment this lease shall terminate with respect to such item of the Equipment or Improvements (as the case may be). INDEMNITY Lessee shall indemnify and save Lessor harmless from any and all liability arising out of the ownership, selection, possession, leasing, renting, operation control, use, maintenance, delivery and/or return of the Equipment and Improvements, but shall be credited with any amounts received by Lessor with respect thereto from liability insurance procured by Lessee. INSURANCE Lessee shall keep the Equipment and Improvements insured against all risks of loss or damage from every cause whatsoever for not less than the replacement cost new of the said Equipment or Improvements without consideration for depreciation and shall carry public liability insurance, both personal injury and property damage; covering the Equipment and Improvements; and Lessee shall be liable for all deductible portions of all required insurance. All insurance policies shall provide that any breach of the conditions for insurance thereunder by the Lessee shall not be opposable to Lessor in its capacity as co-insured under the said policy. All said insurance should be in form and amount and with companies satisfactory to Lessor. All insurance for loss or damage shall provide that losses, if any, shall be payable to Lessor, and all such liability insurance shall be in the joint names of Lessor and Lessee. Lessee shall pay the premiums therefore and deliver to Lessor the policies of insurance or duplicates thereof, or other evidence satisfactory to Lessor of such insurance coverage. Each insurer shall agree by endorsement upon the policy or policies issued by it or by independent instrument furnished to Lessor, that it will give Lessor [NUMBER] days' prior written notice of the effective date of any alteration or cancellation of such policy. The proceeds of such insurance payable as a result of loss of or damage to the Equipment or Improvements shall be applied, at the option of Lessor, (a) toward the replacement; restoration or repair of the Equipment or Improvements which may be lost, stolen, destroyed or damaged, or (b) toward payment of the obligations of Lessee hereunder. Lessee hereby irrevocably appoints Lessor as Lessee's attorney-in-fact to make claim for, receive payment of, and execute and endorse all documents, check or drafts received in payment for loss or damage under any said insurance policy.",null,"Equipment and Leasehold Improvements Lease Agreement Long","21",143,"doc","https://templates.business-in-a-box.com/imgs/1000px/equipment-and-leasehold-improvements-lease-agreement_long-D1139.png","https://templates.business-in-a-box.com/imgs/250px/1139.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1139.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/","equipment leasehold improvements lease agreement long","Equipment and Leasehold Improvements Lease Agreement Long Template","https://templates.business-in-a-box.com/imgs/400px/1139.png","https://templates.business-in-a-box.com/imgs/600px/1139.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/",[39,43,47,51,55,59,63,67,71,75,79,83,87,105,120,135,149,161],{"label":40,"url":41,"thumb":42,"extension":10},"Equipment Lease Agreement Long","/template/equipment-lease-agreement-long-D1141","https://templates.business-in-a-box.com/imgs/250px/1141.png",{"label":44,"url":45,"thumb":46,"extension":10},"Equipment Lease Agreement","/template/equipment-lease-agreement-D1140","https://templates.business-in-a-box.com/imgs/250px/1140.png",{"label":48,"url":49,"thumb":50,"extension":10},"Equipment Lease Agreement Short","/template/equipment-lease-agreement-short-D1142","https://templates.business-in-a-box.com/imgs/250px/1142.png",{"label":52,"url":53,"thumb":54,"extension":10},"Equipment Lease Agreement With Option to Purchase","/template/equipment-lease-agreement-with-option-to-purchase-D1143","https://templates.business-in-a-box.com/imgs/250px/1143.png",{"label":56,"url":57,"thumb":58,"extension":10},"Equipment Operating Lease","/template/equipment-operating-lease-D1145","https://templates.business-in-a-box.com/imgs/250px/1145.png",{"label":60,"url":61,"thumb":62,"extension":10},"Net Equipment Lease","/template/net-equipment-lease-D1152","https://templates.business-in-a-box.com/imgs/250px/1152.png",{"label":64,"url":65,"thumb":66,"extension":10},"Checklist Equipment Lease","/template/checklist-equipment-lease-D1134","https://templates.business-in-a-box.com/imgs/250px/1134.png",{"label":68,"url":69,"thumb":70,"extension":10},"Net Equipment Lease 2","/template/net-equipment-lease-2-D1151","https://templates.business-in-a-box.com/imgs/250px/1151.png",{"label":72,"url":73,"thumb":74,"extension":10},"Consulting Agreement Long","/template/consulting-agreement---long-D12543","https://templates.business-in-a-box.com/imgs/250px/12543.png",{"label":76,"url":77,"thumb":78,"extension":10},"Equipment Purchase Agreement","/template/equipment-purchase-agreement-D1146","https://templates.business-in-a-box.com/imgs/250px/1146.png",{"label":80,"url":81,"thumb":82,"extension":10},"Equipment Loan Agreement","/template/equipment-loan-agreement-D12843","https://templates.business-in-a-box.com/imgs/250px/12843.png",{"label":84,"url":85,"thumb":86,"extension":10},"Equipment Maintenance Agreement","/template/equipment-maintenance-agreement-D1144","https://templates.business-in-a-box.com/imgs/250px/1144.png",{"description":88,"descriptionCustom":6,"label":89,"pages":90,"size":91,"extension":10,"preview":92,"thumb":93,"svgFrame":94,"seoMetadata":95,"parents":96,"keywords":103,"url":104},"COMMERCIAL LEASE AGREEMENT This Lease Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Landlord\"), 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: [TENANT NAME] (the \"Tenant\"), 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] DESCRIPTION OF PREMISES Landlord leases to Tenant the premises located at [address], [city], [state], and described more particularly as follows: [insert legal description]. GRANT OF LEASE Landlord, in consideration of the rents to be paid and the covenants and agreements to be performed and observed by the Tenant, does hereby lease to the Tenant and the Tenant does hereby lease and take from the Landlord the property described in Exhibit \"A\" attached hereto and by reference made a part hereof (the \"Leased Premises\"), together with, as part of the parcel, all improvements located thereon. LEASE TERM Total Term of Lease: The term of this Lease shall begin on the commencement date, as defined in Section b) of this Article 3, and shall terminate on [DATE]. Commencement Date: The \"Commencement Date\" shall mean the date on which the Tenant shall commence to conduct business on the Leased Premised, so long as such date is not in excess of [NUMBER] days subsequent to execution hereof. EXTENSIONS The parties hereto may elect to extend this Agreement upon such terms and conditions as may be agreed upon in writing and signed by the parties at the time of any such extension. DETERMINATION OF RENT The Tenant agrees to pay the Landlord and the Landlord agrees to accept, during the term hereof, at such place as the Landlord shall from time to time direct by notice to the Tenant, rent at the following rates and times: Annual Rent: Annual rent for the term of the Lease shall be [AMOUNT], plus applicable sales tax. Payment of Yearly Rent: The annual rent shall be payable in advance in equal monthly installments of one-twelfth (1/12th) of the total yearly rent, which shall be [AMOUNT], on the first day of each and every calendar month during the term hereof, and prorata for the fractional portion of any month, except that on the first day of the calendar month immediately following the Commencement Date, the Tenant shall also pay to the Landlord rent at the said rate for any portion of the preceding calendar month included in the term of this Lease. Reference to yearly rent hereunder shall not be implied or construed to the effect that this Lease or the obligation to pay rent hereunder is from year to year, or for any term shorter than the existing Lease term, plus any extensions as may be agreed upon. A late fee in the amount of [AMOUNT] shall be assessed if payment is not postmarked or received by Landlord on or before the tenth day of each month. USE OF PROPERTY BY TENANT The Leased Premises may be occupied and used by Tenant exclusively as a [DESCRIBE], to be known as a [DESCRIBE]. Nothing herein shall give Tenant the right to use the property for any other purpose or to sublease, assign, or license the use of the property to any Sub-Tenant, assignee, or licensee, which or who shall use the property for any other use. RESTRICTIONS ON USE Tenant shall not use the demised premises in any manner that will increase risks covered by insurance on the demised premises and result in an increase in the rate of insurance or a cancellation of any insurance policy, even if such use may be in furtherance of Tenant's business purposes. Tenant shall not keep, use, or sell anything prohibited by any policy of fire insurance covering the demised premises, and shall comply with all requirements of the insurers applicable to the demised premises necessary to keep in force the fire and liability insurance. WASTE, NUISANCE, OR UNLAWFUL ACTIVITY Tenant shall not allow any waste or nuisance on the demised premises, or use or allow the demised premises to be used for any unlawful purpose. DELAY IN DELIVERING POSSESSION This lease agreement shall not be rendered void or voidable by the inability of Landlord to deliver possession to Tenant on the date set forth in Section 3. Landlord shall not be liable to Tenant for any loss or damage suffered by reason of such a delay; provided, however, that Landlord does deliver possession no later than [date]. In the event of a delay in delivering possession, the rent for the period of such delay will be deducted from the total rent due under this lease agreement. No extension of this lease agreement shall result from a delay in delivering possession. SECURITY DEPOSIT The Tenant has deposited with the Landlord the sum of [AMOUNT] as security for the full and faithful performance by the Tenant of all the terms of this lease required to be performed by the Tenant. Such sum shall be returned to the Tenant after the expiration of this lease, provided the Tenant has fully and faithfully carried out all of its terms. In the event of a bona fide sale of the property of which the leased premises are a part, the Landlord shall have the right to transfer the security to the purchaser to be held under the terms of this lease, and the Landlord shall be released from all liability for the return of such security to the Tenant. TAXES Property Taxes: The Tenant shall be liable for all taxes levied against any leasehold interest of the Tenant or personal property and trade fixtures owned or placed by the Tenant in the Leased Premises. Real Estate Taxes: During the continuance of this lease Landlord shall deliver to Tenant a copy of any real estate taxes and assessments against the Leased Property. From and after the Commencement Date, the Tenant shall pay to Landlord not later than [NUMBER] days after the day on which the same may become initially due, all real estate taxes and assessments applicable to the Leased Premises, together with any interest and penalties lawfully imposed thereon as a result of Tenant's late payment thereof, which shall be levied upon the Leased Premises during the term of this Lease. Contest of Taxes: The Tenant, at its own cost and expense, may, if it shall in good faith so desire, contest by appropriate proceedings the amount of any personal or real property tax. The Tenant may, if it shall so desire, endeavor at any time or times, by appropriate proceedings, to obtain a reduction in the assessed valuation of the Leased Premises for tax purposes. In any such event, if the Landlord agrees, at the request of the Tenant, to join with the Tenant at Tenant's expense in said proceedings and the Landlord agrees to sign and deliver such papers and instruments as may be necessary to prosecute such proceedings, the Tenant shall have the right to contest the amount of any such tax and the Tenant shall have the right to withhold payment of any such tax, if the statute under which the Tenant is contesting such tax so permits. Payment of Ordinary Assessments: The Tenant shall pay all assessments, ordinary and extraordinary, attributable to or against the Leased Premises not later than [NUMBER] days after the day on which the same became initially due. The Tenant may take the benefit of any law allowing assessments to be paid in installments and in such event the Tenant shall only be liable for such installments of assessments due during the term hereof. ","Commercial Lease Agreement","19",145,"https://templates.business-in-a-box.com/imgs/1000px/lease-agreement-D1179.png","https://templates.business-in-a-box.com/imgs/250px/1179.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1179.xml",{"title":6,"description":6},[97,100],{"label":98,"url":99},"Real Estate","real-estate-business",{"label":101,"url":102},"Business Checklists","business-checklists","lease agreement","/template/lease-agreement-D1179",{"description":106,"descriptionCustom":6,"label":107,"pages":108,"size":109,"extension":10,"preview":110,"thumb":111,"svgFrame":112,"seoMetadata":113,"parents":115,"keywords":114,"url":119},"VEHICLE LEASE AGREEMENT This Vehicle Lease Agreement (\"Agreement\") is made and effective the [DATE], BETWEEN: [COMPANY NAME] (the \"Lessor\"), a corporation organized and existing under the laws of [STATE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Lessee\"), a corporation organized and existing under the laws of [STATE], with its head office located at: [COMPLETE ADDRESS] RECITALS WHEREAS, the Lessor is the registered owner of the Vehicle. WHEREAS, the lessor is desirous of leasing and the lessee has agreed to lease the said motor vehicle on the terms and conditions contained herein. WHEREAS, this Agreement shall be treated as a true lease for the federal and applicable state income tax purposes with Lessor having all benefits of ownership of the Vehicle. NOW THEREFORE THE PARTIES AGREE AS FOLLOWS: LEASED VEHICLES The Lessor hereby leases to the Lessee the vehicle described in Exhibit 1 attached hereto, subject to the conditions and covenants set forth below. The Vehicle shall be used by the Lessee to serve the best interests of the Lessor and the public. The Vehicle must be maintained and operated in a manner that provides maximum safety and protection to the Lessee's employees and passengers. The Lessee shall comply with all driver's license requirements as set forth by the Federal and State Governments. AMOUNT DUE AT THE beginning OF THE TRANSACTION Lesser and Lessee agree on the following: A down payment of $[SPECIFY] will be made at the beginning of the transaction. This amount will be subtracted from the amount to be amortized over the term. A security deposit of $[SPECIFY] is due at the beginning of the transaction and will be refunded at the end of the term. SECURITY DEPOSIT The security deposit will not earn interest. The security deposit shall be retained by the Lessor during the term of this Lease as additional security for the performance of the Lessee's obligations under this Lease. The Lessor shall deduct from the security deposit any amount not paid by the Lessee under this Lease and the balance, if any, shall be refunded at the end of this Lease. TERM OF LEASE AND COMMENCEMENT DATE The term of this lease shall be for [MONTH/YEARS], commencing on [DAY/MONTH/YEAR] the date that the vehicle(s) are placed in service by the Lessee and continuing until [DAY/MONTH/YEAR], or until this agreement is canceled or terminated in writing by either the Lessor or Lessee, or by mutual consent, with 30 days advance notice. The maximum term of any lease agreement shall not exceed five (5) years. In the event of breach or noncompliance with this agreement, the Lessor may terminate this agreement by giving the Lessee advance written notice. LEASE PAYMENTS, FEES AND RESIDUAL VALUE The Lessor and Lessee have negotiated and agreed that the initial value of the vehicle is $[SPECIFY]. The rental price of the motor vehicle is $[SPECIFY] payable on the [SPECIFY] day of the MONTH for the next [SPECIFY] months. The lease rate is [SPECIFY] % per annum. The estimated residual value of the Vehicle is $[SPECIFY]. A late fee of $ [SPECIFY] will be charged on all payments that are paid after the due date. INSURANCE At all times during the term of this lease, the Lessee shall obtain and maintain, at its own expense, the following minimum insurance coverage through a recognized insurer. Public liability for bodily injury, death or damage to the property of others in the amount of $1,000,000 per claim, regardless of the number of claims resulting from any one accident; Collision insurance with a maximum deductible of $1,000; and Comprehensive fire and theft insurance with a maximum deductible of $1,000. If the Lessee does not maintain appropriate insurance coverage, the Lessor has the right, but not the obligation, to do so and the Lessee will owe us this amount. Insurance coverage must be confirmed annually to the Lessor. The insurance policy must name the Lessor as an additional insured and beneficiary of the loss under the applicable insurance policy. The policy must also give the Lessor at least ten (10) days notice of any cancellation, termination or reduction in coverage. The Lessee will assign to the Lessor any monies paid under the insurance regardless of who obtained it. The Lessee authorizes the Lessor to receive or collect any monies (including any refund of premiums) payable under the insurance, to complete any proof of loss and any claim, to endorse cheques or drafts for payments and to cancel the insurance or settle or discharge any claim under the insurance. If for any reason the insurance is not fully maintained or coverage is denied, the Lessee will remain liable to us for all amounts due under this lease. The Lessee shall authorize its insurance provider to provide the Lessor with the details of the insurance policy. Any repairs over $2,000 must be approved in advance by the Lessor. The lessee agrees to permit the lessor to inspect the vehicle at any reasonable time and place after making such repairs. OWNERSHIP The Lessor is the registered owner of the vehicle. All right, title and interest in and to the Vehicle shall remain with the Lessor and nothing in this Agreement shall be deemed to transfer to the Lessee any right of ownership. lessor obligations It is agreed that the lessor will make the vehicle available to the lessee during the term of this vehicle lease agreement. The Lessor hereby agrees: To grant the Lessee exclusive use and possession of the motor vehicle during the duration of this agreement, save as is provided for by the agreement; To grant the Lessee quiet possession of the motor vehicle; lessEE obligations It is agreed that the Lessee shall make use of the Vehicle during the operation of this Vehicle Lease Agreement in accordance with terms of this Vehicle Lease Agreement The Lessor hereby agrees: To assume all risks of loss and damage related to the vehicle;","Vehicle Lease Agreement","6",513,"https://templates.business-in-a-box.com/imgs/1000px/vehicle-lease-agreement-D12694.png","https://templates.business-in-a-box.com/imgs/250px/12694.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12694.xml",{"title":114,"description":6},"vehicle lease agreement",[116,118],{"label":33,"url":117},"business-legal-agreements",{"label":33,"url":117},"/template/vehicle-lease-agreement-D12694",{"description":121,"descriptionCustom":6,"label":122,"pages":123,"size":109,"extension":10,"preview":124,"thumb":125,"svgFrame":126,"seoMetadata":127,"parents":129,"keywords":128,"url":134},"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":128,"description":6},"non disclosure agreement nda",[130,131],{"label":33,"url":117},{"label":132,"url":133},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":136,"descriptionCustom":6,"label":137,"pages":108,"size":138,"extension":10,"preview":139,"thumb":140,"svgFrame":141,"seoMetadata":142,"parents":143,"keywords":147,"url":148},"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",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},[144],{"label":145,"url":146},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":150,"descriptionCustom":6,"label":151,"pages":108,"size":109,"extension":10,"preview":152,"thumb":153,"svgFrame":154,"seoMetadata":155,"parents":157,"keywords":156,"url":160},"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":156,"description":6},"service agreement",[158,159],{"label":33,"url":117},{"label":33,"url":117},"/template/service-agreement-D12711",{"description":162,"descriptionCustom":6,"label":163,"pages":164,"size":109,"extension":10,"preview":165,"thumb":166,"svgFrame":167,"seoMetadata":168,"parents":170,"keywords":169,"url":175},"Asset Purchase Agreement Your transaction description here. Table of Content 1. INTERPRETATION 5 1.1. Definitions 5 1.2. Extended Meanings 8 1.3. Interpretation Not Affected by Headings 8 1.4. Applicable Law 8 1.5. Funds 8 1.6. Financial Documents 8 1.7. Invalidity 9 1.8. Business Day 9 1.9. Preamble 9 2 PURCHASED ASSETS 9 2.1. Purchased Assets 9 2.2. Excluded Assets 10 2.3. Leases and Retention of Ownership Agreements 11 2.4. Removal of Purchased Assets 11 2.5. Forward Commitments 11 2.6. Assets Used in the Business 11 3. PURCHASE AND SALE 11 3.1. Purchase Price 11 3.2. Default 12 3.3. Balance of Price 12 3.4. Allocation of the Purchase Price 12 3.5. No Assumption of Liabilities 12 3.6. Payment of Taxes 13 3.7. Adjustments 13 3.8. Net Worth Adjustment 13 3.9. Disagreement Regarding Adjustment of Purchase Price 13 3.10. Escrow of Purchase Price 13 4. CLOSINGS AND CONDITIONS PRECEDENT TO THE SALE 14 4.1. Closing Date 14 4.2. Conditions Precedent to Closing in Favor of the Purchaser 14 4.3. Conditions Precedent to Closing in Favor of the Seller 17 4.4. Risk of Loss 17 4.5. Notification 18 5. REPRESENTATIONS AND WARRANTIES OF THE SELLER AND THE PURCHASER 18 5.1. Representations and Warranties of Seller 18 5.2. Representations and Warranties of the Purchaser 28 5.3. Survival 29 5.4. Indemnification of the Purchaser 29 5.5. Warranty Work 29 6. EMPLOYEES 30 6.1. List of Non-Unionized Employees 30 6.2. Employment to Non-Unionized Employees 30 6.3. Claims by Non-Unionized Employees 30 6.4. Pension Plan for Employees 30 6.5. Assumption of Collective Agreement 31 6.6. List of Unionized Employees 31 6.7. Offers to Unionized Employees 31 6.8. Short Term and Long-Term Disability 32 6.9. Benefit Plans 32 7. MUTUAL COOPERATION 32 7.1. Conduct of Business Prior to Closing 32 7.2. Access for Investigation Prior to Closing 32 7.3. Actions to Satisfy Closing Conditions 33 7.4. Transfer of Purchased Assets 33 7.5. Assistance in Judicial Claims 34 7.6. Collection of Receivables 34 7.7. Accounts Receivable 34 7.8. Differentiation of Products 35 8. MISCELLANEOUS 35 8.1. Successors and Assigns 35 8.2. Brokers 35 8.3. Legal Fees 35 8.4. Public Announcement 35 8.5. Entire Agreement 35 8.6. Notices 36 8.7. Time of Essence 36 8.8. Counterparts 36 9. GUARANTEE 36 9.1. Intervention of the Guarantor 36 9.2. Indulgence 37 9.3. Disability of Purchaser 37 ASSET PURCHASE AGREEMENT This Asset Purchase Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Purchaser\"), 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: [FIRST PART] (the \"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: [SECOND PART] (the \"Seller\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS the Seller carries on the business of [NUMBER] WHEREAS the Seller has agreed to sell, and the Purchaser has agreed to purchase certain assets relating to the Business upon the terms and conditions set forth in this Agreement. NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS AND AGREEMENTS HEREIN CONTAINED AND OTHER GOOD AND VALUABLE CONSIDERATION, THE [COMPANY NAME] HERETO AGREE AS FOLLOWS: INTERPRETATION Definitions Unless the subject matter or context otherwise requires: \"Affiliate\" has the meaning ascribed to the term \"affiliated corporations\" in the [COUNTRY Business Corporations Act]. \"Associate\" has the meaning ascribed to the term \"associate\" in the [COUNTRY Business Corporations Act]. \"Balance of Price\" has the meaning ascribed thereto in Section 3.1.2. \"Books and Records\" means any books and records (originals or copies thereof) of Seller relating exclusively to the Business including, without limitation, books and records relating to the purchase materials and supplies, the manufacture, assembly and processing of products, sales of products, dealings with customers and franchises, invoices, customer lists, mailing lists, suppliers lists, trademarks and trade names, financial records, personnel records (to the extent permitted by law) and taxes (excluding Seller's income tax and other tax records unrelated to the Business). \"Business Day\" means any day excluding Saturday, Sunday and any other day which in [STATE/PROVINCE], [COUNTRY] is a legal holiday or a day on which financial institutions are authorized by law or by local proclamation to close. \"Claims\" means any demand, action, cause of action, damage, loss, cost, liability, expense or requirements, governmental or otherwise, including the cost of legal representation in respect thereof and any interest or penalty arising in connection therewith. \"Closing\" means the completion of the sale to and purchase by the Purchaser of the Purchased Assets under this Agreement by the transfer and delivery of documents of title thereto and the payment of the Purchase Price therefore in accordance with this Agreement. \"Closing Date\" has the meaning ascribed thereto at Section 4.1. \"Collective Agreement\" has the meaning ascribed thereto at Section 5.1.15. \"Employees\" has the meaning ascribed thereto at Section 5.1.15. \"Excluded Assets\" has the meaning ascribed thereto at Section 2.2. \"Goodwill\" has the meaning ascribed thereto in Subsection 2.1.12. \"Immovables\" has the meaning ascribed thereto in Subsection 2.1.4. \"Financial Statements\" means: the audited financial statements of the Seller relating to its Business for the fiscal periods ended [NUMBER] through [NUMBER] inclusive, consisting of a balance sheet, statements of income and retained earnings, statement of profits and losses, changes in financial position, auditor(s)' report and notes thereto; and the unaudited interim financial statements of the Seller relating to its Business for the interim fiscal period ended [NUMBER], consisting of a balance sheet, statements of income and retained earnings, statement of profits and losses, changes in financial position, auditor(s)' report and notes thereto; true and exact copies of which are attached as Schedule 1.1a) hereto. \"Inventories\" means any product held for sale by the Seller and any materials (including components, spare parts, raw materials, work-in-process, finished products, packaging), held by the Seller in connection with the manufacturing, processing, assembly and sale of products, whether or not located on the Seller's premises, on consignment to a third party or in possession of sub-contractors, in transit or in storage. \"Letter of Credit\" means the irrevocable letter of credit issued by the [Bank] to the Seller in the amount of [AMOUNT]. \"Liabilities\" means all the liabilities, debts and obligations of the Seller whether present or future, whether pertaining to the Business, the Purchased Assets or otherwise, including, without limiting the generality of the foregoing: Liabilities under any service, management or other contract entered into by the Seller; Liabilities under any plans, programs or arrangements of any kind with respect to benefits provided to each person employed by the Seller at the Closing Date; Any Liabilities for any accidents, breach of contract, delict and quasi-delict, occupational health and safety violations, and all other types of claims and lawsuits connected with or arising out of any matter, incident, occurrence of set of facts or circumstances prior to the Closing Date; Liabilities relating to defects of any product sold at any time by the Seller prior to the Closing Date;","Purchase Agreement","37","https://templates.business-in-a-box.com/imgs/1000px/purchase-agreement-D12670.png","https://templates.business-in-a-box.com/imgs/250px/12670.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12670.xml",{"title":169,"description":6},"purchase agreement",[171,172],{"label":33,"url":117},{"label":173,"url":174},"Purchase & Sale Agreements","purchase-sale-agreement","/template/purchase-agreement-D12670",false,{"seo":178,"reviewer":189,"legal_disclaimer":193,"quick_facts":194,"at_a_glance":196,"personas":200,"variants":225,"glossary":249,"clauses":286,"how_to_fill":337,"common_mistakes":378,"faqs":403,"industries":431,"comparisons":455,"diy_vs_lawyer":469,"jurisdictions":482,"related_template_ids_curated":503,"schema":513,"classification":514},{"meta_title":179,"meta_description":180,"primary_keyword":181,"secondary_keywords":182},"Equipment & Leasehold Improvements Lease Agreement Template (Free Word)","Free equipment and leasehold improvements lease agreement template. Covers lease term, rent, maintenance, improvements, default, and return conditions. Free Word and PDF download.","equipment and leasehold improvements lease agreement",[183,184,185,186,187,188],"leasehold improvements lease agreement","equipment lease contract template","commercial equipment lease template","equipment lease agreement word","leasehold improvement agreement template","equipment rental agreement template",{"name":190,"credential":191,"reviewed_date":192},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":195,"legal_review_recommended":193,"signature_required":193,"notarization_required":176},"advanced",{"what_it_is":197,"when_you_need_it":198,"whats_inside":199},"An Equipment and Leasehold Improvements Lease Agreement (Long Form) is a comprehensive legally binding contract between a lessor and a lessee that governs the rental of physical equipment alongside any tenant-funded improvements made to a leased premises. This free Word download covers the full lifecycle of the arrangement — from delivery and installation through maintenance obligations, permitted alterations, and end-of-term return or buyout — in a single detailed document you can edit online and export as PDF.\n","Use it when a business is leasing significant equipment — machinery, technology systems, medical devices, or industrial tools — and also making structural or cosmetic improvements to the space in which that equipment operates. It is especially critical when the combined value of the equipment and improvements creates material financial exposure for either party.\n","Parties and equipment description, lease term and rent schedule, delivery and acceptance, permitted leasehold improvements and restoration obligations, maintenance and repair allocation, insurance requirements, default and remedies, indemnification, and end-of-term options including purchase, renewal, and return conditions.\n",[201,205,209,213,217,221],{"title":202,"use_case":203,"icon_asset_id":204},"Business owners leasing commercial space","Formalizing equipment rental and fit-out costs with a landlord or equipment lessor","persona-small-business-owner",{"title":206,"use_case":207,"icon_asset_id":208},"Equipment lessors and leasing companies","Protecting asset value and recovery rights when tenants modify the premises","persona-equipment-lessor",{"title":210,"use_case":211,"icon_asset_id":212},"Franchise operators","Documenting brand-required equipment and fit-out obligations on leased premises","persona-franchise-applicant",{"title":214,"use_case":215,"icon_asset_id":216},"Healthcare and dental practices","Leasing high-value medical equipment installed in a clinical build-out","persona-healthcare-provider",{"title":218,"use_case":219,"icon_asset_id":220},"Retail and hospitality operators","Leasing fixtures, POS systems, and HVAC equipment alongside interior improvements","persona-retailer",{"title":222,"use_case":223,"icon_asset_id":224},"Manufacturing and industrial tenants","Securing long-term machinery leases tied to purpose-built facility improvements","persona-manufacturer",[226,229,232,235,238,242,245],{"situation":227,"recommended_template":44,"slug":228},"Leasing equipment only with no premises improvements","equipment-lease-agreement-D1140",{"situation":230,"recommended_template":231,"slug":228},"Short-term or month-to-month equipment rental","Equipment Rental Agreement",{"situation":233,"recommended_template":89,"slug":234},"Leasing commercial premises with tenant improvement allowance only","lease-agreement-D1179",{"situation":236,"recommended_template":237,"slug":228},"Financing equipment with an option to own from day one","Equipment Finance Agreement",{"situation":239,"recommended_template":240,"slug":241},"Subleasing equipment to a third party under an existing master lease","Equipment Sublease Agreement","landlord-consent-to-sublease-agreement-D13019",{"situation":243,"recommended_template":107,"slug":244},"Leasing vehicles or a fleet alongside facility improvements","vehicle-lease-agreement-D12694",{"situation":246,"recommended_template":247,"slug":248},"Sale-leaseback arrangement on equipment already owned","Sale and Leaseback Agreement","purchase-and-sale-agreement-D13884",[250,253,256,259,262,265,268,271,274,277,280,283],{"term":251,"definition":252},"Lessor","The party who owns the equipment and/or the leased premises and grants the right to use them in exchange for rent payments.",{"term":254,"definition":255},"Lessee","The business or individual who rents the equipment and occupies the premises, taking on maintenance and use obligations under the agreement.",{"term":257,"definition":258},"Leasehold Improvement","Any structural, cosmetic, or functional alteration a tenant makes to a leased space — such as installing cabinetry, electrical upgrades, or plumbing — to accommodate their business operations.",{"term":260,"definition":261},"Lease Term","The defined period during which the lessee has the right to use the equipment and occupy the premises, from the commencement date to the expiry or early termination date.",{"term":263,"definition":264},"Base Rent","The fixed periodic payment — monthly, quarterly, or annually — the lessee pays for use of the equipment and space, excluding operating expenses and variable charges.",{"term":266,"definition":267},"Restoration Obligation","The lessee's contractual duty to return the premises and equipment to their original condition at lease end, removing any improvements unless the lessor consents to retain them.",{"term":269,"definition":270},"Default","A breach of a material obligation under the lease — typically failure to pay rent, unauthorized alterations, or neglect of maintenance — that triggers the lessor's remedies.",{"term":272,"definition":273},"End-of-Term Option","A contractual right granted to the lessee at lease expiry to purchase the equipment at fair market value or a fixed price, renew the lease, or return the equipment.",{"term":275,"definition":276},"Depreciation","The reduction in the value of leased equipment over time due to wear, use, or obsolescence — relevant when calculating fair market value buyout prices and insurance replacement costs.",{"term":278,"definition":279},"Personal Property Tax","A jurisdiction-specific tax levied on the assessed value of tangible business equipment, which the lease must allocate to either the lessor or lessee.",{"term":281,"definition":282},"Force Majeure","A clause excusing a party's non-performance when extraordinary events beyond their control — floods, earthquakes, or government orders — prevent fulfillment of lease obligations.",{"term":284,"definition":285},"Quiet Enjoyment","The lessor's covenant guaranteeing the lessee undisturbed use of the equipment and premises for the duration of the lease, provided the lessee is not in default.",[287,292,297,302,307,312,317,322,327,332],{"name":288,"plain_english":289,"sample_language":290,"common_mistake":291},"Parties, Equipment Description, and Premises Identification","Identifies the lessor and lessee as legal entities and precisely describes the equipment being leased — make, model, serial number, quantity — along with the address of the premises where it will be installed.","This Lease Agreement is entered into on [DATE] between [LESSOR LEGAL NAME], a [STATE/PROVINCE] [ENTITY TYPE] ('Lessor'), and [LESSEE LEGAL NAME], a [STATE/PROVINCE] [ENTITY TYPE] ('Lessee'). The Equipment leased hereunder consists of [DESCRIPTION, MAKE, MODEL, SERIAL NUMBER], to be installed at [PREMISES ADDRESS] ('Premises').","Using a trade name instead of the registered legal entity name for either party. This creates enforcement ambiguity if the operating name differs from the legal entity, especially on default or insurance claims.",{"name":293,"plain_english":294,"sample_language":295,"common_mistake":296},"Lease Term, Commencement, and Renewal Options","Sets the start date, duration, and end date of the lease, and specifies any renewal options — including notice periods required to exercise them and whether rent adjusts on renewal.","The initial Lease Term shall commence on [COMMENCEMENT DATE] and expire on [EXPIRY DATE] ('Initial Term'). Lessee shall have [NUMBER] option(s) to renew for successive periods of [X] months each, exercisable by written notice no later than [X] days prior to expiry. Rent during any renewal term shall be [FIXED / ADJUSTED BY CPI / RENEGOTIATED].","Omitting the renewal notice deadline. If no deadline is specified, a lessee who misses an informal window may lose the renewal right and face renegotiation at market rates.",{"name":298,"plain_english":299,"sample_language":300,"common_mistake":301},"Rent, Payment Schedule, and Late Charges","States the base rent amount, payment frequency, accepted payment methods, and the late charge or interest rate that applies to overdue amounts.","Lessee shall pay Lessor base rent of $[AMOUNT] per month, due on the [FIRST] day of each calendar month. Payments shall be made by [METHOD] to [ACCOUNT/ADDRESS]. Any payment not received within [X] days of the due date shall accrue a late charge of [X]% per month on the outstanding balance.","No late charge clause at all, or one that mirrors the jurisdictional maximum without checking it. Courts in some jurisdictions treat excessive late fees as unenforceable penalties — cap them at a commercially reasonable rate.",{"name":303,"plain_english":304,"sample_language":305,"common_mistake":306},"Delivery, Installation, and Acceptance","Specifies who bears the cost and responsibility for delivering and installing the equipment, and how the lessee formally accepts it as fit for purpose — which typically starts the rent obligation.","Lessor shall deliver the Equipment to the Premises no later than [DATE]. Lessee shall inspect the Equipment within [X] business days of delivery and provide written notice of any defects. Failure to provide timely notice shall constitute acceptance of the Equipment in good working order, and the Lease Term and rent obligation shall commence upon acceptance.","Starting rent from the delivery date rather than the acceptance date. If equipment arrives damaged or incomplete, the lessee may owe rent on equipment they cannot use — always tie rent commencement to a signed acceptance certificate.",{"name":308,"plain_english":309,"sample_language":310,"common_mistake":311},"Leasehold Improvements — Permitted Work and Approval Process","Defines what alterations the lessee may make to the premises to accommodate the equipment, what requires prior written consent from the lessor, and the standards to which the work must be performed.","Lessee may make improvements to the Premises as described in Schedule B ('Permitted Improvements') without prior consent. Any additional alterations require Lessor's written consent, not to be unreasonably withheld. All work shall be performed by [LICENSED CONTRACTORS / APPROVED CONTRACTOR LIST], in compliance with applicable building codes, and at Lessee's sole cost and expense.","No Schedule B detailing the approved improvements. A vague reference to 'reasonable alterations' creates disputes about what was actually permitted — attach a detailed scope with drawings or specifications.",{"name":313,"plain_english":314,"sample_language":315,"common_mistake":316},"Maintenance, Repair, and Condition Obligations","Allocates responsibility for routine maintenance, preventive service, and major repairs between the lessor and lessee for both the equipment and the improved premises.","Lessee shall maintain the Equipment in good working order and perform all routine maintenance per the manufacturer's guidelines at Lessee's expense. Lessor shall be responsible for structural repairs to the Premises. Lessee shall promptly notify Lessor in writing of any equipment malfunction or damage to the Premises exceeding $[THRESHOLD].","Assigning all maintenance to the lessee without distinguishing structural from operational repairs. For long-term leases, unexpected major structural costs can become a financial burden the lessee cannot absorb, leading to default.",{"name":318,"plain_english":319,"sample_language":320,"common_mistake":321},"Insurance Requirements","Requires both parties to maintain specified insurance coverages — property, liability, and business interruption — and to provide certificates of insurance naming the other party as an additional insured.","Lessee shall, at its expense, maintain (a) commercial general liability insurance with limits of not less than $[X] per occurrence and $[X] aggregate; (b) property insurance covering the Equipment at full replacement value; and (c) business interruption insurance. Lessee shall provide Lessor with certificates of insurance naming Lessor as additional insured within [X] days of execution.","Specifying coverage limits in the contract without indexing them to inflation or market norms. A $1M liability limit written in 2015 may be materially inadequate by 2026 — set a periodic review obligation or index to CPI.",{"name":323,"plain_english":324,"sample_language":325,"common_mistake":326},"Restoration Obligations at Lease End","States whether the lessee must remove leasehold improvements and restore the premises to original condition at lease end, or whether the lessor may elect to retain them — and who bears the cost either way.","Upon expiry or earlier termination, Lessee shall, at Lessor's election, either (a) remove all Permitted Improvements and restore the Premises to their original condition, or (b) surrender the Premises with Permitted Improvements intact. Lessor shall notify Lessee of its election no later than [X] days prior to the expiry date. Costs of removal and restoration shall be borne by [LESSEE / AS AGREED].","No deadline for the lessor to elect retention or removal. Without one, the lessee cannot plan demolition costs or timing, and post-lease disputes over who owes what are common.",{"name":328,"plain_english":329,"sample_language":330,"common_mistake":331},"Default, Remedies, and Cure Period","Defines what constitutes a default — missed payment, unauthorized use, failure to insure, or abandonment — and what remedies the lessor may pursue, including the notice and cure period before action is taken.","An event of Default shall occur if: (a) Lessee fails to pay rent within [X] days of the due date; (b) Lessee makes unauthorized alterations; (c) Lessee fails to maintain required insurance; or (d) Lessee abandons the Premises. Lessor shall provide written notice of Default, and Lessee shall have [X] days to cure. Upon failure to cure, Lessor may terminate this Agreement, repossess the Equipment, and pursue all available legal remedies.","Setting too short a cure period — 3 days for a payment default is common in template boilerplate but may be void in jurisdictions requiring longer statutory notice. Check applicable landlord-tenant or UCC rules before finalizing.",{"name":333,"plain_english":334,"sample_language":335,"common_mistake":336},"End-of-Term Options — Purchase, Renewal, and Return","Specifies the lessee's options at lease expiry: purchase the equipment at a stated or fair-market price, renew under new or existing terms, or return the equipment in a defined condition with an inspection process.","At the expiration of the Lease Term, Lessee shall have the option to (a) purchase the Equipment at a price of $[FIXED PRICE] or fair market value as determined by [METHOD]; (b) renew this Agreement for [TERM] upon mutual written agreement; or (c) return the Equipment to Lessor at [RETURN LOCATION] in good working order, normal wear and tear excepted. Lessee must exercise its election in writing no later than [X] days prior to expiry.","No definition of 'normal wear and tear' or an inspection process. Without an agreed standard, disputes over equipment condition at return are almost inevitable — attach a return condition checklist as a schedule.",[338,343,348,353,358,363,368,373],{"step":339,"title":340,"description":341,"tip":342},1,"Identify the parties using full legal entity names","Enter the lessor's and lessee's registered legal names, entity types, states or provinces of incorporation, and principal addresses. Do not use trade names or DBAs in the party block.","Pull entity names directly from your state or provincial business registry to avoid spelling or punctuation mismatches that complicate enforcement.",{"step":344,"title":345,"description":346,"tip":347},2,"Describe the equipment precisely","List each piece of equipment with its make, model, serial number, quantity, and estimated replacement value. For multiple items, use a Schedule A and incorporate it by reference in the main agreement.","Photograph the equipment and attach the photos as an exhibit at execution — this eliminates return-condition disputes about pre-existing damage.",{"step":349,"title":350,"description":351,"tip":352},3,"Set the lease term, commencement date, and renewal options","Enter the exact start and end dates, any renewal periods with their duration and rent adjustment mechanism, and the written notice deadline the lessee must meet to exercise each option.","For long-term leases (3 years or more), include a CPI escalation clause on renewal rent rather than a fixed percentage — it protects the lessor against inflation without requiring renegotiation.",{"step":354,"title":355,"description":356,"tip":357},4,"Define the rent schedule and late charge","State the base rent amount, payment frequency, and due date. Add a late charge of 1–2% per month on overdue amounts, and confirm this rate is below the usury ceiling in the applicable jurisdiction.","Specify the payment method — ACH, wire, or check — and the exact payee account details in the payment clause to prevent misdirected payments.",{"step":359,"title":360,"description":361,"tip":362},5,"Attach a Schedule B for permitted leasehold improvements","List every improvement the lessee is authorized to make — electrical, plumbing, cabinetry, flooring, HVAC — with a description specific enough to distinguish approved from unauthorized work.","Require the lessee to obtain and provide copies of all building permits for Schedule B work before construction begins. Unpermitted improvements can void the lessor's property insurance.",{"step":364,"title":365,"description":366,"tip":367},6,"Allocate maintenance and repair responsibilities","Specify which party handles routine maintenance, preventive servicing, emergency repairs, and structural repairs. Reference the manufacturer's maintenance schedule for the equipment.","For high-value equipment, require the lessee to maintain a manufacturer-authorized service contract and provide annual service records to the lessor.",{"step":369,"title":370,"description":371,"tip":372},7,"Insert insurance coverage minimums and certificate requirements","Set liability and property insurance minimums appropriate to the equipment value and premises size. Require the lessee to deliver a certificate naming the lessor as additional insured within 10 days of signing.","Ask your insurance broker what coverage limits are standard for your industry and equipment class — generic boilerplate minimums are often inadequate for specialized machinery.",{"step":374,"title":375,"description":376,"tip":377},8,"Confirm the default clause, cure periods, and end-of-term options","Review the default triggers and cure periods against the statutory minimums in the governing jurisdiction. Confirm the end-of-term election deadline gives the lessee enough lead time to arrange financing for a buyout or logistics for a return.","Have both parties initial the end-of-term options clause separately at signing — it is the most frequently disputed provision and a separate initial signals clear acknowledgment.",[379,383,387,391,395,399],{"mistake":380,"why_it_matters":381,"fix":382},"Tying rent commencement to delivery rather than acceptance","If equipment arrives damaged or fails initial testing, the lessee starts paying rent on unusable equipment — creating an immediate dispute and potential payment default.","Link rent commencement to a signed acceptance certificate issued after the lessee has inspected and confirmed the equipment is in good working order.",{"mistake":384,"why_it_matters":385,"fix":386},"No detailed Schedule B for permitted improvements","Without a specific approved scope, any alteration the lessee makes is potentially unauthorized, and the lessor may demand costly removal of improvements the lessee believed were permitted.","Attach a Schedule B listing every permitted improvement with enough detail — dimensions, materials, contractor requirements — to distinguish it from unauthorized work.",{"mistake":388,"why_it_matters":389,"fix":390},"Omitting the lessor's restoration election deadline","A lessee who does not know until the last week of a lease whether they must demolish improvements cannot budget for removal costs, and post-lease possession disputes frequently follow.","Require the lessor to notify the lessee of their restoration election at least 60–90 days before lease expiry so the lessee can plan and budget accordingly.",{"mistake":392,"why_it_matters":393,"fix":394},"Generic insurance minimums that do not reflect equipment value","A property insurance minimum written at $500,000 for equipment now worth $2M leaves a $1.5M uninsured gap that falls entirely on the lessor if the lessee defaults or the equipment is destroyed.","Tie the property insurance minimum to the current replacement value of the equipment and require annual recertification of that figure alongside the insurance certificate.",{"mistake":396,"why_it_matters":397,"fix":398},"No definition of 'normal wear and tear' for equipment return","Without an agreed standard, the lessor and lessee inevitably disagree on what damage exceeds normal use — leading to security deposit disputes, repair cost claims, and litigation.","Attach a return condition checklist as a schedule and conduct a joint inspection at least 30 days before lease end, documenting findings in writing signed by both parties.",{"mistake":400,"why_it_matters":401,"fix":402},"Using an at-will or month-to-month term for a capital improvement arrangement","Leasehold improvements are long-lived investments. A month-to-month lease exposes the lessee to termination before they recoup improvement costs, and the lessor to sudden vacancy in a specialized space.","Set a minimum lease term long enough for the lessee to amortize the improvement costs — typically matching the depreciation schedule of the improvements, often 5–10 years.",[404,407,410,413,416,419,422,425,428],{"question":405,"answer":406},"What is an equipment and leasehold improvements lease agreement?","An equipment and leasehold improvements lease agreement is a legally binding contract that governs the rental of physical equipment alongside any structural or cosmetic alterations a tenant makes to the leased premises to accommodate that equipment. It sets out rent, maintenance responsibilities, permitted improvement scope, restoration obligations, insurance requirements, and end-of-term options in a single document. The long form is used when equipment value, improvement complexity, or lease duration makes a detailed written record essential.\n",{"question":408,"answer":409},"Who typically signs this type of agreement?","The lessor — which may be the building landlord, an equipment leasing company, or a third-party financier — and the lessee, typically a business occupying the premises. In some arrangements, a separate equipment lessor and a separate building landlord are both parties, which requires careful coordination to ensure the two agreements are consistent on improvement rights and return obligations.\n",{"question":411,"answer":412},"What is the difference between equipment lease agreements and leasehold improvement agreements?","A standalone equipment lease agreement covers only the rental of tangible machinery or tools and does not address modifications to the physical space. A leasehold improvement agreement addresses the tenant's right to alter the premises. The long-form combined agreement is used when both apply simultaneously — for example, a dental practice leasing dental chairs installed in a custom clinical build-out — because the two sets of obligations are interdependent and must be governed consistently.\n",{"question":414,"answer":415},"Who is responsible for maintaining leased equipment?","Maintenance allocation depends on the specific contract terms. In most commercial equipment leases, routine maintenance and consumables are the lessee's responsibility, while the lessor may be obligated to address major mechanical failure caused by manufacturing defects. The agreement should explicitly reference the manufacturer's maintenance schedule and state which party must maintain a service contract. Ambiguity here is one of the most common sources of lease disputes.\n",{"question":417,"answer":418},"Do leasehold improvements become the landlord's property?","Generally yes, unless the lease provides otherwise. In most jurisdictions, improvements that are permanently affixed to the premises — cabinetry, flooring, electrical upgrades — become the landlord's property at the end of the lease unless the tenant has a contractual right or obligation to remove them. The agreement should explicitly state whether the tenant must restore the premises and who bears the removal cost, to avoid disputes at lease expiry.\n",{"question":420,"answer":421},"What happens if the lessee defaults on the lease?","Upon a defined event of default — typically missed rent, unauthorized alterations, or failure to maintain insurance — the lessor must typically provide written notice and a cure period before pursuing remedies. Remedies may include lease termination, repossession of the equipment, acceleration of remaining rent obligations, and recovery of costs to restore the premises. The specific remedies and timelines must comply with applicable state, provincial, or national law — generic boilerplate cure periods are sometimes shorter than statutory minimums.\n",{"question":423,"answer":424},"Can the lessee purchase the equipment at the end of the lease?","Yes, if the agreement includes an end-of-term purchase option. This option is typically stated as a fixed price, a percentage of original cost, or fair market value determined by an agreed methodology. The lessee must usually exercise the option in writing before a stated deadline — often 60 to 90 days before lease expiry. Without a written purchase option in the agreement, the lessee has no contractual right to acquire the equipment and must negotiate separately.\n",{"question":426,"answer":427},"Is this agreement governed by real property law or personal property law?","Combined agreements covering both equipment and leasehold improvements often sit at the intersection of two bodies of law. The equipment component is typically governed by the Uniform Commercial Code (UCC) in the US, or analogous personal property statutes elsewhere, while the premises component may be governed by real property and landlord-tenant law. This dual character is one reason legal review is recommended — ensuring that the governing law clause and remedies provisions are consistent across both components.\n",{"question":429,"answer":430},"Do I need a lawyer to draft this agreement?","For straightforward short-term equipment leases with minimal improvements, a well-structured template is typically sufficient. Legal review is strongly recommended when the combined value of equipment and improvements exceeds $50,000, when the lease term is five years or longer, when the lessee is making substantial structural changes to the premises, or when the agreement spans multiple jurisdictions. A lawyer review typically costs $500–$1,500 and is a proportionate investment relative to the financial exposure.\n",[432,435,439,443,447,451],{"industry":214,"icon_asset_id":433,"specifics":434},"industry-healthtech","High-value diagnostic and treatment equipment — MRI machines, dental chairs, surgical systems — installed in custom clinical build-outs requiring HIPAA-compliant facility modifications and specific decommissioning obligations.",{"industry":436,"icon_asset_id":437,"specifics":438},"Food and beverage","industry-food-beverage","Commercial kitchen equipment — ovens, refrigeration, ventilation systems — permanently installed in leased restaurant spaces, where restoration obligations and health code compliance interact directly with lease terms.",{"industry":440,"icon_asset_id":441,"specifics":442},"Manufacturing and industrial","industry-manufacturing","Heavy machinery anchored to reinforced floors or integrated with purpose-built utilities, requiring structural improvement approvals, load-bearing certifications, and specialized removal procedures at lease end.",{"industry":444,"icon_asset_id":445,"specifics":446},"Retail and fitness","industry-retail","POS systems, custom fixtures, gym equipment, and HVAC installations in leased retail or studio spaces where brand standards dictate both the equipment specification and the premises fit-out scope.",{"industry":448,"icon_asset_id":449,"specifics":450},"Technology and data centers","industry-saas","Server racks, UPS systems, and cooling infrastructure installed in colocation or office space, where power and structural improvements are significant capital investments requiring clear ownership and removal terms.",{"industry":452,"icon_asset_id":453,"specifics":454},"Professional services","industry-professional-services","Specialized A/V, security, and communications equipment installed in law firms, financial services offices, or medical practices, combined with high-end interior improvements that require careful restoration clause drafting.",[456,460,463,466],{"vs":457,"vs_template_id":458,"summary":459},"Equipment Lease Agreement (Short Form)","equipment-lease-agreement-D1136","A short-form equipment lease covers rental of a single piece of equipment with minimal complexity — payment terms, return condition, and basic default provisions. It does not address leasehold improvements, restoration obligations, or multi-year renewal structures. Use the long form whenever the lessee is also making premises alterations or the equipment is permanently installed.",{"vs":89,"vs_template_id":461,"summary":462},"commercial-lease-agreement-D1134","A commercial lease agreement governs the rental of premises only — not equipment. It may include a tenant improvement allowance clause, but it does not regulate the leasing of specific tangible assets or the obligations associated with their installation and return. Where both a premises lease and an equipment lease are needed, either document them in separate agreements or use this combined long-form template.",{"vs":237,"vs_template_id":464,"summary":465},"D{EQUIPMENT_FINANCE_AGREEMENT_ID}","An equipment finance agreement is a financing instrument — the business acquires ownership of the equipment over time through installment payments, with the lender holding a security interest until payoff. An equipment lease agreement transfers only the right to use the equipment; ownership remains with the lessor. Finance agreements are appropriate when the intent is eventual ownership; lease agreements are appropriate when use without ownership is the goal.",{"vs":107,"vs_template_id":467,"summary":468},"vehicle-lease-agreement-D1143","A vehicle lease agreement is tailored to motor vehicles — covering registration, insurance minimums, mileage limits, and DMV transfer obligations — none of which appear in an equipment and leasehold improvements lease. Use a vehicle lease for cars, trucks, or fleet assets. Use this template for stationary or installed equipment combined with premises improvements.",{"use_template":470,"template_plus_review":474,"custom_drafted":478},{"best_for":471,"cost":472,"time":473},"Businesses leasing equipment under $50,000 in value with straightforward, pre-approved improvements in a single jurisdiction","Free","45–90 minutes",{"best_for":475,"cost":476,"time":477},"Leases involving $50,000–$500,000 in combined equipment and improvement value, multi-year terms, or complex restoration obligations","$500–$1,500","3–5 business days",{"best_for":479,"cost":480,"time":481},"High-value specialized installations, cross-border arrangements, heavily regulated industries, or leases with sale-leaseback or financing components","$2,000–$8,000+","2–4 weeks",[483,488,493,498],{"code":484,"name":485,"flag_asset_id":486,"note":487},"us","United States","flag-us","Equipment leases in the US are governed by Article 2A of the Uniform Commercial Code, while leasehold improvement obligations are subject to state real property and landlord-tenant law — creating a dual legal framework within a single agreement. Non-compete remedies, cure period minimums, and security deposit handling vary significantly by state. California, New York, and Texas each impose distinct rules on landlord remedies and tenant improvement ownership at lease end.",{"code":489,"name":490,"flag_asset_id":491,"note":492},"ca","Canada","flag-ca","Canadian equipment leases are governed provincially — Ontario's Personal Property Security Act (PPSA) and equivalent provincial statutes regulate security interests in leased equipment. Commercial tenancy legislation varies by province and sets minimum notice and remedies rules. Quebec civil law applies distinct concepts of lease and improvement ownership that differ materially from common-law provinces, and French-language documentation may be required for Quebec operations.",{"code":494,"name":495,"flag_asset_id":496,"note":497},"uk","United Kingdom","flag-uk","In the UK, equipment leases are regulated under the Consumer Credit Act 1974 (for certain transactions), the Sale of Goods Act, and common-law contract principles. Leasehold improvements are governed by landlord and tenant law, including the Landlord and Tenant Act 1954 for business tenancies, which grants certain renewal rights. Dilapidations obligations — the UK equivalent of restoration — are strictly regulated and frequently the subject of end-of-lease disputes; a schedules of condition attached at commencement is standard practice.",{"code":499,"name":500,"flag_asset_id":501,"note":502},"eu","European Union","flag-eu","EU member states have no harmonized equipment lease statute; each jurisdiction applies its own civil or commercial code. IFRS 16 requires lessees to recognize most lease assets and liabilities on their balance sheets, affecting how equipment leases are structured and disclosed for EU-regulated entities. GDPR considerations arise where equipment processes personal data — data handling obligations should be addressed in the agreement or a separate DPA. France, Germany, and the Netherlands each impose distinct tenant protection rules on commercial leases.",[228,234,244,504,505,506,507,508,509,510,511,512],"non-disclosure-agreement-nda-D12692","independent-contractor-agreement-D160","service-agreement-D12711","purchase-agreement-D12670","bill-of-sale-D1229","security-agreement-D915","personal-guarantee-D405","letter-of-intent_acquisition-of-business-D5197","partnership-agreement-D12551",{"emit_how_to":193,"emit_defined_term":193},{"primary_folder":117,"secondary_folder":515,"document_type":516,"industry":517,"business_stage":518,"tags":519,"confidence":525},"real-estate-and-leases","agreement","general","all-stages",[520,521,522,523,524],"lease","contract","equipment","leasehold-improvements","rental-agreement",0.95,"\u003Ch2>What is an Equipment and Leasehold Improvements Lease Agreement?\u003C/h2>\n\u003Cp>An \u003Cstrong>Equipment and Leasehold Improvements Lease Agreement\u003C/strong> is a comprehensive legally binding contract between a \u003Cstrong>lessor\u003C/strong> and a \u003Cstrong>lessee\u003C/strong> that governs two interrelated transactions simultaneously: the rental of tangible equipment — machinery, technology systems, medical devices, or industrial tools — and the lessee's right to make structural or cosmetic alterations to the leased premises in which that equipment will be installed and operated. Unlike a standard equipment lease, this long-form agreement addresses the full lifecycle of a combined arrangement — from delivery, installation, and acceptance through maintenance obligations, permitted improvement scope, insurance requirements, default and remedies, and end-of-term return, renewal, or purchase options. It is used when the financial stakes of the equipment and premises improvements together make a detailed, enforceable written record essential for both parties.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a combined written agreement, lessors and lessees operating under informal arrangements or mismatched separate contracts face significant exposure on multiple fronts simultaneously. A lessee who makes $200,000 in premises improvements with no written lease protection can be evicted before recouping that investment. A lessor with no defined restoration obligation can inherit a purpose-built space they cannot re-let without costly demolition. Missing insurance minimums leave a multi-million-dollar equipment installation underprotected. And end-of-term disputes over equipment condition, improvement ownership, and restoration costs are among the most litigated commercial lease issues in every major jurisdiction. This long-form template eliminates those gaps by documenting every material obligation in a single executed document — giving both parties a clear, enforceable record from day one through the final inspection.\u003C/p>\n",1781185914881]