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Finance Lease Agreement
1. Parties: Identification of lessor and lessee with full legal names and registration details
2. Background: Context of the agreement and brief description of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Equipment Description: Detailed description of the leased equipment including specifications and condition
5. Lease Term: Duration of the lease, commencement date, and any renewal options
6. Delivery and Acceptance: Terms regarding delivery, inspection, and acceptance of the equipment
7. Lease Payments: Payment terms, amounts, schedule, and method of payment
8. Title and Ownership: Confirmation of lessor's ownership and lessee's rights to use
9. Use and Maintenance: Requirements for equipment use, maintenance, and repair obligations
10. Insurance: Insurance requirements and responsibility for insurance coverage
11. Risk and Liability: Allocation of risk and liability between parties
12. Default and Remedies: Events of default and available remedies
13. Termination: Circumstances and procedures for early termination
14. Return of Equipment: Conditions and procedures for equipment return at lease end
15. Assignment and Transfer: Rights and restrictions regarding assignment of the agreement
16. Notices: Process for formal communications between parties
17. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction
18. General Provisions: Standard boilerplate clauses including severability, entire agreement, etc.
1. Purchase Option: Terms for lessee's option to purchase equipment at lease end, if applicable
2. Guarantees: Terms of any guarantees provided, used when there are third-party guarantors
3. Tax and VAT: Specific tax treatment and VAT provisions, if relevant to the transaction
4. Software Licenses: Terms for associated software if the equipment includes software components
5. Training and Support: Details of any training or support services provided with the equipment
6. Environmental Compliance: Special environmental requirements or certifications for certain equipment
7. Import/Export: Provisions for cross-border leases involving import/export of equipment
8. Sub-leasing: Terms allowing or prohibiting sub-leasing, if relevant
1. Equipment Schedule: Detailed technical specifications and identification of leased equipment
2. Payment Schedule: Detailed breakdown of payment amounts and dates
3. Acceptance Certificate: Form for documenting delivery and acceptance of equipment
4. Insurance Requirements: Detailed insurance specifications and requirements
5. Maintenance Schedule: Required maintenance procedures and schedules
6. Return Conditions: Detailed specifications for equipment condition upon return
7. Form of Purchase Option Notice: Template for exercising purchase option if applicable
8. Service Level Agreement: Details of any associated service requirements
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