This Lease Hire Agreement template is designed for use in Indonesian jurisdiction when one party (lessor) agrees to lease an asset to another party (lessee) for an agreed period in exchange for regular payments. The document is particularly relevant for business arrangements requiring detailed asset leasing terms under Indonesian law, incorporating compliance with OJK regulations and the Indonesian Civil Code. It is commonly used for high-value assets such as industrial equipment, vehicles, or machinery, where clear terms for maintenance, insurance, and eventual return or purchase options are crucial. The agreement includes comprehensive provisions for risk allocation, default scenarios, and dispute resolution mechanisms specific to the Indonesian legal context.
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1. Parties: Identification of the lessor and lessee with complete legal names and addresses
2. Background: Context of the agreement and brief description of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Object of Lease: Detailed description of the asset(s) being leased
5. Term and Delivery: Duration of the lease and delivery arrangements
6. Rental Payments: Payment terms, amounts, frequency, and method of payment
7. Security Deposit: Details of security deposit requirements and terms of return
8. Use and Maintenance: Permitted use of asset and maintenance responsibilities
9. Insurance: Required insurance coverage and responsibilities
10. Title and Risk: Ownership rights and risk allocation between parties
11. Representations and Warranties: Standard representations and warranties from both parties
12. Default and Termination: Events of default and termination procedures
13. Return of Asset: Conditions and procedures for asset return at lease end
14. Governing Law: Confirmation of Indonesian law as governing law
15. Dispute Resolution: Procedures for resolving disputes
16. Notices: Communication procedures between parties
17. General Provisions: Standard boilerplate clauses including assignment, amendments, etc.
1. Purchase Option: Terms for lessee to purchase the asset at end of lease - include if hire purchase option is offered
2. Sublease Rights: Rights and conditions for subletting - include if subletting is to be permitted
3. Import/Export Provisions: Special provisions for cross-border leases - include if asset may cross borders
4. Tax Provisions: Detailed tax arrangements - include if complex tax implications exist
5. Force Majeure: Extended force majeure provisions - include if specific risks need addressing
6. Environmental Compliance: Environmental obligations - include for assets with environmental impact
7. Government Approvals: Required permits and licenses - include if special permits needed
8. Currency Provisions: Currency exchange provisions - include if international payments involved
1. Schedule 1 - Asset Description: Detailed technical specifications of leased asset(s)
2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments including dates and amounts
3. Schedule 3 - Delivery and Acceptance Form: Form to be completed upon delivery of asset
4. Schedule 4 - Maintenance Requirements: Detailed maintenance and servicing requirements
5. Schedule 5 - Insurance Requirements: Specific insurance requirements and coverage details
6. Schedule 6 - Return Conditions: Detailed conditions for asset return at lease end
7. Schedule 7 - Permitted Locations: Locations where asset may be used or stored
8. Appendix A - Required Permits: List of required permits and licenses
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Transportation & Logistics
Construction
Mining
Agriculture
Industrial Equipment
Commercial Real Estate
Automotive
Heavy Machinery
Aviation
Maritime
Technology & IT Equipment
Healthcare Equipment
Energy & Resources
Relevant Teams
Legal
Finance
Procurement
Operations
Risk Management
Compliance
Treasury
Asset Management
Facilities Management
Contract Administration
Relevant Roles
Chief Financial Officer
Finance Director
Legal Counsel
Procurement Manager
Fleet Manager
Operations Director
Risk Manager
Treasury Manager
Contracts Manager
Asset Manager
Compliance Officer
Finance Controller
Equipment Manager
Facilities Manager
Legal Director
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