¶¶Òõ¶ÌÊÓƵ

This Equipment Lease Purchase Option agreement is designed for use in the Netherlands when parties wish to establish a lease arrangement for equipment with the possibility of purchase during or at the end of the lease term. It is particularly suitable for businesses seeking to acquire expensive equipment while managing cash flow and maintaining flexibility. The document incorporates requirements under Dutch law, including provisions from the Dutch Civil Code (Burgerlijk Wetboek) and relevant tax regulations. It details the rights and obligations of both lessor and lessee, maintenance responsibilities, payment schedules, and specific conditions for exercising the purchase option. This agreement type is commonly used in various industries where significant equipment investments are required but immediate purchase may not be optimal.

1. Parties: Identification of lessor and lessee with full legal names and addresses

2. Background: Context of the agreement, including purpose of the lease and general intent regarding the purchase option

3. Definitions: Definitions of key terms used throughout the agreement

4. Equipment Description: General description of the leased equipment and reference to detailed specifications in schedule

5. Lease Term: Duration of the lease, commencement date, and conditions for renewal

6. Rental Payments: Payment terms, amounts, frequency, and method of payment

7. Purchase Option: Terms and conditions of the purchase option, including price calculation method and exercise period

8. Delivery and Acceptance: Terms regarding equipment delivery, inspection, and acceptance procedures

9. Use and Maintenance: Requirements for equipment use, maintenance obligations, and prohibited activities

10. Title and Risk: Provisions regarding ownership, risk allocation, and insurance requirements

11. Warranties and Representations: Warranties regarding equipment condition and fitness for purpose

12. Default and Remedies: Events of default and available remedies for both parties

13. Termination: Conditions and procedures for early termination

14. Governing Law and Jurisdiction: Specification of Dutch law as governing law and jurisdiction for disputes

15. General Provisions: Standard boilerplate provisions including notices, amendments, and severability