An Equipment Lease Agreement is used by many businesses to reduce costly acquisition of expensive, yet necessary equipment. It is also a means to remain current with quickly progressing technologies, along with reduced obligation and overhead costs.
The nature of the lease itself depends wholly upon the individual companies being dealt with and their own business practices.
Having an Equipment Lease Agreement produces a simple and already-established procedure to follow, should a problem occur for either party during the life of the business relationship.
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