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The Master Leasing Agreement is designed for situations where parties anticipate entering into multiple leasing transactions over time and wish to establish a standardized framework for these arrangements. This document type is particularly relevant in the UAE market, where both conventional and Islamic leasing structures are common. It establishes the overarching terms and conditions that will govern all subsequent individual lease schedules, including payment mechanisms, maintenance obligations, default provisions, and termination rights. The agreement incorporates relevant UAE legal requirements and commercial practices, while providing flexibility to accommodate various asset types and specific transaction requirements. The Master Leasing Agreement typically includes detailed schedules for individual leases, technical specifications, and operational requirements, making it a comprehensive document for managing complex leasing relationships in the UAE context.

1. Parties: Identification of the lessor and lessee, including full legal names, registration details, and addresses

2. Background: Context of the agreement, relationship between parties, and general purpose of the master leasing arrangement

3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement and rules of interpretation

4. Structure of Agreement: Framework explaining the master agreement concept and how individual lease schedules operate

5. Lease Term and Renewal: Duration of the master agreement, conditions for renewal, and process for establishing terms of individual leases

6. Delivery and Acceptance: Procedures for delivery and acceptance of leased assets, including inspection rights and documentation

7. Rental Payments: Payment terms, calculation methods, payment schedule, and late payment consequences

8. Security Deposit: Requirements for security deposits, maintenance, and return conditions

9. Use and Maintenance: Permitted use of leased assets, maintenance obligations, and operating conditions

10. Insurance Requirements: Mandatory insurance coverage, responsibility for obtaining insurance, and claims procedures

11. Title and Ownership: Confirmation of lessor's ownership rights and restrictions on lessee's rights

12. Representations and Warranties: Standard representations and warranties from both parties

13. Events of Default: Definition of default events and consequences

14. Remedies: Available remedies for breach of agreement, including termination rights

15. Return of Assets: Conditions and procedures for return of leased assets upon termination or expiry

16. Indemnification: Mutual indemnification obligations and limitations

17. Assignment and Subletting: Restrictions and conditions for assignment or subletting of lease rights

18. Notices: Communication procedures and contact details

19. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction for disputes

20. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments