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The Lease Sale Agreement is a sophisticated legal instrument used in German business transactions where parties seek to combine the benefits of leasing with an eventual transfer of ownership. This document type is particularly valuable when the buyer wishes to spread the cost of acquisition over time while having immediate use of the asset. The agreement must comply with German legal requirements, particularly the provisions of the German Civil Code (BGB) regarding both lease and sale contracts. It typically includes comprehensive terms covering the initial lease period, maintenance obligations, payment structures, and the conditions for the final transfer of ownership. This document is commonly used for high-value assets, equipment financing, and property transactions where immediate full purchase is not preferred or practical.

1. Parties: Identification and details of the lessor-seller and lessee-buyer, including full legal names, addresses, and registration details if companies

2. Background: Context of the transaction, explaining the intention to combine lease and eventual sale, and any relevant history

3. Definitions: Key terms used throughout the agreement, including specific German legal terms and their English translations where applicable

4. Subject Matter of Agreement: Detailed description of the asset(s) being leased and sold, including any identifying numbers or characteristics

5. Lease Terms: Terms of the lease period, including duration, rental payments, and maintenance obligations

6. Purchase Option: Conditions and process for exercising the purchase option, including timing and notice requirements

7. Purchase Price and Payment: Total purchase price, credit for lease payments, and payment terms for the final purchase

8. Transfer of Ownership: Process and conditions for the transfer of ownership upon exercise of purchase option

9. Warranties and Representations: Warranties regarding the asset's condition, ownership, and any encumbrances

10. Insurance and Risk: Requirements for insurance during lease period and transfer of risk provisions

11. Maintenance and Repairs: Responsibilities for maintenance and repairs during the lease period

12. Default and Termination: Events of default, remedies, and termination provisions for both lease and sale aspects

13. Governing Law and Jurisdiction: Specification of German law as governing law and jurisdiction for disputes

14. Notices: Process and requirements for all formal communications between parties

15. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, and amendments