The Equipment Lease Agreement Form is a crucial document used in Indonesian business transactions when one party (lessor) agrees to lease equipment to another party (lessee) for a specified period and payment terms. This agreement is particularly important in Indonesia's growing commercial sector, where businesses often prefer leasing over purchasing to manage capital efficiently. The document must comply with Indonesian Civil Code provisions and OJK regulations, making it suitable for both domestic and international companies operating in Indonesia. It covers essential aspects including equipment specifications, lease terms, payment schedules, maintenance requirements, and risk allocation, while incorporating necessary safeguards to protect both parties' interests under Indonesian law. The agreement is commonly used across various industries where significant equipment investments are required, providing a structured framework for equipment leasing arrangements while ensuring regulatory compliance.
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1. Parties: Identification of the lessor and lessee with complete legal names and addresses
2. Background: Context of the lease arrangement and brief description of the business relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Equipment Description: Detailed description of the equipment being leased
5. Lease Term: Duration of the lease, including commencement and termination dates
6. Rental Payments: Payment terms, amounts, frequency, and method of payment
7. Delivery and Acceptance: Terms regarding equipment delivery, installation, and acceptance procedures
8. Use and Maintenance: Conditions for equipment use, maintenance responsibilities, and operating requirements
9. Insurance and Risk: Insurance requirements and allocation of risk between parties
10. Title and Ownership: Confirmation of lessor's ownership and lessee's rights
11. Representations and Warranties: Statements of fact and promises made by both parties
12. Default and Remedies: Events of default and available remedies for both parties
13. Return of Equipment: Conditions and procedures for returning equipment at lease end
14. Governing Law: Specification of Indonesian law as governing law
15. Dispute Resolution: Procedures for resolving disputes between parties
1. Purchase Option: Terms for lessee to purchase equipment at lease end - include when offering purchase options
2. Sublease and Assignment: Rights to sublease or assign the agreement - include when these rights are permitted
3. Early Termination: Conditions for early termination - include when early termination is allowed
4. Environmental Compliance: Environmental requirements - include for equipment with environmental impacts
5. Import/Export Compliance: Requirements for international equipment - include for imported equipment
6. Software License: Terms for associated software use - include when equipment includes software
7. Training and Support: Provisions for technical training - include when lessor provides training
8. Force Majeure: Provisions for unforeseen circumstances - include for long-term or high-value leases
1. Schedule A - Equipment Specifications: Detailed technical specifications of leased equipment
2. Schedule B - Rental Payment Schedule: Detailed breakdown of payment amounts and dates
3. Schedule C - Maintenance Requirements: Specific maintenance procedures and schedules
4. Schedule D - Insurance Requirements: Detailed insurance coverage requirements
5. Schedule E - Acceptance Certificate: Form for documenting equipment acceptance
6. Schedule F - Return Conditions: Detailed conditions for equipment return
7. Appendix 1 - Equipment Photos: Photographic documentation of equipment condition at lease start
8. Appendix 2 - Operating Manual: Equipment operating procedures and guidelines
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