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1. Parties: Identification and details of lessor and lessee
2. Background: Context and purpose of the lease-to-own arrangement
3. Definitions: Key terms used throughout the agreement including equipment, payment terms, and other defined terms
4. Equipment Description: Detailed specification of leased equipment including make, model, serial numbers, and condition
5. Payment Terms: Lease payments, purchase price, payment schedule, and final ownership transfer conditions
6. Title and Ownership: Terms of ownership transfer, title retention, and conditions for final transfer of ownership
7. Maintenance and Use: Equipment maintenance requirements, permitted use, and operating conditions
8. Insurance: Required insurance coverage, responsibilities, and beneficiary arrangements
9. Default and Remedies: Consequences of default, available remedies, and repossession rights
10. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Early Purchase Option: Terms and conditions for early purchase of equipment before lease term completion
2. Assignment: Rights and restrictions regarding assignment of the agreement or equipment
3. Tax Provisions: Specific tax arrangements, GST implications, and tax responsibilities
4. Dispute Resolution: Specific procedures for resolving disputes, including mediation or arbitration options
1. Equipment Schedule: Detailed list and specifications of equipment including photographs and condition report
2. Payment Schedule: Detailed payment terms, amounts, due dates, and amortization schedule
3. Maintenance Schedule: Required maintenance procedures, intervals, and authorized service providers
4. Insurance Requirements: Detailed insurance specifications including minimum coverage requirements
5. Condition Report: Initial condition assessment of equipment at lease commencement
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