Sample Equipment Lease

Within this section of Business Tools, we reproduce a number of contracts and forms that are useful in forming and operating a business with a maximum level of asset protection. From the earliest agreement to start a company to ways to remove valuable assets from a growing business, these forms cover the most popular strategies and gives clues as to how best to structure your operation. Equipment leases and various financing arrangements are also covered, allowing you the greatest protections under the law.

The following Sample Equipment Lease might be used when the business owner seeks to personally own "tools of the trade" and lease the same to the operating entity to preserve an exemption; or when the intent is for the holding entity to own the assets, and lease the same to the operating entity, to reduce the exposure to liability.

Some of these forms contain technical language and create significant legal obligations. Do not use any form without first having an attorney review the form and determine that it is suitable for the purpose for which you intend it.

This Sample Equipment Lease include sections on the following:

  • the parties involved and the terms of the lease
  • who must maintain the leased property and who is responsible for its condition
  • terms for returning the leased property
  • conditions for defaulting on the lease
  • state law that will be applied to the lease's terms

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This file contains a three-page documents in rich text format (RTF) that is suitable for use with most word processing programs used in the Windows environment.