Equipment Lease Agreement Template (Page 3 of 5) in pdf

13. ENCUMBRANCES, TAXES AND OTHER LAWS: Lessee shall keep the

Equipment free and clear of any liens or other encumbrances, and shall not permit any act

where Lessor’s title or rights may be negatively affected. Lessee shall be responsible for

complying with and conforming to all laws and regulations relating to the possession, use

or maintenance of the Equipment. Furthermore, Lessee shall promptly pay all taxes, fees,

licenses and governmental charges, together with any penalties or interest thereon,

relating to the possession, use or maintenance of the Equipment.

14. LESSORS REPRESENTATIONS: Lessor represents and warrants that he/she has

the right to lease the Equipment as provided in this Agreement and that Lessee shall be

entitled to quietly hold and possess the Equipment, and Lessor will not interfere with that

right as long as Lessee pays the Rent in a timely manner and performs all other

obligations under this Agreement.

15. OWNERSHIP: The Equipment is and shall remain the exclusive property of Lessor.

16. SEVERABILITY: If any part or parts of this Agreement shall be held unenforceable

for any reason, the remainder of this Agreement shall continue in full force and effect. If

any provision of this Agreement is deemed invalid or unenforceable by any court of

competent jurisdiction, and if limiting such provision would make the provision valid,

then such provision shall be deemed to be construed as so limited.

17. ASSIGNMENT: Neither this Agreement nor Lessee’s rights hereunder are

assignable except with Lessor’s prior, written consent.

18. BINDING EFFECT: The covenants and conditions contained in the Agreement

shall apply to and bind the Parties and the heirs, legal representatives, successors and

permitted assigns of the Parties.

19. GOVERNING LAW: This Agreement shall be governed by and construed in

accordance with the laws of the State of ______________________________________.

20. NOTICE: Any notice required or otherwise given pursuant to this Agreement shall

be in writing and mailed certified return receipt requested, postage prepaid, or delivered

by overnight delivery service to:

Lessor:

Lessee:

________________________________

______________________________

________________________________

______________________________

________________________________

______________________________

Either party may change such addresses from time to time by providing notice as set

forth above.

Equipment Lease Agreement

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