EQUIPMENT
LEASING AGREEMENT
This equipment
leasing agreement ("Agreement") is made and effective
[s-Date], by and between:
[r-Name] (herein
referred to as "Client")
[r-Address]
And
[s-Name] (herein
referred to as "Contractor")
[s-Address]
The equipment (“Equipment”) to be maintained:
[Insert equipment
description]
The Client owns or has legal control of the above-mentioned Equipment hereby incorporated into this Agreement by reference.
Under this Agreement, the Client requests the Equipment to be maintained in good working order. Such required level of maintenance services will include periodic inspections that are routine, in addition to scheduled repairs and the replacement of parts on an as needed basis. Emergency repairs will also be made when Equipment becomes unexpectedly inoperable.
The Contractor is in the business of providing equipment maintenance services, and hereby agrees to provide the following maintenance services to Client:
1. All Equipment described herein shall be inspected and repaired on a regular basis, as suggested by the Equipment's maintenance manual supplied by the manufacturer for each specific piece of equipment.
2. The Contractor shall respond to any of Client's requests for Emergency repairs within [number] hours of receiving a request from Client.
3. Contractor shall ensure that all services provided under the terms of this agreement are to be performed by properly trained and certified individuals.
4. Contractor also certifies that all employees that will be maintaining Client's Equipment are legally employed by the United States and that the Contractor is in compliance with all Federal and State wage and employment laws and with any additional applicable laws and regulations that are required to administer the above-referenced services to Client.
In payment for services provided by Contactor the Client agrees to the following:
1. To pay the Contractor [s-CheckAmount] on the [s-NumberDay] day of each month for the duration of this Agreement. This Agreement will commence with a payment of [s-CheckAmount] no later than [s-Date].
2. To pay to Contractor for individual required repairs that are performed by Contractor the price specified in the attached List of Repairs and hereby incorporated into this Equipment Maintenance Agreement by reference.
3. To purchase from or provide to the Contractor all required parts, supplies, and other materials that may be necessary and reasonable in order to properly maintain the Equipment in good working order. The Client is of the understanding that parts and supplies along with other materials should be of exact specifications described by the Contractor for the equipment to reach optimal operating status.
All invoices for monthly maintenance and repair fees, including all supplies and services billed, will be submitted by Contractor or an employee of the Contractor to the Client no later than the [number] day of each month for the duration of this Agreement. Client shall pay each invoice received within thirty days of stated due date.
This Agreement will expire on [date] at which time the Client and Contractor may extend the stated terms in writing.
Either party may terminate this Agreement at any time by supplying a written notice of termination on a specified date to the other party, with at least two weeks notice prior to the stated date of termination.
If there is any litigation needed between the Client and Contractor, it shall be filed and tried in the Contractor's local jurisdiction.
In agreement to the above-referenced terms, the Client and Contractor sign below:
Applicable Law
This Agreement shall be governed by the laws of the State of __________ in __________ County and any applicable Federal Law.
______________________________________ Date:____________
Client Signature
______________________________________ Date:____________
Contractor Signature
