Neurodiagnostic Equipment Leasing Agreement - Free Download | Page 2
4.4, 3974 votes
Please vote for this template if it helps you.
Dwight Crane Ltd.
Equipment Lease Form DCR 309
2 of 7
The Lessor shall have the right, in the circumstances, which in the sole reasonable discretion of the Lessor indicate
that the Equipment has been or will be abandoned, and whether or not the Lease is in default in payment of the
rental charges hereunder, to enter the Equipment Location and take the Equipment for safe storage at the Lessor's
premises without in any way terminating this Agreement and without relieving the Lessee of any obligation
hereunder including the obligation to pay rent for the term of the Agreement.
8. LESSEE INSPECTION
The Lessee shall inspect the Equipment forthwith upon receipt thereof. Unless Lessee within two hours of receipt
of the Equipment gives written notice to Lessor, specifying any defect in or other proper objection to the
Equipment, Lessee agrees that it shall be conclusively presumed as between Lessor and Lessee that Lessee has
fully inspected and acknowledged the Equipment to be in good condition and repair, and that Lessee is satisfied
with and has accepted the Equipment in such good condition and repair. Furthermore, the lessee agrees to inspect
the Equipment daily, weekly and monthly as laid out in the manufacturer’s manual, supplied with the Equipment,
and if there are any defects found, the Equipment must be immediately taken out of service and the Lessor
notified immediately. Lessee agrees to keep a daily log of all inspections done while the equipment is in their care,
control and custody.
9. CARE, CONTROL & CUSTODY
The Lessee shall be responsible, for the Equipment, including any and all aspects of this contract, from the time the
Equipment is dropped at the designated delivery address by the Lessor or picked up from one of the Lessors
location’s, for the duration of the contract and until the Equipment is picked up by the Lessor at the designated
pick-up address or delivered back to the lessors location during normal hours of operation be the lessee.
10. LESSOR'S INSPECTION
The Lessor shall, upon providing advance notice to Lessee, at any and all times during business hours that do not
interfere with production, have the right to enter into and upon the premises where the Equipment may be
located for the purpose of inspecting the same or observing its use. The Lessee shall give Lessor immediate
prompt notice of any attachment or other judicial process affecting any item of Equipment and shall whenever
requested by Lessor advise Lessor of the exact location of the Equipment.
Lessee shall not make any alterations, additions or improvements to the Equipment without the prior written
consent of Lessor. All additions and improvements of any kind or nature made to the Equipment shall belong to
and become the property of the Lessor upon the expiration or other termination of this Lease.
Lessee, at its own cost and expense, shall keep the Equipment in good repair, condition and working order,
reasonable wear and tear excepted, and shall furnish any and all parts, mechanisms and devices required to keep
the Equipment in good mechanical and working order. It is understood that this paragraph shall include, without
limitation, the repair and/or replacement of damaged tires.