Docstoc Legal Agreements
This is an agreement to lease equipment pursuant to the specific terms and conditions as
negotiated by the parties. This agreement contains provisions regarding indemnification,
rental payments, and disclaimer clauses, but does not have a warranty provision. This
document is useful to individuals or businesses located in Illinois seeking to lease
equipment without a warranty and can be customized to fit the needs of the drafting parties.
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AGREEMENT TO LEASE EQUIPMENT (WITHOUT WARRANTY)
THIS AGREEMENT TO LEASE EQUIPMENT (“Lease Agreement”) is made and effective
________ [Month] __ [Date], 20__ [Year], by and between ____________________________
[Instruction: Insert the name of Lessor], located at
__________________________________________ [Instruction: Insert the address of the
Lessor] (“Lessor”) and _______________________________ [Instruction: Insert the name of
Lessee], located at __________________________________ [Instruction: Insert the address
of the Lessee] (“Lessee”).
WHEREAS, Lessor is the sole owner of that certain equipment describe in Exhibit A.
WHEREAS, Lessee wishes to lease the equipment from the Lessor in accordance with the term
of this agreement.
WHEREAS, each party is duly authorized and capable of entering into this agreement.
NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set
forth, the parties hereto agree as follows:
Lessor agrees to lease to Lessee, and Lessee agrees to lease and rent from Lessor, the equipment
more fully described in Exhibit A, (the “Equipment”), on the terms and conditions of this Lease
2. Term and Payment
See the attached Exhibit B.
Lessee shall be responsible for shipping the Equipment to Lessee's premises.
Lessee shall use the Equipment in a careful manner, shall make all necessary repairs at Lessee's
expense, and shall comply with all laws relating to its possession, use, or maintenance, and shall
not make any alterations, additions, or improvements to the Equipment without Lessor's prior
written consent. All additions, repairs, or improvements made to the Equipment shall belong to
The Equipment is, and shall remain, the property of Lessor, and Lessee shall have no right, title,
or interest therein or thereto except as expressly set forth in this Lease Agreement. The
Equipment shall remain personal property even if installed in or attached to real property.
© Copyright 2011 Docstoc, Inc. registered document proprietary, copy not 2
Lessee acquires no ownership rights in the Equipment and has no option to purchase same. Upon
the expiration or termination this Lease Agreement, or in the event of a defaul